HCMC – Orient Commercial Joint Stock Bank (HOSE: OCB) said it would pay a 7% cash dividend for 2024 and increase its charter capital through a share issue.
The bank will finalize the shareholder list on July 18, with payment scheduled for August 7. Shareholders will get VND700 for every share held. With nearly 2.47 billion outstanding shares, the total dividend payment will be around VND1.73 trillion.
Separately, the State Bank of Vietnam has approved OCB’s plan to raise its charter capital by nearly VND1.97 trillion. The bank will issue about 197.3 million shares from retained earnings at an 8% ratio, meaning shareholders will get eight new shares for every 100 shares held.
The share issue will increase OCB’s charter capital from VND24.66 trillion to over VND26.63 trillion.
The additional capital will be used to expand lending, invest in infrastructure, and upgrade its IT system.
OCB’s total assets rose 3% in the first quarter to VND289.07 trillion. Net revenue was VND2.27 trillion, unchanged from a year earlier. Pre-tax profit reached VND893 billion as of March 31.
The bank targets total assets of VND316.78 trillion in 2025, up 13% from 2024. It expects pre-tax profit to rise 33% versus a year earlier to VND5.34 trillion.
Closing the trading session today, July 4, OCB edged up 0.83% to VND12,100, with nearly 3.9 million shares changing hands.
The Hochiminh Stock Exchange’s benchmark index closed higher on Friday, driven by gains in bluechips, though overall market liquidity saw a sharp drop from the previous session.
The VN-Index added 5.01 points, or 0.36%, to end the day at 1,386.97 points, with 204 advancers and 101 decliners.
Total trading volume dropped nearly 39% from the previous session to over 861.8 million shares, while value slid 38% to VND20.48 trillion. Block deals contributed over 77.5 million shares worth VND2.2 trillion.
Large-cap stocks led the uptrend, with ACB rising 2.1% to VND21,850, BVH gaining 3.6% to VND54,900, and FPT advancing 3.8% to VND122,500. On the losing side, real estate firm VIC dropped the steepest by 2.7% to VND91,900. There were 23 winners and four losers in the VN30 basket, which groups the 30 largest-cap stocks.
Mid- and small-cap stocks, particularly those in the real estate and construction sectors, continued to post strong gains. LDG, DLG, and PTL hit their daily ceiling prices, while many other stocks in this sector rose between 3% and 5.5%.
VIX Securities was the most actively traded stock on the southern exchange, with over 74.3 million shares matched. The stock gained nearly 3% to close at VND14,550.
On the Hanoi Stock Exchange, the HNX-Index edged up 1.58 points, or 0.68%, to close at 232.51 points, with 100 stocks rising and 63 others dipping. The northern market saw over 90.2 million shares worth VND1.52 trillion traded.
