HCMC — FPT Digital Retail JSC (HOSE: FRT) plans to issue more than 34 million shares to pay a 25% stock dividend for 2024, following a sharp improvement in business performance.
The company said shareholders will get one new share for every four shares held. The issuance is expected to be completed by the third quarter of 2025, subject to approval from the State Securities Commission of Vietnam.
FPT Retail currently has over 136.2 million shares outstanding. The dividend payment plan would increase the share count by about 34.06 million.
The dividend payment follows a strong recovery in 2024, with revenue rising 25.9% year-on-year to VND40.1 trillion. After-tax profit reached VND408 billion, reversing a loss of VND329 billion in the previous year.
In the first quarter of 2025, FPT Retail reported consolidated revenue of VND11.67 trillion, up 29% from a year earlier, meeting 24% of its annual target. Pre-tax profit rocketed 207% to VND273 billion, representing 30% of the full-year goal.
Closing the trading session today, June 10, FRT edged up 5.58% to VND179,900, with a trading volume of 1.06 million shares.
The Hochiminh Stock Exchange’s benchmark index gained slightly on Monday, buoyed by the rises of real estate stocks VHM and VRE, while several bluechips lost momentum in the afternoon session.
With 162 winners and 135 losers, the VN-Index added 5.66 points, or 0.43%, to close at 1,316.23 points. Market liquidity remained stable with over 784.3 million shares worth a combined VND18.43 trillion traded. Trading volume dipped 1% compared to the previous session, but value increased by 3%. Block deals contributed over 54 million shares worth VND1.19 trillion.
Bluechips STB, MWG, BVH, and GVR, which provided support in the morning, lost momentum in the afternoon. STB still added 2.3% to close at VND42,900, while the others gained only 0.6% to 1.5%.
In contrast, real estate stocks VHM and VRE extended their gains and were key contributors to the index’s advance. VRE climbed 3.7% to VND26,500, while VHM rose 2.7% to VND72,600, together adding nearly two points to the main index.
Other VN30 stocks were mixed, with limited price changes. SHB stood out with strong liquidity, taking the lead by liquidity with over 53.4 million shares matched. It was followed by HPG and VPB with 29.4 million and 20.2 million shares traded, respectively.
On the Hanoi Stock Exchange, the HNX-Index was little changed, edging down 0.04% to 226.4 points, with 73 stocks advancing and 61 others declining. Trading volume totaled over 70.5 million shares worth VND1.25 trillion.
