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The April 26 trading session was tense during the trading day before the April 30 – May 1 holiday. Closing, the VN-Index increased slightly by 4.5 points to 1,209 points. Cash flow continues to be cautious before the long holiday when the matched order value on HOSE only reached over 14,000 billion VND. HNX-Index decreased slightly by 0.33% to 226.82 points; UPCoM – Index increased to 88.76 points.
As a pillar group of the market, banking stocks today had mixed movements with 14 stocks increasing, 7 stocks decreasing and 6 stocks remaining unchanged at the reference price.
In particular, some stocks fluctuated strongly when today there were 6 banks holding the 2024 annual shareholders’ meeting, including Sacombank, HDBank, Eximbank, Kienlongbank, VietBank and VietABank.
Specifically, VietBank’s VBB shares suddenly increased to the ceiling by more than 14.4% to 11,100 VND/share. VietBank shares increased sharply when the bank held its 2024 Annual General Meeting of Shareholders this morning. At the congress, VietBank submitted to shareholders for approval its 2023 dividend plan in shares at a rate of 25%. In addition, VietBank also asked for shareholders’ opinions on a number of other important issues such as the Report on building a restructuring plan associated with handling bad debts for the 2021-2025 period of VietBank, and the Report on activities of the Board of Directors and Supervisory Board. , Executive Board,…
HDBank’s HDB shares also increased sharply by 4.9% when the bank held its 2024 annual general meeting of shareholders this morning, April 26.
At the meeting, HDBank shareholders approved a 30% dividend payment plan, of which 10% is in cash and 20% is in stocks. With the above payout level, HDBank is a rare bank that can maintain high dividends for many years in a row. In addition, the bank’s board of directors also revealed business results for the first quarter of 2024 with a profit of more than 4,000 billion, a sharp increase compared to the same period last year, ensuring compliance with the set schedule and creating confidence for shareholders. winter.
Speaking at the congress, Mr. Petri Deryng, Director of PYN Elite Investment Fund, said that his fund invests in many HDBanks, but bank stocks are not being valued at their true value and are still at a low level. . He added that the market value does not reflect the true value of stocks like HDB, like what HDBank is bringing. Director of PYN Elite Investment Fund believes that HDB shares have a lot of potential to increase further.
Shares of VAB of VietABank and KLB of Kienlongbank also increased by 3.5% and 2.8%, respectively, on the day of the shareholders’ meeting.
In addition to the above codes, Saigonbank’s SGB shares also recorded positive developments when they increased by nearly 5.3% to 14,000 VND/share. Previously, Saigonbank held the 2024 Annual General Meeting of Shareholders on the morning of April 25. At the congress, Mr. Vu Quang Lam, Chairman of the Board of Directors of Saigonbank, said that the bank will submit to the nearest extraordinary shareholder to decide on the share dividend rate. If there is no change, the expected dividend rate is 8%. . Thus, shareholders will have 2 consecutive dividends.
Recently, Saigonbank has completed registration procedures with Vietnam Securities Depository and Clearing Corporation, the last registration date to pay stock dividends at a rate of 10% is April 25, 2024. .
SHB also increased impressively in today’s session, after holding its annual General Meeting of Shareholders yesterday, April 25. At the meeting, SHB shareholders approved the 2023 dividend payment plan at a rate of 16%, of which 5% is in cash and 11% is in shares. This is the first time in more than 10 years that SHB has paid cash dividends to shareholders.
Sharing at the congress, SHB General Director Ngo Thu Ha announced that pre-tax profit in the first quarter of 2024 reached more than 4,017 billion VND, fulfilling 35% of the year plan. This is the highest first quarter profit in SHB’s operating history. In 2024, this bank sets a profit target of VND 11,286 billion, 22% higher than the previous year.
On the contrary, STB dropped the most in the banking industry, losing nearly 0.9% of its value in the context that this bank successfully organized the 2024 Annual General Meeting of Shareholders this morning, April 26.
BID and CTG also decreased by 0.8% and 0.6%, respectively. Both BIDV and VietinBank plan to hold the 2024 Annual General Meeting of Shareholders tomorrow morning, April 27.
