2024 – Masan Consumer shareholders receive a series of good news, receive a 'rain' of dividends

ANTD.VN - In 2024, Masan Consumer's MCH stock increased impressively from VND89,200/share to around VND220,000/share (November). This price increase helped MCH reach the top position in the top consumer companies with the highest capitalization value in Vietnam. The company paid a total cash dividend of 268% and is expected to IPO in 2025.

Shareholders receive "rain" of dividends

On September 26, Masan Consumer closed the shareholder list to pay 2023 (additional) cash dividends, with an implementation rate of 168%/share (1 share receives VND 16,800). The ex-rights transaction date is September 25, and the implementation date is October 4, 2024.

In addition, during the period of July 2023 and July 2024, Masan Consumer paid more than VND 7,100 billion in cash dividends for 2023, with a total rate of 100%. Thus, in just over 1 year (July 2023 to September 2024), this enterprise has paid cash dividends with a total rate of 268%.

Regarding the 2024 dividend, Masan Consumer recently announced information to seek shareholders' approval to pay an interim dividend for 2024 from the company's retained earnings, with a maximum interim dividend of 100% (ie 1 share will receive a maximum interim dividend for 2024 of VND 10,000).

Continuously achieving double-digit growth

Masan Consumer's starting point and mainstay product line is spices. Up to now, this enterprise has participated in 8 main consumer goods industries in Vietnam and owns 5 brands with over 2,000 billion VND in revenue.

Masan Consumer's key brands include Chin-Su, Nam Ngu, Tam Thai Tu, Omachi, Kokomi, Vinacafé, Wake-Up Coffee, Wake-Up 247, Joins, Chante'. According to Kantar, Chin-Su and Nam Ngu are the most chosen brands in urban areas; while in rural areas, there are 4 brands: Nam Ngu, Chin-Su, Kokomi and Tam Thai Tu.

Chin-Su products are familiar with family meals.

According to the latest financial report, in the third quarter of 2024, MCH achieved a revenue growth of 10.4% over the same period in the third quarter of 2024, reaching VND 7,987 billion. This positive figure was contributed by the premiumization strategy implemented in the convenience food and seasoning industries, helping to achieve growth of 11% and 6.7% over the same period, respectively; and innovation activities in the beverage and home and personal care industries, helping to achieve growth of 18.8% and 12.4% over the same period, respectively.

Young people excitedly check-in with Chin-Su chili sauce in Osaka, Japan

In addition to continuing to maintain a high gross profit margin of 46.8%, the company's Go Global strategy also achieved positive numbers with export revenue continuing to grow, reaching an increase of 17% over the same period last year.

From 2017 to 2023, Masan Consumer grew at a rate 2.2x the general market rate. According to a recent report by HSBC, Masan Consumer has high profit margins, stable revenue growth and significantly outperformed its peers in the FMCG and packaged food sectors in the region.

Leading consumer companies in capitalization, will IPO in 2025

With a top position in the consumer goods industry, impressive business growth in recent years, and Masan Consumer's MCH stock price continuously hitting new peaks, MCH has no difficulty meeting the listing conditions (currently trading on UPCoM).

Accordingly, Masan Consumer's MCH stock has increased impressively from VND89,200/share to nearly VND220,000/share (Closing price on November 22). This price increase has helped MCH reach the top position among consumer companies with the highest capitalization value in Vietnam. The continuous increase in MCH's stock price with high liquidity is a testament to the market's strong confidence in the company's achievements over the past time.

On October 2, the company announced a resolution of the Board of Directors approving the transfer of MCH shares from UPCoM to listing on the Ho Chi Minh City Stock Exchange (HOSE). At the same time, it sought shareholders' approval to pay interim dividends for 2024 from the company's retained earnings, with a maximum interim dividend of 100% (ie 1 share will receive a maximum interim dividend of 10,000 VND for 2024).

With the approval of shareholders on the plan to list MCH on HOSE, it can be seen that this strategic step of the enterprise is on track. In addition, the successful IPO of Masan Consumer will help increase the valuation of Masan stocks such as MCH, MSN and this roadmap is becoming clearer with positive information from the enterprise and the market.

This year, MCH is expected to achieve revenue from VND 32,500 billion to VND 36,000 billion. With a positive business outlook, Masan Consumer's stock price is expected to continue to maintain its "form", promising a potential roadmap to help maximize the outstanding capacity of Masan Consumer - the fastest growing consumer goods company in Southeast Asia.

Source: https://www.anninhthudo.vn/nam-2024-co-dong-masan-consumer-don-loat-tin-vui-nhan-mua-co-tuc-post596856.antd