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Monday, June 17, 2024

FTS to pay 5% cash dividend

The Saigon Times

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HCMC – FPT Securities JSC, listed on the Hochiminh Stock Exchange (HOSE) under the ticker FTS, has announced a 5% cash dividend for fiscal 2023 along with a bonus share issue at a ratio of 100:40 to increase its charter capital.

Shareholders will receive VND50,000 in cash and 40 new shares for every 100 shares held. With over 214.5 million outstanding shares, the company will distribute VND107 billion in cash dividend and issue more than 85.9 million bonus shares to its existing shareholders.

The record date is May 16, with the dividend payment set for June 6.

The capital for the bonus share issue will be drawn from the undistributed after-tax earnings as of December 31, 2023, totaling nearly VND858.3 billion.

The company has also approved a plan to issue shares under the 2024 employee stock ownership plan (ESOP), intending to issue 5.53 million shares, equivalent to 2.58% of the total outstanding shares, at VND10,000 per share.

Shares issued under the ESOP scheme will be restricted from transfer, with 50% eligible for transfer after one year and the remainder after two years from the date of issuance.

The firm looks to book revenue of VND845 billion in 2024 and pre-tax profit of VND420 billion, down 8.29% and 17.65% compared to 2023, respectively. In the previous fiscal year, the company reported total revenue of VND921 billion, with pre-tax profit reaching VND510 billion.

Closing the trading session today, May 6, FTS shot up to its ceiling price of VND58,300, with more than 3.1 million shares matched.

The upsurge of many bluechip stocks helped the VN-Index of the Hochiminh Stock Exchange make gains for a fourth consecutive session.

The main index added 20.55 points, or 1.68%, over the session earlier to 1,241.58, with 390 stocks rising and 76 others falling.

Stock trade improved by 34.4% in volume and 22.7% in value over the previous session, with 864.6 million shares valued at around VND20.9 trillion traded. Block deals contributed 198.4 million shares worth VND4.8 trillion to the overall value.

There were 28 advancers and two decliners – HDB and VRE – in the VN30 basket, which groups 30 largest-cap stocks. The VN30-Index gained 19 points, or 1.51%, to 1,274.62 points.

Among big-cap stocks, aviation stocks VJC and HVN soared to their daily upper limits of VND113,400 and VND19,750, with a respective matching volume of over 1.7 million and 3.9 million shares.

Securities stocks VDS, TCI, HCM, and ORS picked up by over 4%, while other large-cap stocks in this sector like SSI and VND advanced as well.

VIX led the southern bourse by liquidity with a trading volume of nearly 28.7 million shares. It edged up by 4.76% to VND17,600 per share.

The HNX-Index of the Hanoi Stock Exchange rose by 4.07 points, or 1.78%, to 232.29 points, with trading volume exceeding 87 million shares worth VND1.9 trillion.

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