More than 4.000 billion VND of ACB shares changed hands in the March 22 session
About 145 million ACB shares were traded through put-through in the first 7 minutes of the session, equivalent to a value of more than 4.000 billion VND, accounting for 80% of the total put-through liquidity on the Ho Chi Minh City Stock Exchange (HoSE) on March 22.
During the last trading session of the week, the transaction value by agreement method on HoSE increased suddenly to 5.470 billion VND, double the previous sessions. Of this number, the stock agreement liquidity of Asia Commercial Joint Stock Bank (stock code: ACB) accounts for 4.019 billion VND.
Most of the put-through orders for large amounts of ACB shares were executed in the morning session, when the market had just opened. Specifically, in the first 7 minutes of the March 22 trading session, up to 3 put-through orders were successfully recorded with a total volume of about 12 million units, equivalent to 145% of the bank's shares. This is in circulation. All were transferred at the price of 3,7 VND per share, equivalent to a transaction value of 27.650 billion VND.
In the afternoon session, a number of other ACB put-through orders were executed but with not large volume. The total added value of these transactions is only about 10 billion VND.
On the matching order floor, ACB shares today closed at 28.150 VND, up 0,5% compared to the reference. The successful matching volume reached 22,6 million shares, equivalent to a transaction value of 643 billion VND.
 |
| Many put-through orders for ACB shares were recorded in the morning session of March 22. |
Currently, information about investors who both sold and bought a large amount of ACB shares in the March 22 session has not been announced. However, many experts believe that these transactions were carried out by foreign investors through previous investment funds CVC Capital Partners (CVC) disclosed to Reuters that it is considering selling a large amount of ACB shares when receiving offers from potential buyers, including Japanese partners. Currently, ACB's foreign ownership ratio reaches a maximum of 30%, so the only way for foreign investors to own a large amount of shares is to have another foreign investor sell it.
The last time ACB recorded a large number of shares being transferred was on August 7, 8 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 ownership from 6,92% to 3,8 %, corresponding to the remaining holdings of 147,77 million units. The agreement value in this session reached more than 3.200 billion VND.
This year, ACB set a pre-tax profit target of VND 2024 billion in 22.000, an increase of 10% compared to the previous year. Total target assets increased by 12% to VND 805.050 billion. Customer deposits and valuable papers increased by 11% to VND 593.779 billion. Outstanding customer loans increased by 14% to VND 555.866 billion. Bad debt ratio controlled below 2%.
Regarding the profit distribution plan, ACB plans to pay dividends in cash at a rate of 10% and in shares at a rate of 15% this year. The bank's current charter capital is 38.840 billion VND and is expected to increase to 44.666 billion VND after distributing stock dividends.
