L40 Announces 120% Stock Dividend, Record Date June 3, 2026
This Aveluro analysis covers L40. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
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Overview
L40 (Construction Investment and Construction 40 Joint Stock Company) has announced a 120% stock dividend with a record date of June 3, 2026, issuing nearly 12.96 million shares to existing shareholders. The dividend follows robust 2025 financial results and aligns with the company’s ambitious 2026 business targets.
Key Facts
- Record date for the stock dividend: June 3, 2026.
- Dividend ratio: 10:12 (shareholders receive 12 new shares for every 10 held).
- Total shares to be issued: nearly 12.96 million.
- Current outstanding shares: 10.8 million; charter capital will increase from VND 108 billion to nearly VND 238 billion.
- 2025 net profit after tax: VND 141.8 billion, with pre-tax profit of VND 177.2 billion.
- 2026 targets: revenue VND 450 billion (+71% YoY), pre-tax profit VND 250 billion, net profit VND 200 billion (+41% YoY).
- L40 recently won an auction for sand mining rights (415,000 m³) on the Cổ Cò River for nearly VND 60 billion.
What Happened
L40’s Board of Directors approved the stock dividend plan in early March 2026, utilizing retained earnings from audited financial statements as of December 31, 2025. The company set the record date for June 3, 2026, to determine eligible shareholders. The new shares will be distributed to existing holders, with fractional shares rounded down.
The capital increase comes on the heels of strong 2025 performance: revenue reached VND 262.75 billion, financial income surged to over VND 128 billion, and net profit hit VND 141.8 billion. Total assets more than doubled to VND 446 billion, while equity rose to nearly VND 245 billion.
Market Context
L40 shares closed at VND 72,000 on May 21, 2026, down 2.70% on volume of 107,800 shares. The stock trades on HOSE. The construction sector has seen mixed performance amid rising material costs and infrastructure spending. L40’s aggressive dividend and growth targets contrast with a generally cautious market, reflecting the company’s confidence in its project pipeline and sand mining concession.
Strategic Significance
The 120% stock dividend significantly expands L40’s equity base, providing capacity for larger projects and potential debt financing. The sand mining rights on the Cổ Cò River enhance vertical integration in construction materials, reducing cost volatility. The 2026 targets imply continued momentum from 2025, but execution risk remains given the 71% revenue growth assumption. The dividend also signals management’s commitment to rewarding shareholders while retaining cash for operations.
What to Watch
- Q2 2026 earnings release to assess progress toward revenue and profit targets.
- Updates on sand mining operations and contribution to margins.
- Any additional capital raising or project announcements following the charter capital increase.
- Share price reaction post-record date and potential dilution impact.
- Industry trends in construction and infrastructure spending in Vietnam.