At this year’s annual general meeting, concerns over share prices continue to attract the attention of shareholders. Specifically, a shareholder questioned the Bank’s management about why SHB shares, despite being included in the VN30 index, are currently only priced at VND 11,100 per share. As such, this shareholder requested that the management team implement specific measures to push the share price up to VND 12,000 or VND 15,000.
In response to this inquiry, Mr. Do Quang Hien, Chairman of SHB, stated that while shareholders may deem the current share prices to be low, their value is ultimately determined by investors, their preferences, and their choices.
According to Mr. Hien, “When investors show interest in an investment code, we must thoroughly evaluate financial indicators alongside the short-, medium-, and long-term viability of the portfolio. The intrinsic financial health of the enterprise is what drives share value. As shareholders, we all desire higher values.”
“However, we are proud that SHB is a continuously liquid stock with leading value. Right on the HoSE, we see that many people are interested in it,” emphasized Chairman Do Quang Hien. “You will assess independently. Shareholders choose for themselves. Such liquidity demonstrates the immense confidence of investors.”
Regarding concerns over share dilution due to stock dividends, Mr. Hien explained that, as the owner of the bank, in addition to cash dividends, enhancing the bank’s financial health is a sustainable strategy. Raising capital also contributes to and serves the purpose of capital, business investment, network development, and overall business investment, thereby increasing the bank’s value and, subsequently, the share price. Therefore, the dual focus on increasing the company’s capacity must be prioritized. This is SHB’s general and long-term strategic vision.
SHB Chairman Do Quang Hien at the 2024 Annual General Meeting
SHB shares were selected by the Ho Chi Minh City Stock Exchange (HOSE) to be included in the VN30 Index during the restructuring period in July 2023. Also known as the bluechip stock basket, the VN30 Index comprises stocks of large-cap companies on the market.
In recent times, SHB shares have continuously led the market as well as the entire banking sector in trading volume. Most recently, this stock recorded a matched trading volume of up to nearly 99 million units in the April 15 session. Prior to that, SHB shares reached a record liquidity of over 127 million units in the January 31, 2024 session.
Shareholders’ expectations regarding the market price of SHB shares were not only expressed at this recent meeting. Previously, at the 2021 annual general meeting, several shareholders expressed their delight at the sharp increase in share prices over a short period, from VND 6,000 per share to around VND 27,000.
Speaking about this issue at the 2021 AGM, Mr. Do Quang Hien stated that the bank’s management is responsible for performing well and driving transparent and healthy growth at SHB. Investors will independently analyze and evaluate the quality and effectiveness of operations, while the value of the company will ultimately determine the share price. The increase in SHB’s share price also reflects the investment interest and affirms SHB’s value in both the present and the future.
