SHB shareholders proposed to find a way to bring shares to above 12,000 or 15,000 VND, what did Chairman Do Quang Hien say?

At this year’s Congress, the issue of stock prices continued to attract the attention of shareholders. In particular, a shareholder raised a question to the bank’s Board of Directors about the fact that even though it is a stock in VN30, SHB’s current price is only 11,100 VND/share, sometimes even below par value. This makes shareholders upset. Therefore, this shareholder requested the board of directors to take specific measures to raise the matched stock price to above 12,000 VND or 15,000 VND.

Responding to this issue, Chairman Do Quang Hien said that regarding stocks, shareholders share that the price is low. However, low or high depends on investors, taste, and choice.

According to Mr. Hien, when investors are interested in investment codes, we must research and evaluate financial indicators and whether the value of the portfolio, both short-term, medium-term and long-term, is sustainable or not? The internal health of the business itself determines the stock. As a shareholder, everyone wants high value.

“But we are proud that SHB is a stock code with continuously leading liquidity value. Right on the Hose floor, we see many people interested,” Chairman Do Quang Hien emphasized: “You will automatically evaluation. Shareholders choose for themselves. With such liquidity, investors’ confidence is great.”

Speaking more about shareholders’ concerns about stock dilution when paying stock dividends, SHB Chairman said: As a banker, in addition to cash dividends, we must improve the health of banks, this is sustainable. Increasing capital also contributes and serves that capital, business investment, development of business investment network, bringing value to the bank. Stock value increased again. Therefore, it is necessary to parallel and prioritize improving the capacity of enterprises. That is SHB’s general and long-term strategic vision.

SHB shares have been approved by the Ho Chi Minh City Stock Exchange. Ho Chi Minh City (HOSE) chose to include the VN30 index in the restructuring period in July 2023. The VN30 index, also known as the basket of blue-chip stocks, represents a group of stocks of large-capitalization enterprises on the market.

Recently, SHB shares have continuously led the market as well as the entire banking industry in terms of transaction volume. Most recently, this stock recorded a matched trading volume of nearly 99 million units in the April 15 session. Previously, SHB shares also reached a record liquidity of more than 127 million units on the session of January 31, 2024.

Shareholders expressing their expectations about the market price of SHB shares did not only appear at this meeting. Previously, at the 2021 Annual General Meeting of Shareholders, some shareholders were happy because the stock price increased sharply in a short time, from 6,000 VND/share to 27,000 VND.

Talking about this issue, at the 2021 General Meeting of Shareholders, Mr. Do Quang Hien said that the bank’s board of directors is only responsible for doing well and managing well so that SHB develops healthily and transparently, investors will analyze and evaluate for themselves. The price, quality of operations, and business value are determined by the stock value. The increase in SHB stock price also shows that it is receiving investment interest, affirming the value of SHB in the present and the future.