AsemconnectVietnam - On June 25, 2024, Ho Chi Minh City Stock Exchange (HOSE) held a Decision Award Ceremony and celebrated the official trading day of MCM shares of Moc Chau Dairy Cattle Breeding Joint Stock Company.

Moc Chau Dairy Cow Breed Joint Stock Company (Moc Chau Milk) officially put 110,000,000 shares with the stock code MCM into trading at the Ho Chi Minh City Stock Exchange, with the reference price listed on the trading day. The first transaction is VND42,800/share, equivalent to a valuation of about VND4,700 billion.
In particular, in the first trading session on HOSE, MCM shares will have a amplitude of 20% and subsequent sessions will have a amplitude of 7%.
In the past year, in addition to macroeconomic factors due to the strong recovery of commercial activities and consumer services, the company also made efforts to maintain revenue growth momentum. Net revenue reached VND3,135 billion and profit after tax reached a record of VND374.4 billion, an increase of 8.0% compared to 2022, with a capitalization of VND4,070 billion (calculated based on the closing price of stock trading on December 29, 2023), dividends reach 20%.
In 2023, the company launched 4 new products and improved 12 products to meet consumer tastes. Last year, Moc Chau Milk also won many honorary awards such as: Top 500 fastest growing enterprises in Vietnam, Top 500 largest enterprises in Vietnam, and High quality Vietnamese goods.
As of March 31, 2024, in terms of shareholder structure, Moc Chau Milk has two major shareholders including Vietnam Livestock Corporation - Joint Stock Company (code VLC - UPCoM) owning 59.3% of charter capital; Vietnam Dairy Products Joint Stock Company owns 8.85% of charter capital; and the remaining 31.85% of charter capital belongs to small shareholders owning less than 5% of charter capital.
In 2024, Moc Chau Milk targets net revenue of VND3,367.4 billion, an increase of 7.4% compared to 2023 and profit after tax of VND331.7 billion, maintaining the 2024 dividend minimum 50%/after-tax profit.
The listing of Moc Chau Milk's shares on HOSE is an important milestone in Moc Chau Milk's development history, marking and affirming the Company's position on the Vietnamese stock market. This is not only an important step for Moc Chau Milk to expand its scale and enhance its reputation, but also the company's commitment to transparency in business management and sustainable development.
Moc Chau Dairy Cattle Breeding Joint Stock Company was established on April 8, 1958, formerly known as Moc Chau Farm and was the first unit to open up the livestock farming and industrial milk production industry in Vietnam. With more than 66 years of experience, Moc Chau Milk is proud to bring consumers high-quality dairy products that meet strict standards of food safety and nutrition. Along with the sustainable development orientation from dairy farming to production and distribution of fresh milk products, Moc Chau Milk always strives for the goal of developing with the community, being environmentally friendly and bringing profits. Best benefits for customers, investors, employees and the whole society.
N.Nga
Source: VITIC/Tinnhanhchungkhoan