Yen Bai Forestry and Foodstuff Joint Stock Company (code CAP) will close the list of shareholders to pay dividends for the year 2022-2023 at a rate of 100% on March 19. Accordingly, the company will pay a 50% dividend in cash, equivalent to shareholders owning 1 share will receive 5,000 VND, the expected payment date is May 30.

In addition, CAP plans to issue more than 5 million shares to pay dividends to existing shareholders at a rate of 50%, equivalent to shareholders owning 100 shares will receive 50 new shares.

With the large amount of shares he is holding, Mr. Truong Ngoc Bien, Chairman of the Board of Directors, can receive 14.3 billion VND in cash and own more than 1.4 million CAP shares.

Yen Bai Agricultural Products and Foodstuffs was established in 1972, with a charter capital of over 100 billion VND. This is also one of the few enterprises paying huge dividends on the stock exchange.

In the fiscal year 2022-2023 (from October 1, 2022 to September 30, 2023), the company recorded revenue of VND 611 billion, profit after tax of VND 114 billion. The paper and votive paper segments brought in VND 191 billion and VND 68 billion, respectively. Another segment with large revenue for CAP is cassava starch with VND 404 billion.

Compared to many large enterprises such as Hoa Phat (HPG) of billionaire Tran Dinh Long, Techcombank (TCB) of billionaire Ho Hung Anh, Masan (MSN) of billionaire Nguyen Dang Quang,... CAP's stock price is higher. Closing the session on March 13, CAP shares were at VND99,700/share.

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Gold votive paper business on the floor. Photo: Minh Hoang

On the stock market, many other small businesses pay huge dividends, such as Western Bus Station Joint Stock Company (code WCS), which has temporarily paid a cash dividend for 2023 at a rate of 144%, equivalent to each share receiving VND 14,400, higher than the par value of VND 10,000/share. Or Son La Sugarcane (SLS) once paid a dividend of 150% (1 share received VND 15,000).

Meanwhile, many large enterprises pay very low dividends, owe dividends, and even do not pay dividends for many years. Song Da Urban and Industrial Park Development Investment Joint Stock Company - Sudico (SJS) announced to postpone the payment of cash dividends for the years 2016-2017 to December 31, 2024 due to the lack of financial resources. Song Da 9 Joint Stock Company (SD9) owes dividends for many years, this is the 8th time this enterprise has postponed the 2017 dividend payment schedule. Techcombank (TCB) of billionaire Ho Hung Anh has not paid dividends for many years.

Listed company news

The stock market has a number of other important events of listed companies.

* FPT : FPT Corporation decided to appoint Mr. Pham Minh Tuan as Deputy General Director from March 13. At the same time, Mr. Tuan will continue to hold the role of General Director of FPT Software, a member company of FPT.

* GMD : Gemadept Corporation approved the plan to issue more than 4.58 million ESOP shares, at a price of VND 10,000/share.

* HAX : Hang Xanh Auto Service Joint Stock Company (Haxaco) plans to achieve consolidated pre-tax profit of VND 200 billion in 2024, more than 4 times higher than last year's performance (VND 48.1 billion).

* VRC : VRC Real Estate and Investment JSC explains why its shares hit the ceiling for 5 consecutive sessions from March 6 to 12, due to objective developments and dependence on supply and demand of the stock market. Investors' trading decisions on VRC shares are beyond the company's control.

* ABB : Mr. Nguyen Danh Luong, member of the Board of Directors of An Binh Commercial Joint Stock Bank, bought 100,000 shares. Trading period from March 4 to March 6. Mr. Luong is holding 465,382 shares, accounting for 0.04%.

* NLG : Tan Hiep Investment Company Limited, a shareholder of Nam Long Investment JSC, sold all of its more than 1.7 million shares on March 12.

* EVS: Mr. Nguyen Thanh Chung, member of the Board of Directors of Everest Securities JSC, sold 200,000 shares from March 1 to March 8.

* DHT: Aska Pharmaceutical Co., Ltd, a major shareholder of Ha Tay Pharmaceutical JSC, bought more than 1.08 million shares from February 27 to March 5. This organization is holding more than 28.81 million shares, accounting for 34.99%.

* SIP : Ms. Huynh Ngoc Nhu, Head of the Board of Supervisors of Saigon VRG Investment JSC, sold 100,000 shares from February 15 to March 11 by order matching method.

VN-Index

At the end of the session on March 13, VN-Index increased by 25.51 points (+2.05%), to 1,270.51 points. HNX-Index increased by 4.17 points (+1.78%), to 238.2 points. UPCoM-Index increased by 0.76 points (+0.84%), to 91.53 points.

According to SHS Securities, from a short-term perspective, the strong recovery session and return to the short-term peak after two strong correction sessions opens up the possibility that the VN-Index can continue to increase in the coming sessions towards the strong resistance level of 1,300 points.

SHS still maintains the view that after the excitement ends, the VN-Index will correct back within the price channel of 1,150-1,250 points, because the accumulation foundation that is the basis for the uptrend has not formed enough reliability.

Yuanta Vietnam Company believes that the market may continue to increase in the next session, but the VN-Index may retest the 1,268 point level.

At the same time, the market may continue to be differentiated during this period when the large-cap group may continue to experience corrections in the coming session, while the mid- and small-cap groups are entering a period of strong fluctuations in a positive direction. In addition, the short-term sentiment indicator has increased sharply again, showing that investors are optimistic again.

Vietcombank Securities (VCBS) recommends that investors apply the T+ swing trading strategy to stocks in industries that attract good cash flow and stable liquidity growth. Notable industries include securities, real estate, banking, and retail.