Vietnam’s largest brewery company wants to raise cash dividends to 50%, shares unexpectedly “drop” to historical lows

Sabeco, Vietnam’s largest brewery (ticker: SAB), recently announced a plan to hold a General Meeting on April 24, 2025, in Ho Chi Minh City. They set a target of 31.641 trillion VND in revenue, nearly unchanged from last year, and a projected after-tax profit of 4.835 trillion VND, an increase of 8%. Sabeco anticipates that 2025 will be challenging due to COVID-19 and policies like the Alcohol Harm Prevention Law. However, the company sees opportunities in the youthful demographic structure and export potential. Sabeco announced a plan to issue a 50% dividend for 2025, equating to 6.4 trillion VND, exceeding previous plans. In 2024, the company reported 31.872 trillion VND in revenue and 4.495 trillion VND in profit. Currently, SAB shares have dropped to 43,350 VND per share, reaching a historic low, with a market capitalization of only 55.6 trillion VND.