Asia Commercial Joint Stock Bank (ACB) has just announced a change in the number of outstanding voting shares. Accordingly, ACB has issued 506.6 million shares to pay dividends in 2022. Thereby, ACB has increased the number of outstanding shares from 3.38 billion to 3.88 billion shares, corresponding to an increase in charter capital to VND 38,840.5 billion.
Previously, ACB announced that the last registration date to exercise the right to pay 2022 dividends in cash and shares at a total rate of 25% is June 2.
Of which, ACB pays stock dividends at a rate of 15% (shareholders owning 100 shares receive 15 new shares) and cash dividends at a rate of 10% (each shareholder owning one share receives 1,000 VND).
As of January 2023, Mr. Tran Hung Huy - Chairman of the Board of Directors (BOD) - held 115.74 million ACB shares (equivalent to 3.43%). Thus, with the above dividend payment, Mr. Huy received an additional 17.4 million shares and VND 115.7 billion in cash.
After receiving additional shares, Mr. Tran Hung Huy owns more than 133 million units. If based on the closing price of ACB shares on June 9, reaching VND21,550/share, the number of shares Mr. Huy is holding is worth nearly VND2,868 billion.
According to the financial report for the first quarter of 2023, ACB's interest income and other income reached more than VND 13,200 billion, up 46% over the same period. After deducting expenses, ACB's after-tax profit reached VND 4,135 billion, up 25% over the same period in 2022.
Mr. Tran Hung Huy was born in 1978, the eldest son of Mr. Tran Mong Hung - a veteran banking tycoon and one of the founders of ACB Bank.
Chairman Tran Hung Huy has just created a storm on social media after demonstrating his ability to play, sing, and dance on stage like a professional artist at the Gala night celebrating the 30th anniversary of ACB.
The performance was widely shared on all media platforms, causing marketers to exclaim, "A marketing team working for a month is not equal to the ACB chairman singing for one night."
Business News
The stock market has a number of other important events of listed companies.
* SDT: Song Da 10 Joint Stock Company announced the documents for the 2023 Annual General Meeting of Shareholders (expected to be held on June 29), with the goal of making a profit in 2023. In particular, SDT set a plan with revenue of more than 933 billion VND, more than double compared to 2022 and after-tax profit of more than 12 billion VND, while the previous year was a loss.
* OGC: Ocean Group Corporation sets a business plan for 2023, with net revenue of VND 1,218 billion and profit after tax of VND 142 billion, growth of 17% and 141% respectively compared to the performance of 2022.
* PLX: According to the newly released 2023 Annual General Meeting of Shareholders document, Vietnam National Petroleum Group (Petrolimex) sets a revenue target of VND 190,000 billion in 2023, down 38% compared to the previous year; pre-tax profit of nearly VND 3,230 billion, up 42%.
* TAR: On June 29, Trung An High-Tech Agriculture Joint Stock Company will hold the 2023 Annual General Meeting of Shareholders to approve the 2023 business plan, with revenue of VND 3,800 billion and after-tax profit of VND 50 billion, respectively flat in revenue and down nearly 34% in profit.
* DTL: At the upcoming General Meeting of Shareholders, Dai Thien Loc Joint Stock Company will submit to shareholders for approval a plan to make a profit after a year of heavy losses. Accordingly, the Board of Directors has set a revenue plan for 2023 of VND 1,600 billion, approximately the result of 2022; the profit target is VND 4 billion, while last year it lost VND 153 billion.
Transaction information
* NED: Mr. Tran Van Huyen - Chairman of the Board of Directors of Tay Bac Electricity Investment and Development Joint Stock Company registered to buy 3 million NED shares with the aim of increasing the ownership ratio of the company.
* GID: Gia Dinh Textile and Garment Joint Stock Company said it will divest all capital from Bach Tuyet Cotton Joint Stock Company (BBT) and continue to divest capital from Export Garment and Leather Footwear Joint Stock Company (LGM).
* DHP: Chairman of the Board of Directors - Mr. Hoang Thanh Hai of Hai Phong Electrical Engineering JSC registered to buy more than 1.3 million shares, expected transaction end date is July 11.
* PRT: Mr. Nguyen Van Thien - Member of the Board of Directors of Binh Duong Production - Import - Export Corporation - JSC has registered to divest all 1.5 million shares he is holding, equivalent to 0.5% of the company's capital.
* CET: After recording the ceiling price increase of CET shares, many major shareholders of HTC Holding Corporation have moved to sell some of their shares. Of which, two major shareholders, Ms. Le Thi Tuyet Van and Mr. Huynh Tan Tho, sold 1.23 million shares (20.33%) and 70,000 shares, respectively. Next, Mr. Tran Hoang Cuong sold 542,135 shares, reducing his ownership ratio from 23.97% to 15.01%.
VN-Index
Closing the trading session on June 9, VN Index increased by 6.21 points to 1,107.53 points. HNX Index increased by 0.82 points to 227.6 points. UPCoM Index increased by 0.17 points to 84.19 points.
BSC Securities Company forecasts that VN-Index is expected to continue to maintain a good uptrend from May 2023 to return to the 1,100 - 1,150 point range with liquidity continuing to improve. Foreign investors are more active after net selling for the past 2 consecutive months in the context of the world without too negative events.
SSI Research commented that in the uptrend and dynamic cash flow rotating quickly. Opportunities are expanding for short-term investors in stocks that have completed the adjustment process as well as have good technical signals.
For medium-term investors, SSI believes that the appropriate strategy is to monitor stocks with good fundamentals, stories, and take advantage of corrections in the main upward trend of the market to increase the proportion.
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