SSI: Masan to benefit from Vietnamese stock market upgrade
In addition, the Ministry of Finance has eliminated the pre-funding requirement for foreign investors, a key step toward upgrading Việt Nam’s stock market from frontier to emerging status.
The change, outlined in Circular 68/2024/TT-BTC, takes effect on November 2.
Customers shop at WinMart Phú Mỹ Hưng in District 7. — Photo courtesy of Masan |
A report by SSI Research predicts that Việt Nam's market will be upgraded in September 2025, potentially attracting up to $1.7 billion from ETF funds alone.
Notable stocks likely to benefit from this upgrade include VNM, VHM, VIC, HPG, and MSN, all of which have room for foreign investment.
J.P. Morgan said it favours Consumer Staples stocks, expecting them to benefit from lower input costs and steady earnings growth.
Its report highlights that Việt Nam's economic momentum should positively influence the stock market in Q4 and Q1.
It recommends stocks such as VCB, ACB, TCB, FPT, and MSN. J.P. Morgan values MSN at VND94,640 per share, using a sum-of-the-parts (SOTP) valuation method.
During a recent meeting with investors, a representative from Masan said WinCommerce has achieved after-tax profits for three consecutive months as of August, with like-for-like (LFL) growth for the mini supermarket chain surpassing 10 per cent.
This achievement signifies a milestone in WinCommerce’s retail strategy, as the successful implementation of innovative practices and operational execution has paved the way for sustainable profitability, he added.
Danny Le, CEO of Masan, said: “WinCommerce is entering a phase of profitability, and we anticipate that this trend will accelerate as we continue to deliver like-for-like growth, effectively open new stores, and contribute to the advancement of Việt Nam’s modern trade market in the medium term.”
Recently, Masan Consumer Corporation proposed a supplementary dividend distribution for 2023, recommending a cash dividend rate of 168 per cent (VNĐ16,800 per share).
Previously, Masan Consumer completed its 2023 dividend payments at a rate of 100 per cent in cash.
Specifically, the company disbursed VNĐ3.2 trillion, representing 45 per cent, in August 2023, and VNĐ3.9 trillion, accounting for 55 per cent, in July 2024.
Total dividends received by shareholders from Masan Consumer for 2023 amounted to 268 per cent, or VNĐ19.2 trillion, the highest payout to shareholders since the company’s initial public offering.
In June, Masan received over VNĐ1 trillion in dividends from Techcombank (TCB) and anticipates receiving additional substantial dividends from affiliated companies and subsidiaries throughout the year.
See also
Asian shares are at their lowest in three weeks
16:18 | 19/10/2024 Stock Market
Stock market sees notable recovery amid ongoing uncertainties
09:11 | 15/10/2024 Stock Market
See more news
Japan helps Vietnam improve stock market’s transparency
15:40 | 23/09/2024 Stock Market
Market expected to pass psychological 1,300 mark
15:10 | 26/08/2024 Stock Market
Market soars above 1,260 points
10:43 | 20/08/2024 Stock Market
Stock market expected to continue recovery in the remainder of the year
17:56 | 18/08/2024 Stock Market
Surge in new individual securities accounts in July
08:21 | 10/08/2024 Stock Market
The market requires a prolonged period to reach stability
14:55 | 05/08/2024 Stock Market
Vietnamese stock market sees remarkable 24-year transformation
09:30 | 31/07/2024 Stock Market
Bank stocks surge on dividend payouts and profit growth
07:00 | 29/05/2024 Stock Market
Stock market upgrade to help Vietnam lure another 10 bln USD in investment
09:23 | 03/05/2024 Stock Market
Over 163,000 new stock trader accounts created during March
08:48 | 09/04/2024 Stock Market
Seven strategic directions to lead the nation into a new era
17:04 | 05/11/2024 Infographic
WB, Switzerland help boost Viet Nam’s sustainable urban development
16:53 | 05/11/2024 Society
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
Workshop looks to address environmental management issues in industrial areas
16:34 | 05/11/2024 Environment
PM visits President Ho Chi Minh relic site in Kunming
16:30 | 05/11/2024 News and Events
Multimedia
Seven strategic directions to lead the nation into a new era
17:04 | 05/11/2024 Infographic
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
Vietnam-Cuba traditional solidarity, special friendship
10:12 | 02/11/2024 Infographic
Vietnam expands FTA network
09:15 | 01/11/2024 Infographic
Vietnam – Qatar friendship and multifaceted cooperation
09:06 | 31/10/2024 Infographic
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
NA deputies call for solutions to ensure the feasibility of drug prevention and control programme
17:33 | 03/11/2024 Policy
15th NA’s 8th session to further discuss legislative, inspection work next week
16:58 | 03/11/2024 Policy
Developing education, training to serve new era of nation: PM
09:57 | 03/11/2024 Policy
Efforts to bring electricity to remote villages of Ha Giang Province
15:15 | 04/11/2024 Energy
Vietnamese F&B industry works to catch up with green consumption trend
17:38 | 03/11/2024 Industry
PM calls for Qatar's support for energy development in Việt Nam
08:56 | 01/11/2024 Energy
Efforts made to create breakthrough in Vietnam's automobile industry
09:28 | 31/10/2024 Industry
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
Da Nang to invest additional 16 million USD into software park
17:19 | 03/11/2024 Investment
PM receives heads of leading investment firm, authority of Qatar
09:07 | 01/11/2024 Investment
Forum suggests suitable orientations for green development strategy in Lam Dong
15:44 | 31/10/2024 Investment
Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital
15:46 | 05/11/2024 Finance-Banking
Finance ministry proposes two price management scenarios for year-end
10:11 | 04/11/2024 Finance-Banking
Banking sector prioritises support for import-export firms
16:35 | 02/11/2024 Finance-Banking
Smart Banking 2024 workshop and exhibition held
15:32 | 31/10/2024 Finance-Banking
Workshop looks to address environmental management issues in industrial areas
16:34 | 05/11/2024 Environment
More accurate forecasts at all levels needed to reduce coastal disaster risk
15:07 | 04/11/2024 Environment
Nearly-98-million-USD environment project inaugurated in Ninh Thuan
10:13 | 03/11/2024 Environment
Northern region to experience first cold weather of this winter
14:30 | 31/10/2024 Environment
Technology “key” to attract FDI
09:09 | 05/11/2024 Science - Technology
HCM City partners with Google for Education in digital transformation
14:47 | 04/11/2024 Science - Technology
Việt Nam develops 'purely Vietnamese' generative AI
09:45 | 01/11/2024 Science - Technology
Vietnam’s first semiconductor expo underway in HCM City
09:36 | 01/11/2024 Science - Technology
WB, Switzerland help boost Viet Nam’s sustainable urban development
16:53 | 05/11/2024 Society
VRA proposes over $7.2b for Lào Cai-Hà Nội-Hải Phòng-Quảng Ninh Railway project
09:22 | 05/11/2024 Society
Eastern section of $1.23b southern expressway will soon be opened for use
15:03 | 04/11/2024 Society
Vietnam aims to produce innovative medicines
14:53 | 04/11/2024 Society
190 businesses win Vietnam National Brand Award 2024
10:33 | 05/11/2024 Vietnamese Brands
Vietnamese AI firms have many chances of development
14:51 | 04/11/2024 Vietnamese Brands
Cooperatives play significant role in OCOP product development
14:45 | 04/11/2024 Vietnamese Brands
Cơ Tu ethnic’s farm produce debuts in supermarket system
09:08 | 31/10/2024 Vietnamese Brands
Calligraphy exhibition highlights literary masterpieces
10:53 | 05/11/2024 Culture
VN int’l fashion week Fall/Winter 2024 prepares to open
11:38 | 04/11/2024 Culture
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
$10-billion national target programme on cultural development officially proposed to parliament
18:02 | 02/11/2024 Culture
Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia
10:27 | 05/11/2024 Tourism
Foreign travellers' interest in northern regions still strong after typhoon
14:15 | 04/11/2024 Tourism
Ninh Bình Festival to boost historical heritages of VN’s former capitals
14:10 | 04/11/2024 Tourism
Halal tourism: tackling religious and cultural differences
17:57 | 02/11/2024 Tourism