Specifically, due to unfavorable market conditions for the previous “missed” buying spree from January 17 to February 15, the foreign fund Platinum Victory Pte. Ltd (Singapore) continues to register to buy nearly 20.9 million VNM shares from February 21 to March 21, 2024, through agreement or matching orders.
Currently, Platinum Victory Pte. Ltd owns nearly 221.9 million shares, accounting for 10.62% of VNM’s capital. If the transaction is successful, this foreign fund will increase its ownership to 242.7 million shares, equivalent to 11.62%.
Previously, another foreign fund, F&N Dairy Investments Pte Ltd (Singapore), also failed to purchase any VNM shares out of the registered 20.9 million shares from January 9 to February 7, 2024, due to unfavorable market conditions.
Similar to Platinum Victory Pte. Ltd, F&N Dairy Investments Pte Ltd continues to purchase the previously registered nearly 20.9 million shares from February 19 to March 19, 2024, through agreement and matching orders for investment purposes.
If the transaction is successful, F&N Dairy Investments Pte Ltd will increase its ownership from over 369.7 million shares (17.69%) to over 390.6 million shares (18.69%) in VNM.
At the end of February 16 session, VNM’s stock price closed at 70,000 VND/share, an increase of nearly 4% compared to the beginning of 2024. Based on this price level, both Platinum Victory Pte. Ltd and F&N Dairy Investments Pte Ltd would need approximately 1,463 billion VND for each deal.
| VNM’s stock price movement since the beginning of 2024 |
Regarding shareholder structure, as of the end of 2023, State Capital Investment Corporation (SCIC) is the largest shareholder, owning over 752 million shares (36%), followed by F&N Dairy Investments Pte Ltd (17.69%) and Platinum Victory Pte. Ltd (10.62%) ranking third.
Source: VietstockFinance
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In terms of business results, at the end of 2023, Vinamilk recorded nearly 60.369 trillion VND in net revenue and 8.874 trillion VND in net profit, an increase of 1% and 4% respectively compared to 2022. Compared to the plan, VNM achieved 98% of the revenue target, while exceeding the net profit target by 4% for the whole year.
