HCMC — Hoa Phat Group (HPG) will issue over 1.28 billion new shares to pay a 20% stock dividend for 2024, with June 27 chosen as the shareholder record date, reported the local media.
Shareholders will get two new shares for every 10 shares held. The dividend will be paid from undistributed post-tax profits based on the company’s audited 2024 financial statements.
Following the issuance, the steelmaker’s charter capital will rise to VND76.76 trillion.
The company originally planned to distribute a 5% cash dividend and a 15% stock dividend but opted to pay entirely in shares to preserve cash flow. Hoa Phat cited global uncertainties and U.S. reciprocal tariff policy as key reasons for the adjustment.
In the first quarter of 2025, Hoa Phat posted revenue of VND37.95 trillion, up 22% from a year earlier. After-tax profit rose 16.8% year-on-year to nearly VND3.35 trillion. The company has completed 22.3% of its full-year targets, which include VND170 trillion in revenue and VND15 trillion in after-tax profit.
Closing the trading session today, June 5, HPG inched down 0.77% to VND25,750, with a trading volume of nearly 18.8 million shares changing hands.
Vietnam’s benchmark index slipped on Thursday, weighed down by declines in bluechips, while liquidity fell sharply from the previous session.
At the close, the VN-Index lost 3.65 points, or 0.27%, to 1,342.09 points, with 143 winners and 168 losers. Trading volume dropped 18% to over 819 million shares, and value fell 17% to VND19.17 trillion. Block deals contributed more than 71.6 million shares worth VND2.15 trillion.
The VN30 basket, which groups the 30 largest-cap stocks, saw 20 decliners, but losses were mostly modest. BVH led the downturn, falling 1.8% to VND50,400. Other major stocks, including SSI, VNM, SAB, and GAS, dropped between 1% and 1.5%.
On the upside, MSN rose 2.7% to VND65,800, with a trading volume of 11.74 million shares, the highest in nearly two months. Gains in other large-cap stocks were limited, up between 0.2% and 0.85%.
Securities broker VIX took the lead by liquidity with more than 50.7 million shares traded, but it slipped 1.77% to VND13,850.
Meanwhile, the Hanoi Stock Exchange saw its index hover around the reference mark with slight fluctuations throughout the session.
The HNX-Index edged up 0.36 point, or 0.16%, to close at 231.19 points, with 72 advancers and 85 decliners. The exchange saw over 110.6 million shares changing hands, valued at VND1.9 trillion.
