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

VHO - The Board of Directors of Saigon Port Joint Stock Company (stock code: SGP) has just announced information on approving the plan to transfer investment capital at Vietnam Maritime Commercial Joint Stock Bank (stock code: MSB).

Saigon Port will offer nearly 5.152 million MSB shares. Illustrative photo

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 VND 22.9 billion. Thus, SGP can earn more than 2.7 times the initial stock purchase value.

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

Of which, the parent company's after-tax profit reached VND110.6 billion. The main reason was that financial revenue increased sharply thanks to increased interest on bank deposits, loans, and increased interest on exchange rate differences.

In 2025, Saigon Port plans to achieve revenue of VND 1,214 billion, down 12.6% year-on-year; pre-tax profit is expected to be VND 316 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