Phu Nhuan Jewelry Joint Stock Company (PNJ) has announced a plan to issue over 170 million shares at a ratio of 2:1 to increase its charter capital from surplus capital and undistributed profits, aiming for over 5.1 trillion VND. The implementation is expected in Q1-Q2 of 2026. Currently, PNJ’s shares are trading around 111,900 VND/share, having risen 16% since the beginning of the year, with a market capitalization of over 38 trillion VND. Additionally, PNJ plans to distribute 341 billion VND as an interim cash dividend at a rate of 10% on January 28, 2025. According to Mirae Asset’s forecast, PNJ’s after-tax profit for 2025 could reach 2,419 billion VND, up 14.5% year-on-year, with an expected profit of over 800 billion VND in Q4. The company maintains a competitive edge due to its transparent legal foundation and optimized store network, leading to higher profit growth compared to revenue. The forecast for 2026 shows revenue could reach 41 trillion VND, an increase of nearly 14%.
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