BIDV (BID VN) – Outperforming FY2024 objectives and upcoming private placement
As at the end of 2024, BIDV recorded almost VND2.7 quadrillion in total assets (about USD106 billion, up +19.4% YoY), in which loan book was over VND2.01 quadrillion (about USD79 billion, +15.3% YoY and equivalent to 13.1% market share). Earnings before tax (EBT) of the parent bank alone was VND30 trillion (about USD1.2 billion, up +12.4% YoY), typically accounting for over 90% of the consolidated EBT. Additionally, BIDV has planned a private placement in Q1 2025, offering nearly 124 million additional shares to five institutional investors, at VND38,800 per share, equivalent to 1.8% of shares outstanding. SCIC has expected purchase of nearly 39 million, 4 others all represented by Dragon Capital, will collectively purchase over 85 million shares.
Regarding operating ratios: CAR clocked at 8.6%; NPL was 1.3%; LLR was 133%. Last year, the bank completed some green bond and green loan deals, increasing its green credit balance up to VND75 trillion (about USD3 billion). BID VN closed at VND39,950 per share on 9th January 2025, thus 11.8x P/E and 2.0x P/B. To remind, EPS and BVPS are calculated based on Q3 2024 financials.
HCMC Infra Investment (CII VN) – Lucky draw at EGM
The Board of CII approved and announced the prize structure of the ‘lucky draw’ at the upcoming EGM, expecting to grant VND500 million (about USD19,700) to the grand prize winner and lower values to subordinate winners. For every 1,000 shares owned, shareholders attending the EGM will receive a ticket to participate in this draw. It is not the first time CII created such an event. CII generated revenue of VND707 billion in Q3 2024 (about USD28 million, down -3.5% YoY) and net income of VND95 billion (about USD3.7 million, down -72.3% YoY). CII VN closed at VND13,400 per share, hence 10.9x P/E and 0.7x P/B.
Nam Long Investment (NLG VN) – Insiders registered to buy more shares
Mr. Chad Ryan Ovel – BOD member, and Ms. Nguyen Thanh Huong – CIO, registered to purchase 50,000 and 100,000 NLG VN shares, respectively, for personal investing purposes. Before that, in the NLG Day event, the company had disclosed its preliminary results in Q4 2024 with outperformed sales of Akari and Can Tho project, completing FY2024 financial objectives. For 2025, the HCMC and Southern Region-focused real estate developer expects solid cash flows from new projects (Paragon and Izumi) as well as from its on-going projects (Can Tho, Waterpoint, Akari, and Mizuki). NLG VN closed at VND32,600 per share on 9th January 2025, therefore 41.1x P/E and 1.4x P/B.
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