SHS Sets 5% Cash Dividend and 5% Bonus Shares for 2025

Overview

Saigon-Hanoi Securities (SHS), listed on the Hà Nội Stock Exchange (HNX), has announced a 2025 cash dividend of 5% (500 VND per share) with a total payout of approximately 450 billion VND, alongside a 5% bonus share issuance. The combined capital return comes as the company targets 2026 pre-tax profit of 1,718 billion VND and positions itself as a full-service wealth management institution.

Key Facts

• Cash dividend: 5% for 2025, equal to 500 VND per share, total value approximately 450 billion VND.
• Record date: 9 October 2026; payment date: 16 October 2026.
• Bonus share issuance: 5% ratio (100:5), equivalent to 44,973,111 new shares, approved by the Board on 10 September 2026.
• 2026 targets: revenue of 3,739 billion VND and pre-tax profit of 1,718 billion VND.
• H1 2026 results: revenue of 1,017 billion VND and pre-tax profit of 370 billion VND.
• Total assets at 30 June 2026: 27,567 billion VND, up nearly 20% from end-2025.
• Closing price on 29 September 2026: 13,100 VND per share; latest close 13,000 VND on 30 September 2026.

What Happened

Saigon-Hanoi Securities (SHS) said it will implement a 2025 cash dividend at a ratio of 5%, meaning shareholders receive 500 VND for each share held. The record date is 9 October 2026 and payment is scheduled for 16 October 2026. Based on the current number of outstanding shares, the total cash dividend is expected to be approximately 450 billion VND. The announcement was made via a company notice.

Separately, on 10 September 2026, the SHS Board of Directors approved a plan to issue bonus shares from owners’ equity at a ratio of 100:5, meaning shareholders holding 100 shares receive 5 new shares. The expected issuance volume is 44,973,111 shares. The company said the combination of cash dividend and bonus shares is designed to balance capital needs for its business plan with long-term shareholder interests, consistent with its 2026-2030 strategy of shifting from a traditional securities firm to a full-service wealth management model.

Market Context

SHS trades on the HNX. The stock closed at 13,100 VND per share on 29 September 2026 and at 13,000 VND on 30 September 2026, up 0.76% on the day with volume of 2,527,800 shares. At the announced dividend of 500 VND per share, the cash yield is approximately 3.8% based on the recent price. The securities sector in Vietnam has seen active capital-raising and shareholder return programs as firms compete for market share and scale up margin lending and advisory services.

Strategic Significance

The dual cash-and-share payout reflects SHS’s effort to return capital to shareholders while retaining enough equity to fund its expansion into wealth management. The 5% bonus share issuance increases the share count by about 45 million shares, which will dilute earnings per share modestly but improve liquidity. The company’s 2026 targets imply a significant acceleration from H1 2026 results, with pre-tax profit of 370 billion VND in the first six months versus a full-year goal of 1,718 billion VND. Achieving that would require a strong second-half performance, likely driven by brokerage, margin lending, and proprietary trading gains. The strategic shift toward a full-service wealth management model is a multi-year initiative that could differentiate SHS from pure brokerage peers if executed well.

What to Watch

• Q3 2026 earnings release, expected in October 2026, to gauge progress toward the 1,718 billion VND pre-tax profit target.
• Execution of the bonus share issuance, including the final record date and listing of new shares.
• Dividend payment on 16 October 2026 and any subsequent updates on the bonus share timeline.
• Changes in margin lending balances and proprietary trading results in the next financial statements.
• Any further capital-raising plans or strategic partnerships tied to the wealth management transition.