More than 4,000 billion VND of ACB shares were transferred by agreement in the session of March 22.

About 145 million ACB shares were traded in the first 7 minutes of the session, equivalent to a value of more than VND4,000 billion, accounting for 80% of total negotiated liquidity on the Ho Chi Minh City Stock Exchange (HoSE) on March 22.

In the last trading session of the week, the transaction value by negotiation method on HoSE increased dramatically to 5,470 billion VND, double the previous sessions. Of this, the liquidity of negotiated shares of Asia Commercial Joint Stock Bank (stock code: ACB) accounted for 4,019 billion VND.

The large volume of ACB shares negotiated orders were mostly executed in the morning session, when the market had just opened. Specifically, in the first 7 minutes of the trading session on March 22, 12 successful negotiated orders for these shares were recorded with a total volume of about 145 million units, equivalent to 3.7% of the bank's outstanding shares. All were transferred at a price of VND27,650 per share, equivalent to a transaction value of VND4,009 billion.

In the afternoon session, some other ACB agreement orders were executed but with small volume. The total added value of these transactions was only about 10 billion VND.

On the order matching floor, ACB shares closed today at VND28,150, up 0.5% compared to the reference. The successful order matching volume reached 22.6 million shares, equivalent to a transaction value of VND643 billion.

Many ACB stock deal orders were recorded in the morning session of March 22.

Information about the investors who sold and bought a large amount of ACB shares on March 22 has not been disclosed. However, it is likely that these transactions were made by foreign investors because previously, investment fund CVC Capital Partners (CVC) revealed to Reuters that it was considering selling a large amount of ACB shares when receiving offers from potential buyers, including Japanese partners. Currently, ACB's foreign ownership ratio is at a maximum of 30%, so the only way for foreign investors to own a large amount of shares is for another foreign investor to sell.

The last time ACB recorded a large amount of shares being transferred was on August 7, 2023, when Dragon Financial Holdings Limited - a foreign fund owned by Vietnam Enterprise Investment Limited (VEIL - a member managed by Dragon Capital) sold 120.98 million shares to reduce its ownership ratio from 6.92% to 3.8%, equivalent to the remaining holding of 147.77 million units. The deal value in this session reached more than VND 3,200 billion.

This year, ACB targets pre-tax profit in 2024 at VND22,000 billion, up 10% over the previous year. Total assets are targeted to increase by 12% to VND805,050 billion. Customer deposits and valuable papers increase by 11% to VND593,779 billion. Outstanding customer loans increase by 14% to VND555,866 billion. The bad debt ratio is controlled below 2%.

Regarding the profit distribution plan, ACB plans to pay a cash dividend of 10% and a stock dividend of 15% this year. The bank's current charter capital is VND38,840 billion and is expected to increase to VND44,666 billion after paying stock dividends.

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