HCMC – GELEX Electricity JSC (HOSE: GEE) has proposed a combined 50% dividend for 2025, including 30% in cash plus a 20% share dividend, according to its latest annual general meeting documents.
Under the plan, GELEX wants to issue 61 million additional shares at a 5:1 rights offering, equivalent to a 20% issuance rate. The issuance is scheduled for the second and third quarters of this year.
The company has paid an interim cash dividend of 10% and plans to distribute the remaining 20% of the total dividend within the year.
GELEX Electricity has forecast its consolidated revenue at nearly VND22.3 trillion this year, a 5.5% increase over the previous year. However, it expects its pre-tax profit to slip 21.6% to VND1.69 trillion due to the absence of one-time gains from divestments recorded last year.
The company said its core business remains stable, with plans to invest in research and development for high-tech products.
Closing the trading session today, March 10, GEE stayed flat at VND67,900, with 736,900 shares changing hands.
The benchmark VN-Index closed 0.32% higher on Monday, gaining 4.23 points to end at 1,330.28 points, supported by key stocks. The southern exchange saw 191 winners and 263 losers.
Trading volume rose to over 1.02 billion shares valued at VND22.8 trillion, up by 6.8% in volume and 9.5% in value over the previous session. Block deals accounted for 165.6 million shares worth VND2.9 trillion.
Three large-cap stocks—VCB, VIC, and BCM—added more than 5.5 points to the index. BCM surged to its ceiling price of VND80,200. VIC gained 4.4% to VND47,300 with nearly 9.9 million shares traded, while VCB rose by 1.8% to VND96,800.
Most other stocks in the VN30 basket moved within a narrow range of about 1%. Securities brokerage SSI took the lead by liquidity with more than 45.6 million shares changing hands.
On the Hanoi Stock Exchange, the HNX-Index edged up by 1.1 points, or 0.46%, to 239.5 points, with 73 advancers and 85 decliners. Trading volume reached 56.25 million shares valued at VND1.04 trillion.
