Oriental Commercial Bank (OCB VN): Cash dividend after 9 years
The Board of the bank passed a resolution on paying cash dividend of VND700 per share to all shareholders, funded from 2024 profit. This will be followed by stock dividend of 8%, meaning 8 additional shares for every 100 shares owned. The last time OCB paid a cash dividend was in 2016, with VND500 per share settled. OCB VN closed at VND11,950 per share on 2nd July 2025, therefore 10.1x P/E and 0.9x P/B.
Construction Corp 1 (CC1 VN): An insider sold most of her shares
Ms. Tran Thi Quynh Nhu – wife of the Board member, Mr. Nguyen Van Ngoc, sold 4.92 million CC1 VN shares at over VND93 billion (about USD3.6 million), suggesting an average price of VND19,000 per share. After that, she only held 1.22 million CC1 VN shares, equivalent to 0.3% ownership. CC1 VN was last traded at VND27,000 per share on 2nd July 2025, implying 46.9x P/E and 2.6x P/B.
HODECO (HDC VN): The divestiture of Dai Duong Vung Tau project is almost done
This divestiture of this project, via equity sales, could bring back VND1.1-1.2 trillion to HODECO, recorded in 2025 and 2026. For 2025, the real estate developer sets the target revenue of VND1,652 billion (about USD63.5 million, up +203% YoY) and net income of VND424 billion (about USD16.3 million, up +542% YoY). HDC VN closed at VND25,450 per share on 2nd July 2025, thus 58.0x P/E and 2.0x P/B.
Vinh Son – Song Hinh Hydropower (VSH VN): Removed from margin trading
VSH stocks were removed from the list of stocks available for margin trading created by HOSE due to ongoing tax reporting issues, following the final decision from tax authority. The company is facing possible penalties of over VND2.2 billion (~USD85,000). However, the company expects bullish results in 2025, and targets revenue of VND1.9 trillion (~ USD73.1 million, up +1.4% YoY) and target net profit of VND541 billion (~USD20.8 million, up +21% YoY). VSH VN closed at VND49,900 per share on 2nd July 2025, thus 16.5x P/E and 2.4x P/B.
Coteccons (CTD VN): Plans to raise funds from corporate bond issue
The construction contractor will ballot its shareholder to pass the initial plan of the upcoming bond offering. This bond issue, with principal of VND1.4 trillion, will be offered to all investors, and its filings must be approved by shareholders and the SSC before offering and distribution. The company also revealed its current backlog of VND37 trillion. Before that, in January, Coteccons retired all of its CTD122015 corporate bonds after the 3-year tenor with 9.5% p.a. coupon rate. CTD VN closed at VND84,300/s on 2nd July 2025, thus 26.0x P/E and 1.0x P/B.
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