Enterprises trading in votive paper on the stock exchange are about to pay a 70% dividend, the stock price “ice” to the old peak

o pay a cash dividend at the rate of 42%, equivalent to shareholders owning 1 share will receive 4,200 dong. The payment period is expected in the second quarter of 2023.

At the same time, CAP also pays dividends in shares with the issuance rate of 28%, equivalent to shareholders owning 100 shares to receive 28 new shares. Thus, nearly 2.2 million new shares will be issued, the capital will be taken from undistributed EAT. The expected release time is also in the second quarter of 2023.

Yen Bai Agro-Food Products is known as the only votive business enterprise whose shares are trading on the stock exchange. However, the profit of votive paper is not significant, mainly coming from both business of base paper and tapioca starch. This helps CAP’s business results breakthrough when cassava export is a growing business and is considered a “billion dollar” agricultural export product of Vietnam.

In the 2021-2022 financial year (October 1, 2021 – September 30, 2022), the tapioca segment brought in VND 383 billion in revenue for CAP, up 26% y/y and accounting for 58% of total revenue. Particularly, export revenue grew strongly, from VND 145 billion to VND 377 billion and mainly came from the tapioca starch segment (VND 236 billion, ~ USD 10 million). As a result, CAP profit after tax was 106 billion dong, up 85% over the same period last year, of which cassava starch brought in about 61 billion dong.

By the first quarter of the fiscal year 2022-2023 (from October 1 to December 31, 2022), revenue from the tapioca segment continued to record nearly VND 86 billion, equivalent to 54% of total net revenue, profit about 8 billion. In total, the company’s profit after tax reached more than 20 billion dong, an increase of 18% compared to the same period last year.

Benefiting from Vietnam’s billion-dollar export agricultural products, plus a high and consistent dividend policy, it is understandable when CAP shares are having impressive trading sessions in the context of the general market being somewhat gloomy. protein.

The market price of CAP has increased in a row in the last 4 sessions to reach the threshold of 83,900 VND/share, the market capitalization of the enterprise is about 660 billion VND. Since the end of November 2022 until now, CAP stock price has increased by 27% and is only about 7% from the historic peak set in July 2022.

Phuong Linh/Market Lifestyle