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Saturday, June 22, 2024

FPT announces high dividend

The Saigon Times

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HCMC – FPT Corporation (HOSE: FPT) will pay a 10% cash dividend and issue bonus shares for shareholders at a 15% ratio.

Shareholders will get VND1,000 for each share held, with the record date set for June 13 and payment for June 20. With 1.27 billion outstanding shares, the firm will spend around VND1.27 trillion.

The tech giant also plans to issue an additional 190.5 million bonus shares, raising its charter capital from VND12.7 trillion to VND14.6 trillion. Shareholders will receive three new shares for every 20 shares they hold. The issue will be funded by the company’s retained earnings as of December 31, 2023.

Regarding FPT’s business performance, the company posted a robust year-on-year revenue rise of 20.6% to nearly VND19 trillion in the first four months of 2024. Pre-tax profit soared by 19.7% to over VND4.45 trillion, while after-tax profits rose at a similar pace to VND2.9 trillion.

FPT shares have doubled in price over the past year, closing at VND139,100 at the close today, June 4, a 1.61% increase over the previous session.

The VN-Index added 3.52 points, or 0.28%, to close at 1,283.52 points on Tuesday, driven by the rises of technology and select large-cap stocks.

Stock trade tumbled 11% in volume and 9% in value over the session earlier, with 935.8 million shares worth VND23.74 trillion changing hands. Block deals totaled 150 million shares valued at VND3.57 trillion.

In the VN30 basket, POW and SAB were top performers. POW climbed by 4.1% to VND14,000 per share, with nearly 36 million shares traded. SAB increased by 3.4% to VND61,400.

Other notable gainers included HPG, BVH, and FPT, each up less than 1%. HPG took the lead by liquidity with over 39.6 million shares traded, closing 1% higher at VND29,300.

BCM and ACB saw the most significant decline, with each losing over 1%.

Technology and telecommunications stocks performed well, though with lower liquidity. HVH and ITD hit their upper price limits, closing at VND7,450 and VND14,450, respectively. ICT gained 6.1% to VND14,850, ADG rose 5.3% to VND16,900, and CMG increased 5.2% to VND68,500.

The HNX-Index lost 0.4 point, or 0.16%, to end the day at 244.32 points, due to the poor performance of large-cap stocks.

The market saw 87 gainers and 97 decliners, with a trading volume of over 82 million shares valued at VND1.6 trillion.

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