Choosing Competition Instead of ‘Selling Off’, Cholimex Sauce Achieves 15 Years of Continuous Growth, 50% Dividend/Year, Share Price Reaches 330,000 VND – Four Times Higher Than Masan’s Previous Offer

Cholimex Food reported a revenue of 3.717 trillion VND in 2024, a 9% increase from the previous year, driven by a diverse range of products including chili sauce, soy sauce, and fish sauce. Net profit reached 250 billion VND, marking 15 years of continuous growth. The company set a revenue target of 3.850 trillion VND for 2024, achieving 99% of its goals. EPS stands at 29,283 VND, the highest in the market, with CMF shares priced at nearly 330,000 VND, reflecting a book value of 145,000 VND per share. Cholimex will pay a 50% dividend for 2024, amounting to nearly 41 billion VND for shareholders. The shareholder structure is concentrated, with three major stakeholders holding 92.55% of the capital. Cholimex previously rejected a takeover bid from Masan in 2014 and has since experienced significant growth.