Grand Dividend Payout of 480%, Most Expensive Stock on HOSE Hits Limit Up Near Historical Peak

The stock VCF of Vinacafé Biên Hòa, the most expensive stock on HOSE, has surged to its limit up for two consecutive sessions, reaching 255,100 VND/share with a market capitalization of 6,780 billion VND. Since the beginning of the year, its price has increased by 16%. This momentum follows the announcement of a “huge” dividend plan of 480% for 2024, translating to 48,000 VND per share, costing about 1,300 billion VND. Expected revenues will reach 2,556 billion VND, with a net profit of 446 billion VND, close to achieving 95% of the profit target. VCF is preparing two business scenarios for 2025, with revenues potentially increasing by 5.6% to 15% based on coffee market conditions. Most dividends will go to Masan Beverage, which holds 98.79% of VCF, expected to receive 1,260 billion VND. The upcoming AGM will also elect the Board of Directors for the term 2025-2030.