VCF - shares of Vinacafé Bien Hoa Joint Stock Company with the highest market price on the Ho Chi Minh City Stock Exchange - are having a series of two consecutive ceiling increases after the management board plans to pay cash dividends at a rate of 250%. .
Shares of Vinacafé Bien Hoa Joint Stock Company (stock code: VCF) closed the trading session on March 26 at 3 VND, an increase of 217.500 VND, or 14.200% compared to the reference. This is the second consecutive ceiling increase session, bringing this stock's market price to a one-year peak to consolidate its leading position in market price on the Ho Chi Minh City floor. VCF's market price is currently far ahead of the 7 VND level of the stock ranked next, FRT.
Before this series of increases, VCF shares had a relatively gloomy trading status. Last week, this stock had 4 sessions without recording any successful transactions and the market price remained unchanged at 190.000 VND.
The new upward momentum was triggered immediately after the company's Board of Directors announced the annual general meeting of shareholders, including content on the distribution of after-tax profits. Specifically, the company said that its current undistributed after-tax profit is VND 1.603 billion. The company plans to not deduct bonus and welfare funds but will pay dividends in 2023 at a rate of 250% (ie each share receives 25.000 VND). Payment time is within 6 months from the date of approval by the general meeting of shareholders. With more than 26,5 million listed shares, it is estimated that the company will spend 664 billion VND to pay dividends.
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| Graph of VCF stock price and liquidity within one year. |
Strong fluctuations in market price but VCF stock liquidity has not improved much. The two most recent trading sessions, March 25 and March 3, recorded a trading volume of 26 shares and 3 shares, respectively. This stems from the fact that 3.900% of the company's capital is owned by Masan Beverage Company Limited - a member of Masan Group (stock code: MSN). Currently, the volume belonging to small shareholders is only about 900 shares.
The 14,4% price increase after two sessions helped Vinacafé Bien Hoa's market capitalization increase from VND 5.050 billion to VND 5.780 billion. However, this number is still relatively far behind compared to the beginning of 2022 when the company's market capitalization at that time reached VND 7.176 billion.
This year, Vinacafé Bien Hoa's board of directors believes that the world and domestic economies this year will still have many difficulties, plus the price of Robusta coffee beans continues to increase unusually high, so business goals are set quite cautiously. Specifically, the planned net revenue and profit after tax are low at VND 2.500 billion and VND 470 billion, respectively, an increase of VND 147 billion and VND 20 billion compared to last year's reality. In a more optimistic plan, the company expects net revenue to reach 2.800 billion VND and profit after tax to reach 500 billion VND.
