The Vietnamese stock market experienced a booming trading session on July 7, with the VN-Index rising by 15 points, surpassing the 1,400-point mark thanks to large-cap stocks like banks and steel. SHB shares from Saigon-Hanoi Commercial Bank captured attention as they surged, reaching a record liquidity of 250 million shares traded, equivalent to over 6% of the bank’s shares. SHB’s closing price reached 13,900 VND/share, a 36% increase since the beginning of 2025. SHB set a profit before tax target of 14,500 billion VND for 2025, with total assets rising to 832,000 billion VND and plans to keep the bad debt ratio under 2%. The bank also paid a dividend for 2024 at a rate of 5% and intends to increase its charter capital to 45,942 billion VND, maintaining its position in the top 5 largest private banks in Vietnam. SHB is preparing to issue shares as a dividend for 2024 at a rate of 13%.
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