Foreign investors, Dragon Capital, recently reduced their stake in Khang Dien House Trading and Investment Joint Stock Company (KDH on the HoSE). On June 9, 2025, Dragon Capital sold a total of 1.1 million KDH shares through three of its member funds.
Hanoi Investment Holdings Limited sold 400,000 shares, Norges Bank sold 400,000 shares, and Vietnam Enterprise Investments Limited sold 300,000 shares. Following this transaction, Dragon Capital’s holdings decreased from nearly 91.9 million shares to approximately 90.8 million shares, reducing their ownership stake in Khang Dien House from 9.0853% to 8.9765%.
Illustrative image
Based on the closing price of KDH shares on June 9, 2025, of VND 29,850 per share, Dragon Capital is estimated to have earned more than VND 32.8 billion from this sale.
In a related note, two funds managed by VinaCapital previously registered to purchase KDH shares for portfolio restructuring purposes between April 17, 2025, and May 16, 2025. However, due to unfavorable market conditions, they only acquired a portion of their intended purchases during this period.
The Market Access Vietnam Equity Fund bought 130,500 shares, increasing its ownership in Khang Dien House to 0.162% (over 1.6 million shares). Meanwhile, the VinaCapital Vietnam Modern Dynamic Equity Fund purchased 140,000 shares, raising its stake to 0.1622% (approximately 1.64 million shares).
In terms of business performance, Khang Dien House reported impressive results for the first quarter of 2025. Consolidated financial statements showed a 112.6% year-over-year increase in revenue, totaling nearly VND 709.9 billion. After deducting taxes and expenses, the company’s net profit reached nearly VND 118.7 billion, an increase of 85.5%.
As of March 31, 2025, the company’s total assets amounted to over VND 30,201.7 billion, a slight decrease of 1.8% from the beginning of the year. Inventory accounted for VND 22,404.5 billion, representing 74.2% of total assets.
On the liabilities side, total payables stood at VND 10,633.6 billion, a reduction of 5.9% compared to the beginning of the year. Short-term and long-term borrowings totaled VND 7,399.9 billion, making up 69.6% of total debt.
Dragon Capital Aggressively Purchases an Additional 5.37 Million Vinhomes Shares Amidst a 30% Stock Price Surge
In a one-month period, the two funds collectively purchased nearly 5.37 million VHM shares. This strategic move has had a positive impact on the funds’ investment performance, as VHM shares have witnessed a significant surge in value over the past months.
A High-Yielding Dividend of 23% on Offer from Port Company
This is the highest cash dividend ratio in the past 4 years. The company expects to spend around VND 46 billion on shareholder payments.
Stifled by Land Procedures, Businesses Scrap Plans
The process of dissolving a business in Ho Chi Minh City has been fraught with challenges, according to the local business association. The procedure is often time-consuming, especially for those businesses deemed to pose tax risks, resulting in a peculiar predicament where businesses are “dead but cannot be buried.”
“FRT to Release Over 34 Million Shares in Dividend Payout: A Transformative Move for the Company’s Capital Structure.”
On June 06, the Board of Directors of FPT Digital Retail Joint Stock Company (HOSE: FRT) resolved to issue over 34 million shares as a dividend payout for the year 2024, amounting to a value of over VND 340 billion. This move will increase the company’s charter capital to over VND 1,703 billion.
The Novaland Subsidiary Defaults on Over VND 2,172 Billion in Bond Principal and Interest Payments
Unfortunately, No Va Thao Dien, a subsidiary of Novaland, has been unable to secure the necessary funds to repay over VND 2,172.2 billion in principal and interest on its NTDCH2227001 bond issue.
