REE shares of Refrigeration Electrical Engineering Corporation surged to a record high of 77,300 VND/share following the announcement of a 15% stock dividend for 2024, increasing its charter capital to 5.4 trillion VND. Year-to-date, this stock has risen by 15% and achieved a market capitalization of 36.4 trillion VND (1.4 billion USD). REE is a leading multi-industry enterprise in the fields of electrical engineering, energy, and infrastructure, with a generation capacity of 1,016 MW and providing 450,000 m³ of clean water daily. The largest shareholder, Platinum Victory, is planning to increase its stake in REE to 44.99% through a new transaction from May 22 to June 20. For 2025, REE targets revenue of 10.248 trillion VND and net profit of 2.427 trillion VND, representing growth of 22% and 21.7% compared to 2024, respectively. The company is also focused on expanding renewable energy development with several major projects in its pipeline, expecting significant revenue from the real estate segment.
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