AsemconnectVietnam - MHC Joint Stock Company (stock code MHC - HOSE) has announced the documents for its 2026 Annual General Meeting of Shareholders, scheduled to be held on April 22nd in Hanoi.

In 2026, MHC plans for total revenue of VND200 billion, a decrease of 50.1% compared to 2025, and pre-tax profit of only VND40 billion, a decrease of 79.7% compared to the same period last year.
At the end of 2025, MHC recorded total revenue of VND400.5 billion, achieving 200% of the plan, and pre-tax profit reached VND196.87 billion, achieving 656.2% of the planned profit of only VND 30 billion in 2025.
Regarding profit distribution in 2025, MHC presented to shareholders a plan to pay dividends in shares at a rate of 5%. Of this, with nearly 43.5 million shares outstanding, MHC estimates it will issue an additional 2,173,809 shares to pay dividends, expected to be implemented in 2026, after approval from the State Securities Commission.
Finally, regarding personnel, MHC proposed to shareholders the dismissal of Mr. Nguyen Duc Loi from the Board of Directors. Conversely, it is expected that one additional member will be elected for the 2025-2030 term.
According to our research, MHC started as a transportation company, operating in the fields of waterway and road transport, warehousing, and cargo storage. After the 2008 crisis – when the maritime transport industry stagnated and revenue plummeted – the company began to shift towards financial investment.
By 2015, the company significantly increased its investment in the stock market, from just VND0.35 billion at the beginning of the year to VND187.2 billion by the end of 2015, accounting for 40.4% of total assets. At its peak, during the 2016-2018 period, the proportion of stock market investment accounted for 83.6% to 85.7% of total assets.
As of December 31, 2025, MHC had reduced its securities portfolio by 90.2% compared to the beginning of the year, equivalent to a decrease of VND405.95 billion, down to VND44.22 billion, and now accounting for only 5.92% of total assets.
N.Nga
Source: VITIC/Tinnhanhchungkhoan