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Tuesday, June 18, 2024

Lender ACB increases charter capital

The Saigon Times

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HCMC – Asia Commercial Bank (stock code: ACB) has written to the Hochiminh Stock Exchange announcing its changes in the number of voting shares and its charter capital rise to over VND38.8 trillion.

ACB issued over 506 million shares to pay dividends for 2022, thereby increasing the total number of outstanding shares from over 3.3 billion shares to around 3.8 billion shares.

As a result, ACB’s charter capital will be increased from VND33.7 trillion to VND38.8 trillion.

Previously, lender ACB decided to pay dividends for 2022 in both cash and shares.

The cash dividend is 10%, or VND1,000 per share. With around 3.38 billion shares, ACB is expected to spend more than VND3.3 trillion on the dividend payment. The payment date is June 12, 2023.

Regarding the stock dividend payment, this bank planned to issue over 506.6 million shares, with a total value of over VND5.06 trillion.

The last cash dividend payment by ACB took place in 2015, at 7%. With around 896 million outstanding shares at that time, ACB spent over VND627 billion on the dividend payment in 2014.

Lender ACB reported a consolidated pre-tax profit of nearly VND5,157 billion in the first quarter of this year, up over 25% year-on-year, achieving 26% of the business plan for 2023.

ACB shares have attracted cash flow recently. Closing the trading session today, June 8, ACB stood at VND21,600 per share, down 1.14% against the previous session.

Regarding the stock market today, the benchmark VN-Index of the Hochiminh Stock Exchange slid 8.22 points, or 0.74%, against the previous session, at 1,101.32, with decliners outnumbering advancers by 269 to 139.

Over 1.32 billion shares worth over VND23.6 trillion changed hands, up over 30% in volume and value against the previous session.

VCB, the biggest cap on the market, continued to take the spotlight in today’s session by contributing over 3.5 positive points to the VN-Index as it rose 3.1% to VND100,000 per share, reaching its all-time high.

VCB’s market capitalization exceeded VND473.2 trillion, equivalent to over US$20 billion.

On the contrary, the profit-taking pressure led to significant declines in several stocks, dragging the VN-Index of the Hochiminh Stock Exchange down. For example, NHA dropped by 6.5% to VND20,900, VND decreased by 6% to VND18,100, PTL declined by 5.9% to VND4,120, and GEX fell by 5.8% to VND17,900.

Other stocks like SSI, VIP, GVB, NVL, TPB, TCB, STB and MWG decreased from 2% to 3.2% during the trading session today.

VND recorded the highest trading volume in the market, with over 66.2 million shares changing hands, followed by GEX with over 45.7 million shares, and DIG with over 28.2 million shares.

On the Hanoi Stock Exchange, the HNX-Index slid 3.55 points, or 1.54%, to 226.78 points, with 83 winners and 115 losers. The total trading volume reached 150.1 million shares, with a value of over VND2.49 trillion.

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