On August 16, Vietcap Securities Joint Stock Company (code: VCI) will finalize the list of shareholders for the first 2024 cash dividend payment at a 4% ratio, meaning that for each share owned, shareholders will receive VND 400 in dividend.
With 441.9 million circulating shares, VCI is expected to spend approximately VND 177 billion on dividend payments. The payment will be made on August 30.
VCI is the first securities company to distribute cash dividends to shareholders in 2024.
Following this cash dividend payment, VCI also plans to increase its charter capital by issuing bonus shares from owner equity. Specifically, Vietcap intends to issue nearly 133 million bonus shares at a ratio of 10:3 (equivalent to 30%), meaning that for each share owned, shareholders will receive 1 right, and for every 10 rights, they will receive 3 additional shares. The issuance is expected to take place in the third or fourth quarter of 2024.
After this capital increase, Vietcap’s charter capital will rise from VND 4,419 billion to over VND 5,700 billion.
Furthermore, VCI also plans to privately offer nearly 144 million shares to domestic and foreign investors with strong financial capabilities and professional securities investors this year, after completing the issuance of shares under the employee stock ownership plan and the issuance of bonus shares. The offering price will not be lower than VND 16,849 per share, equivalent to a minimum amount of VND 2,420 billion.
In terms of business results, in the second quarter of 2024, Vietcap Securities reported a strong growth in net profit, doubling the figure from the same period last year to reach VND 344 billion. For the first half of 2024, Vietcap’s pre-tax profit was VND 571 billion, up 170% year-on-year. As of the end of June 2024, the company’s margin loan balance stood at VND 7,947 billion, a slight decrease of 1% from the beginning of the year.
For the full year 2024, Vietcap has set a target of VND 2,511 billion in revenue and VND 700 billion in pre-tax profit, representing a 2% and 23% increase, respectively, compared to the previous year. Thus, after the first half, the company has achieved 81% of its profit target.
On the stock market, VCI shares closed at VND 40,800 per share on August 5.
