“ANV Surges to Near 3-Year High, Rebounding from April’s Slump”

ANV Share Price Rises for 7 Consecutive Sessions – Source: VietstockFinance

As of the closing bell on June 30, ANV’s market price soared to its upper limit of 21,150 VND per share, with a matching volume of nearly 6.6 million shares and a buying queue of over 1.5 million shares at the ceiling price. This is the highest price the stock has reached since September 2022, marking a streak of seven consecutive gaining sessions, including two ceiling-hitting sessions, equivalent to a gain of more than 29% in one week.

The positive momentum followed the US Department of Commerce’s (DOC) official announcement on June 18 of the final results of the 20th period of review (POR20) of the anti-dumping duty on Vietnamese tra fish imported into the US. Navico was among the seven companies subject to a zero percent tax rate for the review period from August 1, 2022, to July 31, 2023.

This decision helped ANV alleviate cost pressures, enhance its competitiveness in the US market, and solidify its position as a leading exporter of Vietnamese tra fish to the world’s largest market.

This news allayed concerns that had weighed on the stock in early April when the US proposed a countervailing duty of up to 46%, causing ANV to plunge to its daily lower limit for four consecutive sessions, losing more than 24% in just one week and hitting a 17-month low of 12,400 VND per share on April 9. Compared to this low, the current market price has surged by 71% in less than three months.

Even during the stock’s steep decline, CEO Doan Toi sent a letter to reassure shareholders, emphasizing ANV’s long-term potential. He highlighted that the US market was no longer Navico’s export focus, as the company was expanding into other markets such as China, the Middle East, Brazil, Asia, and Mexico.

Concurrently, Mr. Toi registered and completed the purchase of 3 million ANV shares from April 11 to 18, increasing his holdings to over 146.6 million shares, equivalent to 54.98% of the company’s capital, solidifying his position as the largest shareholder. This transaction was estimated to be worth nearly VND 45 billion, averaging around VND 14,900 per share.

In contrast to Mr. Toi’s buying activities, his son, Mr. Doan Chi Thanh, Director of Navico’s Business Division, has been consistently selling shares, mostly due to margin calls from securities companies. From mid-April to the present, Mr. Thanh has net sold over 4.7 million shares, reducing his ownership from 12.87% to 11.09%. Most recently, he sold an additional 104,000 shares on June 2, retaining ownership of nearly 29.6 million shares.

Maintaining a 5% cash dividend for the second consecutive year

ANV’s recovery also coincided with the company’s annual general meeting of shareholders for the fiscal year 2025, held on the morning of June 28 in An Giang. At the meeting, Navico approved a revenue plan of VND 6,200-7,000 billion and a pre-tax profit of VND 500 billion for 2025.

In the first quarter, the company recorded net revenue of VND 1,106 billion, up 9% year-on-year. Thanks to a 3% decrease in cost of goods sold, the gross profit margin improved significantly to 20.3%, resulting in a pre-tax profit of VND 144 billion, 4.7 times higher than the same period last year and fulfilling 29% of the annual plan. Net profit also surged nearly eightfold to over VND 132 billion, the highest since the third quarter of 2022.

The general meeting also approved a cash dividend payout of 5% or VND 500 per share for the fiscal year 2024. The total payout amounted to over VND 133 billion, accounting for nearly 98% of the company’s post-reserve profit for 2024, with the remaining amount after payout being less than VND 3 billion.

Navico has a history of consistently paying cash dividends from 2007 to the present, with the sole exception of 2015. After peaking at 20% in 2019, the dividend rate gradually decreased to 10% in the years 2020-2022, and further down to 5% in 2023-2024. However, in late 2024, the company distributed bonus shares at a ratio of 100%, thereby doubling its charter capital to nearly VND 2,667 billion.

By The Manh

– 16:56 30/06/2025

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