Saigon Port (SGP) wants to sell more than 5.15 million shares of Vietnam Maritime Bank (MSB)

Accordingly, Saigon Port will offer nearly 5.152 million MSB shares, equivalent to about 0.2% of the bank's charter capital, within 90 days from the date the Board of Directors approves the plan. The transfer will be carried out through periodic or continuous order matching on the HOSE system.

Recently, MSB shares have recorded a positive recovery, returning to the price range before being affected by information related to tariff policies. Since the beginning of 2025, MSB's market price has increased slightly by about 4%, with an average liquidity of nearly 8.1 million shares per session.

According to Saigon Port's first quarter 2025 financial report, the Company recorded the original cost of its investment in MSB at nearly VND22.9 billion. Thus, SGP can earn more than 2.7 times the initial stock purchase value.

Regarding the business situation of Saigon Port, the net revenue of the enterprise in the first quarter of 2025 reached 263 billion VND, a slight increase compared to 260.9 billion VND in the same period last year; however, the Company's after-tax profit increased sharply by 121.1%, reaching 109.6 billion VND.

Of which, the parent company's after-tax profit reached 110.6 billion VND. The main reason was the sharp increase in financial revenue thanks to increased interest on bank deposits, loans, and increased interest on exchange rate differences.

In 2025, Saigon Port plans to achieve revenue of VND1,214 billion, down 12.6% year-on-year; pre-tax profit is expected to be VND316 billion, up 40.8% year-on-year.

Thus, with pre-tax profit in the first quarter of 2025 reaching nearly 122 billion VND, the Company has completed about 39% of the yearly plan.

Source: https://baovanhoa.vn/kinh-te/cang-sai-gon-sgp-muon-ban-hon-515-trieu-co-phieu-hang-hai-viet-nam-msb-145857.html