On April 17th, Hoa Phat Group (code: HPG) held its 2025 Annual General Meeting of Shareholders, discussing several important matters. Opening the meeting, Chairman of the Board of Directors Tran Dinh Long shared that Hoa Phat currently has over 194,000 shareholders, the highest number on the stock exchange and a record for the company. This year’s AGM also marked the first time that over 1,000 shareholders attended, including those present and those represented by proxies.
For 2025, Hoa Phat proposes an ambitious business plan targeting a revenue of VND 170,000 billion, approximately a 21% increase compared to the previous year, and the highest target in the company’s history. The after-tax profit goal is set at VND 15,000 billion, a nearly 25% rise from the 2024 performance.
Notably, before the AGM, Hoa Phat unexpectedly changed its dividend payment plan for 2024. Instead of the initial plan of a 5% cash dividend and a 15% stock dividend, the company now intends to distribute a 20% stock dividend. This decision was made due to the developments in the import tax policies of the Donald Trump administration and out of caution to ensure sufficient cash flow.
In the recently published annual report, Chairman Tran Dinh Long shared that HPG is focusing on producing high-quality steel to replace imports. Hoa Phat is confident in its capability to manufacture rail steel, steel for train wheels and high-speed trains as per the government’s orders, as well as high-quality steel for key national projects and exports.
The company is channeling all its resources to complete the Hoa Phat Dung Quat 2 Integrated Steel Complex project this year, laying the foundation for double-digit growth in the following years. Hoa Phat aims to develop technically advanced products and optimize the value of its closed-loop production chain. With the completion of the Hoa Phat Dung Quat 2 project, the company’s steel production capacity will reach 15 million tons per year.
“MB’s Strategic Initiatives: Divesting from MCredit and MBCambodia, Distributing 35% Dividends, and Investing up to VND 5,000 Billion in MBV”
At the 2025 Annual General Meeting, MB will propose a cash dividend plan of 3% and a stock dividend of 32%. The bank also seeks shareholder approval for a change in ownership structure, which will result in MBCambodia and MCredit no longer being subsidiaries of MB. Additionally, the bank plans to invest up to VND 5,000 billion in MBV.
The Stock Market Wrestler: How Mai Phương Thúy Turned a Tidy Profit of 1.5 Billion VND Overnight by Grappling with Billionaire Trần Đình Long’s Shares.
Yesterday, former Miss Vietnam Mai Phương Thúy took to Facebook to share her recent investment move. In her post, she revealed that she had purchased one million shares of Hoa Phat Group (HPG) at the floor price. Her exact words were: “Struggled all day just to buy one million HPG shares at the floor price.”
The Retail Chain’s 8-Year Journey from Losses to Dominance in Central Vietnam: Billionaire Nguyen Duc Tai’s Strategy for Expansion.
The billionaire Nguyen Duc Tai and his ambitious plan for the Trung Tien chain of stores, Bach Hoa Xanh, have successfully brought money home to mothers across the nation. Now, the focus shifts to tackling the intricate challenges of consumer habits and logistics.
The Steel Titan: HPG Targets Record Revenue of VND 170,000 Billion, Aims for 20% Dividend Payout in 2024
The projected dividend yield for 2025 is also 20%.
Market Beat 24/02: VN-Index Surges Past 1,300 Points as Trading Volume Improves
The market closed with strong gains, seeing the VN-Index climb 7.81 points (+0.6%), to finish at 1,304.56; while the HNX-Index rose 0.92 points (+0.39%) to 238.49. It was a relatively balanced session, with 377 advancing stocks against 373 declining ones. The large-cap VN30 basket tilted positively, as 21 stocks added value, 6 declined, and 3 were unchanged, ending the day in the green.
