AsemconnectVietnam - After 4 consecutive failures for the same reason as unsuitable market conditions, F&N Dairy Investments PTE.LTD, major shareholder of Vietnam Dairy Products Joint Stock Company (Vinamilk, code VNM – HOSE exchange) continued to register to buy in volume large shares of VNM.

Specifically, for investment purposes, F&N Dairy Investments PTE.LTD still registered to buy approximately 20.9 million VNM shares by agreement and order matching method through the floor, expected from July 1 to July 30, 2024.
If the transaction is successful, F&N Dairy Investments PTE.LTD will increase its ownership in VNM from 369.75 million shares, a ratio of 17.69% to 390.65 million shares, a ratio of 18.69%.
Since the beginning of 2024 until now, F&N Dairy Investments PTE.LTD has registered to buy the same amount of VNM shares 4 times but was unsuccessful. Most recently, from May 28 to June 26, this organization also registered to buy nearly 20.9 million VNM shares but could not buy any shares.
On the market, VNM shares have recently continuously adjusted slightly. Closing the trading session on June 26, VNM decreased nearly 0.5% to 65,200 VND/share, only slightly higher than the year's bottom of 64,200 VND/share (closing price on April 15). Temporarily calculated at the current market price, F&N Dairy Investments PTE.LTD will have to spend about VND1,362 billion to buy the registered amount of VNM shares.
Mr. Le Thanh Liem has been Chief Accountant of Vinamilk since February 2005 and will stop holding this position from July 2024. Mr. Liem will still hold many other important positions at Vinamilk.
One of the other notable information at Vinamilk is that recently, the Company changed its Chief Accountant for the first time in 20 years. Accordingly, Ms. Huynh Thi Phuong Lan is appointed as Chief Accountant from July 1, 2024, and at the same time, Mr. Le Thanh Liem will no longer hold this position.
Before becoming Chief Accountant, Ms. Lan was Head of the Sales and Performance Accounting Department. Meanwhile, Mr. Liem holds up to 4 positions at Vinamilk including Member of the Board of Directors, Member of the Strategy Committee, Executive Director of Finance and Chief Accountant.
In 2024, the Company plans a total revenue of VND63,163 billion, an increase of 4.4% compared to 2023; Profit before tax was VND11,516 billion, an increase of 5%. The dividend rate continues to be at 38.5% (1 share receives VND3,850), corresponding to a total payment of more than VND8,000 billion, accounting for about 85% of the 2024 profit target.
At the end of the first quarter of 2024, Vinamilk recorded revenue of nearly VND14,125 billion, growing 1.23% over the same period last year and completing 22.36% of the whole year plan; Pre-tax profit reached VND2,705.8 billion, growing by more than 17% and completing 23.5% of the year plan.
N.Nga
Source: VITIC/Tinnhanhchungkhoan