AIG held its 2025 Annual General Meeting in Ho Chi Minh City on the morning of May 30th
|
Plans for bonus shares and ESOP at a discounted price of VND 10,000/share
AIG’s 2025 Annual General Meeting approved two notable capital increase plans: a 20% bonus share issuance from undistributed post-tax profits and a 5% ESOP program.
Specifically, the company plans to issue over 35.8 million new shares (a ratio of 5:1). However, before the bonus share distribution, AIG will implement the ESOP program, issuing a maximum of over 8.53 million shares at VND 10,000/share – approximately 78% lower than the current market price (VND 46,000/share).
The ESOP recipients include members of the Board of Directors, management, and employees of the parent company and its subsidiaries. The allocation of ESOP shares will be based on work performance and tenure. ESOP shares are subject to a two-year lock-up period. The ESOP program is expected to be implemented in Q2 2025, and the bonus shares will be issued in Q3-Q4 2025. Upon completion, AIG’s charter capital is expected to increase from VND 1,706 billion to nearly VND 2,150 billion.
Ambitious growth and production expansion plans
For 2025, AIG targets revenue of VND 14,800 billion and net profit of VND 799 billion, representing a 19% and 13% increase, respectively, compared to 2024. The company’s growth strategy revolves around improving production efficiency, investing in new product development, optimizing costs, and enhancing human resource quality. Addressing the shareholders at the meeting, AIG’s leadership emphasized: “We have laid the foundation for growth in the past years through production expansion, new customer development, and joint ventures. The upcoming phase will be a period of consolidation and breakthrough.”
With 70% of its revenue currently derived from the manufacturing segment, AIG is aggressively investing in increasing capacity, expanding factories, and securing raw material sources. The company’s management confirmed that production capacity expansion and M&A are strategic priorities for this year.
| AIG’s Annual Financial Results |
AIG’s consolidated financial statements for Q1 2025 showed that the company achieved revenue of over VND 3,349 billion and net profit of VND 211 billion, representing a 16% increase in both metrics compared to the same period last year. These figures represent 23% and 26% of the full-year revenue and profit targets, respectively. The company attributed the improvement to a 12% increase in gross profit due to higher sales, along with significant income allocated from the post-tax profit of GCF (an associated company) – an income stream that did not exist in the previous year.
Regarding GCF Foods JSC (GCF), an associated company in which AIG holds a 44.5% stake, AIG’s management stated that this investment is a long-term strategic move, especially considering the growing consumer trend towards natural and healthy food products. GCF is currently focusing on developing natural ingredient sources to enhance its competitive advantage and ensure a stable supply.
Disclosure of plans to list on the Ho Chi Minh Stock Exchange (HOSE) earlier than expected
Despite only being listed on the UPCoM since November 2024, AIG’s management is considering an early transfer to the HOSE, ahead of the standard two-year waiting period. The timing of the listing will depend on market conditions and the company’s internal readiness. “We have a roadmap in place and are actively preparing to be more proactive in our efforts to transfer to the HOSE,” the company representative stated at the meeting.
Addressing the challenges posed by tax policies
In response to a shareholder’s question about the impact of US-Vietnam tax policies, AIG’s management candidly acknowledged that tariffs pose a significant risk. However, the company has closely monitored the negotiations and proactively adjusted its production and commercial strategies to mitigate potential impacts.
The disclosed strategy includes diversifying export markets, increasing domestic raw material purchases, and tightly controlling supply chain risks. “We focus on balanced production development, coupled with raw material control, to minimize the impact of international trade policies,” AIG’s representative emphasized.
One of AIG’s notable competitive advantages is its impressive list of clients. The company is a trusted supplier to prominent brands such as Vinamilk, TH True Milk, Nutricare, IDP, Nestle, Masan, Friesland Campina, Acecook, Dabaco, Nutifood, and Vifon. As of the end of 2024, AIG’s workforce exceeded 1,300 employees.
Market capitalization witnessed a decline of nearly VND 3,000 billion since the UPCoM listing
AIG debuted on the UPCoM on November 11, 2024, with a reference price of VND 63,000/share, resulting in a market capitalization of over VND 10,700 billion – ranking among the largest F&B companies in the market.
However, the share price underwent a series of sharp adjustments, falling for three consecutive sessions after its debut and reaching a low of below VND 39,000/share in early April 2025 as the market reacted negatively to news about tariffs. Nonetheless, over the past month, AIG’s share price has recovered to the VND 46,000 level, marking a 14% increase from its low, despite persistently low liquidity, with an average daily trading volume of just over 19,400 shares.
| Price Movement of AIG Shares since UPCoM Listing |
– 13:43 06/04/2025
The New Horizon: Proposing a Special Mechanism for the Can Gio International Transit Port Project in Ho Chi Minh City
“Ho Chi Minh City proposes a unique mechanism to retain strategic investors for the Can Gio International Transit Port project. This move tests the waters for the feasibility of Resolution 98, aiming to catalyze the city’s blue economy strategy. A pivotal moment for the city’s maritime ambitions.”
The Inept Bureaucracy: A Tale of Mismanaged Funds and a Mayor’s Shame
“The embarrassment of Ho Chi Minh City’s slow public investment disbursement rate was highlighted by Chairman of the People’s Committee of Ho Chi Minh City, Nguyen Van Duoc. He expressed his shame over the city being reprimanded by the government for three to four consecutive months due to its poor performance in this regard.”
The VNG’s Predicament: Facing Fourth Consecutive Year of Losses, Offers ESOP Shares at a Bargain
After three consecutive years of losses, VNG is planning to continue its losing streak with an expected loss of 561 billion VND in 2025. The company intends to issue 418,807 ESOP shares at a price point a staggering 91% lower than the market value.
What’s Inside the Sky Retreat – The Unique ‘Among the Clouds’ Twin Towers at Eco Retreat?
“Sky Retreat is an innovative concept that seamlessly blends two beloved real estate genres: high-rise living and vibrant commercial spaces. This unique development at Eco Retreat presents a harmonious interplay of residential and retail, creating a compelling and attractive proposition for those seeking a dynamic yet tranquil lifestyle.”
“Chairman Nguyen Van Duoc: Investors Confident in Ho Chi Minh City’s Investment Environment”
“In the first five months of the year, Ho Chi Minh City’s leadership has been in active dialogue with numerous investors. Chairman Nguyen Van Duoc affirmed that these interactions have restored investor confidence in the city’s business environment.”
