HCMC – GELEX Electric JSC (HOSE: GEE) is seeking shareholder approval to pay its entire 2025 dividend in cash at a rate of 55% after reporting record profit and exceeding its full-year earnings target.
The proposal will be submitted to shareholders for written approval, adjusting the dividend plan approved at an extraordinary general meeting in August 2025, which had set a total payment of 60%, including 40% in cash and 20% in shares.
The move follows the company’s release of its 2025 earnings results. Consolidated revenue rose over 20% year-on-year to around VND25.46 trillion. Pre-tax profit nearly doubled from 2024 levels to VND4.25 trillion, the highest level recorded by the company.
Based on these results, GELEX Electric completed 107% of its revenue plan and exceeded its profit target by 21% for the year.
The main growth drivers came from electrical equipment subsidiaries, including CADIVI, THIBIDI, EMIC and CFT. The company attributed their performance to a focus on core operations, flexible sales policies and increased investment in research and development.
As of the end of 2025, GELEX Electric JSC put its total assets at VND16.33 trillion, up VND3.43 trillion from the start of the year. Cash and cash equivalents stood at VND1.21 trillion.
Closing the trading session today, January 26, GEE slid 5.91% to VND191,000, with 246,000 shares changing hands.
Vietnam’s benchmark VN-Index fell 27.07 points, or 1.45%, to 1,843.72 on Monday as broad selling pressure weighed on large-cap and mid-cap stocks, despite a sharp rise in trading volume.
On the Hochiminh Stock Exchange, 264 stocks declined while 73 advanced. Total trading volume exceeded 1.1 billion shares, valued at VND32.09 trillion, up 25.84% in volume and 9.3% in value from the previous session on January 23. Block deals transactions accounted for 114.8 million shares worth VND2.78 trillion.
The VN30-Index, which tracks the 30 largest-cap stocks, dropped more than 45 points, with 24 bluechips falling and only six gaining. VIC and VHM each declined around 3%, together taking way around 11 points from the main index. DGC was among the weakest performers, plunging to its floor price of VND68,800.
GAS stood out as it closed at the ceiling price, posting liquidity of over 6.1 million shares. Foreign investors were net buyers of more than 1.1 million GAS shares. Other gainers included GVR, up 4.7%, PLX, up 4.4%, BID, up 3.35%, VCB, up 1.5%, and VNM, which also ended higher.
Losses dominated the mid- and small-cap segment. HAG, KBC, VSC, and VCG all closed at their floor prices. VCG saw matched volume of 24.7 million shares. HAG traded 20.7 million shares.
By sector, only utilities, telecommunications services, energy, and basic materials closed in positive territory. Gains in energy narrowed toward the close, with BSR up nearly 1% and PVD slipping 0.7%.
Transport stocks recorded the steepest losses. In shipping and aviation, VSC hit the floor, HAH fell 2.4%, PHP dropped 3.8%, HVN lost 3.8%, VJC slid 6%, and SCS eased 2.1%.
Insurance stocks also fell sharply. BVH dropped 6.6%, while PVI lost 4.3%. MIG and BMI each declined more than 3%. Real estate shares extended their losses, with DXG, CII, KHG, DIG, and PDR down between 2.5% and 4.2%.
Within the bank, securities, and steel groups, securities firms posted the largest declines. VIX fell 6.4% on volume of 63.1 million shares. SSI dropped 2.8% with nearly 25 million shares traded, while VND slid 4.6% and HCM lost 3.2%.
In the banking sector, SHB recorded the highest liquidity in the market with 75.4 million shares traded, but closed down 3.4%. Large lenders BID and VCB continued to support the index, ending up 3.35% and 1.5%, respectively.
On the Hanoi Stock Exchange, selling pressure also intensified. The HNX-Index fell 5.66 points, or 2.24%, to 247.3. The market recorded 36 winners and 120 losers, with trading volume reaching 90.6 million shares worth VND1.99 trillion.
