HCMC – Vietnamese steelmaker Hoa Phat Group (HOSE: HPG) looks to obtain revenue of VND170 trillion and after-tax profit of VND15 trillion this year, up 21% and 24.7% year-on-year, respectively.
The targets will be presented at its annual general meeting of shareholders scheduled for April 17 in Hanoi.
Hoa Phat’s board of directors proposed a 20% dividend payment for 2024, consisting of a 5% cash dividend and a 15% stock dividend. The payment will be made within six months of shareholder approval, using undistributed after-tax profits. A similar 20% dividend is expected for 2025.
The largest steel producer in Vietnam said it would focus on expanding production capacity and improving operational efficiency to meet its financial goals.
Closing the trading session today, March 27, HPG edged down 0.18% to VND27,500, with over 12 million shares changing hands.
The VN-Index lost 2.28 points, or 0.17%, closing at 1,323.81 points today, with 156 stocks advancing and 278 others declining on the Hochiminh Stock Exchange.
Trading volume totaled more than 672.3 million shares worth VND16.08 trillion, down over 19% in volume and 14% in value against the previous session. Block deals accounted for over 108 million shares valued at VND3.34 trillion.
Bluechips edged lower, led by LPB, TPB, and VRE, each dropping by around 1.4%. In contrast, SHB emerged as a notable gainer, adding 3.7% to end at VND12,650. SHB also recorded the highest matching volume on the market, at over 65.7 million shares, with foreign investors net buying more than 5.5 million shares.
FPT rebounded, rising 2.6% to VND126,100 with 6.46 million shares traded.
Among mid- and small-cap stocks, HHS hit its ceiling price of VND9,840 on more than four million shares matched. HVH similarly surged 6.8% to VND11,850, though it saw thinner volume at 0.57 million shares.
NNC maintained its ceiling price from the morning session, climbing 6.9% to VND30,850. TCH, SHI, SMC, and GIL rose by 3% to over 4% amid robust liquidity, with TCH posting volume of 14.8 million shares.
Meanwhile, several stocks such as PHC, GEE, VRC, OGC, and LGL came under selling pressure, losing over 3% to more than 4%.
On the Hanoi Stock Exchange, the HNX-Index narrowed its decline but remained almost flat after midday due to limited market drivers. It slipped 1.79 points, or 0.74%, to 239.54 points, with 73 gainers and 98 losers.
The northern bourse saw a trading volume of nearly 60.5 million shares valued at VND1 trillion.
