On March 27, VCF shares of the Joint Stock Company Vinacafe Bien Hoa increased its limit to 238,500 VND despite the general red market and the VN-Index and HNX-Index falling simultaneously. Vinacafe Bien Hoa shares - a member of Masan Group - went against the market trend but still not enough to increase the assets of billionaire Nguyen Dang Quang - Chairman of Masan.
VCF shares of Vinacafé Bien Hoa in the Masan ecosystem hit the ceiling but the assets of billionaire Nguyen Dang Quang - Chairman of Masan did not increase.
PHOTO: NGOC THANG
VCF shares are surging because the company has just announced documents for the 2025 Annual General Meeting of Shareholders with many positive scenarios. Specifically, VCF has built two business plan scenarios for 2025 based on the assessment that the world economy and Vietnam still face many unpredictable challenges, and green coffee prices continue to increase and fluctuate abnormally. With a cautious scenario, VCF targets net revenue of VND2,700 billion and after-tax profit of VND470 billion, respectively increasing 5.6% and 5.4% compared to 2024. With a more positive scenario, VCF plans to increase net revenue by 15% to VND2,950 billion and after-tax profit by 16% to VND516 billion.
In addition, the company proposed a 2024 dividend payment plan at a rate of 480% (that is, shareholders owning 1 share will receive 48,000 VND). The amount paid to shareholders is equivalent to nearly 1,300 billion VND. The payment period is within 6 months from the date of approval by the General Meeting of Shareholders. Vinacafé Bien Hoa is a company that often pays dividends at extremely high levels, the highest dividend rate that the company pays is 660% (every 1 share receives 66,000 VND). However, most of the money will flow to the parent company, Masan Beverage LLC, which is related to Masan Group. With this dividend payment, it is expected that Masan Beverage LLC will receive about 1,260 billion VND.
Although the shares of the related company hit the ceiling, the assets of billionaire Nguyen Dang Quang, Chairman of Masan Group, did not increase. According to Forbes statistics as of March 27, the assets of this billionaire remained at 1 billion USD as at the beginning of this year. Mr. Nguyen Dang Quang ranked last in the list of 5 USD billionaires of Vietnam in the ranking of the richest people in the world voted by Forbes. Meanwhile, the leader of the list of USD billionaires of Vietnam, billionaire Pham Nhat Vuong, had his assets increased by 3.3 billion USD compared to the beginning of the year, to 7.4 billion USD.
Source: https://thanhnien.vn/co-phieu-vinacafe-bien-hoa-len-kich-tran-tai-san-ti-phu-nguyen-dang-quang-chua-tang-185250327162440133.htm
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