The completion rate is 35%, equivalent to shareholders owning 1 share will receive 3,500 VND. With over 11.9 million shares in circulation, HGM is estimated to spend nearly 42 billion VND for this dividend payment. The payment will be made on March 25, 2024.
Prior to this, HGM implemented dividend payment for the first phase at the end of December 2023 with a rate of 10%. Therefore, the total amount for both dividend payments in 2023 by HGM is estimated to be around 54 billion VND, with a total rate of 45%.
As of the end of 2023, State Capital Investment Corporation (SCIC) is the largest shareholder, owning nearly 5.9 million shares, equivalent to 46.6%, estimated to earn over 20 billion VND from this second dividend payment.
In the fourth quarter of 2023, HGM achieved revenue of nearly 28 billion VND and net profit of over 6 billion VND, both decreased by 45% compared to the same period.
Accumulated throughout 2023, HGM achieved revenue of nearly 176 billion VND, a decrease of 13%; while net profit was nearly 55 billion VND, a slight increase of 1% compared to 2022.
 Source: VietstockFinance
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In terms of capital, as of December 31, 2023, HGM’s total assets reached nearly 239 billion VND, an increase of 11% compared to the beginning of the year and mostly concentrated in short-term assets with 169 billion VND, accounting for 71%. Among them, HGM has a total of 120 billion VND deposited in commercial banks, accounting for 50% of total assets, including 22 billion VND in foreign currency (USD) and 100 billion VND from short-term financial investments.
Inventory is 35 billion VND, a decrease of 12%; meanwhile, unfinished construction costs decreased significantly by 89%, remaining only over 1 billion VND.
HGM’s total debt to be paid is still over 41 billion VND, an increase of 23% compared to the beginning of the year. The company does not have any financial borrowing.
In the stock market, as of February 7, the stock price of HGM closed at 49,800 VND/share, an increase of 38% compared to the beginning of 2024, with low liquidity of only 404 shares/ session.
| Price movement of HGM shares since the beginning of 2024 |
