The stock market recorded BMP's stock price continuously reaching new peaks, increasing by about 34% over the past month. With more than 81 million shares in circulation, Binh Minh Plastics' market capitalization reached over 10,000 billion VND.

BMP shares hit a new peak, the biggest beneficiary is SCG Group from Thailand when this enterprise holds more than 45 million shares (equivalent to 55%) of Binh Minh Plastics through its subsidiary Nawaplastic.

This subsidiary of SCG became a major shareholder of Binh Minh Plastics since March 2012. After many acquisitions, with the current holding ratio, the giant SCG has full control over Binh Minh Plastics.

Compared to the BMP stock price in April 2018, when Nawaplastic started to increase its collection, the BMP stock price was trading at around VND33,000/share. By April 2023, the stock price suddenly accelerated, reaching around VND81,000/share. Since then, Binh Minh Plastics' stock has continuously increased and reached its current peak.

Thus, the Thai business giant has benefited thousands of billions of dong thanks to the sharp increase in stock value recently.

In addition, Binh Minh Plastics has repeatedly paid dividends at rates of over 100%. In 2023, the company paid a record dividend of 126% in cash, of which Thai shareholders pocketed nearly VND570 billion.

In 2024, Binh Minh Plastics is expected to reserve 50% of after-tax profit for dividend payment.

Recently, plastic industry stocks have attracted attention from investors as plastic industry businesses forecast strong growth in 2024.

Vietnam Industry Research and Consulting Joint Stock Company (VIRAC) forecasts that the size of Vietnam's plastic industry will reach 10.92 million tons by 2024. This figure is likely to increase to 16.36 million tons by 2029, with a compound annual growth rate (CAGR) of 8.44% from 2024 to 2029.

VIRAC said that the Vietnamese plastics industry expects to expand export opportunities when trade agreements such as the Vietnam - European Union Free Trade Agreement (EVFTA), the Regional Comprehensive Economic Partnership Agreement (RCEP)... come into effect, thereby entering the global market more strongly.

To date, the Vietnamese plastic industry is capable of producing raw materials such as PVC, PP, PET, PS, PE with a capacity of nearly 3 million tons/year. Domestic raw materials can meet 30% of domestic market demand, the remaining 70% is imported.

Mrs. Hoang Anh, the daughter of Mr. Duc, has just spent about 21 billion VND to buy 2 million HAG shares. Mrs. Hoang Anh currently has assets of about 137 billion VND, calculated according to the current market price of HAG shares.