AsemconnectVietnam - On July 3, Masan Consumer Joint Stock Company (Masan Consumer, code MCH - UPCoM) will finalize the list of shareholders to pay the remaining 2023 dividends and collect shareholders' written opinions.

Accordingly, the Company will pay dividends in cash at a rate of 55%, corresponding to shareholders owning 1 share will receive VND5,500. Estimated payment time is July 12.
Previously, in mid-August 2023, Masan Consumer advanced the 2023 cash dividend at a rate of 45%. Thus, the total dividend payment in 2023 is 100%, this number was approved at the recent 2024 Annual General Meeting of Shareholders and far exceeds the usual corporate dividend rate of 45% in cash.
Notably, Masan Consumer will collect shareholders' opinions in writing to approve issues under the authority of the General Meeting of Shareholders, including but not limited to the 2024 dividend advance and other issues under the authority of the General Meeting of Shareholders (if any).
The expected consultation time is July-August 2024, at the Company's headquarters, 23 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City.
Regarding the business plan for 2024, Masan Consumer proposed 2 scenarios, including the base scenario with expected revenue of VND31.5 trillion, an increase of 12% over the same period last year; Profit after tax was VND7.3 trillion, an increase of 1%. In the high case, MCH sets a revenue target of VND34.5 trillion, up 22% over the same period last year; Profit after tax was VND7.5 trillion, an increase of 4%.
Notably, at the recent Congress, MCH submitted to shareholders the 2024 AGM to approve the listing of all outstanding shares on HOSE. The expected listing time has not yet been announced by the company. If this proposal is approved, the registration for trading MCH shares on UPCoM will be canceled within the time limit decided by the Company's Board of Directors.
On the market, temporarily closing the morning session of June 25, MCH shares reversed and corrected slightly after 5 consecutive sessions of prosperity, with a decrease of 0.3% and temporarily stood at VND219,900/share. However, if calculated in the first half of 2024, the market price of MCH shares has increased by more than 150%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan