Masan is about to receive more than 11,279 billion VND in dividends from the "diamond" Masan Consumer

Masan Consumer will close the right to receive the “huge” dividend this week and pay the money into shareholders’ accounts on October 4. Masan’s “family heirloom diamond” is expected to have an IPO plan in the near future.

Masan Consumer pays additional dividend of 168%

Masan Consumer Goods Joint Stock Company (Masan Consumer, code MCH, UPCoM floor) said that September 26 will be the last registration date for this unit to collect shareholders' opinions in writing, paying 2023 dividends (additional) in cash at a rate of 168%/share (1 share receives 16,800 VND).

The ex-dividend date is September 25 and the dividend will be paid to shareholders on October 4.

With more than 724 million shares in circulation, Masan Consumer is expected to spend nearly VND12,200 billion to pay additional dividends to shareholders. Masan Group (code MSN, HoSE) through its subsidiary MasanConsumerHoldings owns more than 671.4 million MCH shares (92.65%) and will receive VND11,279 billion in dividends.

Previously, Masan Consumer completed the 2023 dividend payments at a rate of 100% in cash. Specifically, the company has advanced VND 3,224 billion, equivalent to 45% in August 2023 and VND 3,946 billion, equivalent to 55% in July 2024. The total dividend in 2023 that shareholders receive from Masan Consumer is 268% with a total amount of VND 19,225 billion, recording the most generous payment to shareholders since listing.

Also in the last days of September, some member units of Masan Consumer paid dividends in cash. Specifically, on September 20, Masan Consumer received about 664.5 billion VND in dividends from VinaCafé Bien Hoa Joint Stock Company (code VCF, HoSE floor). VinaCafé Bien Hoa has only one major shareholder, Masan Beverage LLC - a subsidiary of Masan Consumer with a holding ratio of up to 98.79%/ charter capital (nearly 26.3 million shares). VinaCafé Bien Hoa spent nearly 650 billion VND to pay 2023 dividends to shareholders at a rate of 250%, equivalent to 25,000 VND for each share held.

At the same time, Masan Consumer also received VND5.9 billion in dividends from NET Detergent Joint Stock Company (code NET, HoSE). This unit has finalized the right to pay 2023 cash dividends at a rate of 50% (each share receives VND5,000). The expected payment date is September 27. Masan Consumer, through its subsidiary Masan HPC, holds more than 11.7 million NET shares (equivalent to 52.25% of charter capital).

At the General Shareholders' Meeting in early 2024 of Masan Group (code MSN, HoSE floor), Mr. Nguyen Dang Quang - Chairman of the Board of Directors said that 2024 will be the time when "Masan decides to start the journey of IPO Masan Consumer".

Mr. Danny Le, General Director of Masan Group Corporation, said that the average growth rate of 15% per year over the past 6-7 years of Masan Consumer is the basis when considering the implementation of the above potential IPO plan. In addition to helping raise capital, this CEO expects the offering of Masan Consumer shares will help increase the valuation of shares that are trading below their intrinsic value on the UPCoM exchange.

At the meeting with investors to discuss the business results of the first quarter of 2024, Mr. Danny Le shared about the revaluation of Masan Group through the listing of Masan Consumer. "I can currently say based on our estimates that the IPO of Masan Consumer is the Top 2 issues of Masan Consumer. On UPCoM, MCH shares are currently trading below their intrinsic value. Therefore, I believe that the IPO of Masan Consumer will help increase the valuation of Masan shares," he also emphasized.

On the stock market, MCH shares are trading at around VND209,000/share, up 142% from the end of last year. The company's capitalization is currently nearly VND151,000 billion, ranking among the top large enterprises on the Vietnamese stock market.

Source: https://baodautu.vn/masan-sap-nhan-ve-hon-11279-ty-dong-co-tuc-tu-vien-kim-cuong-masan-consumer-d225590.html