Masan Consumer, a leading FMCG company in Vietnam, is preparing to list on HoSE in 2025, marking a pivotal moment in its growth strategy.

Billionaire Nguyen Dang Quang.

Masan Consumer, a subsidiary of the Masan Group controlled by billionaire Nguyen Dang Quang, plans to move its stock listing from Upcom to the Ho Chi Minh Stock Exchange (HoSE) by 2025.

The decision is expected to mark a significant milestone for the company, expanding its reach to both domestic and international investors.

The Masan Consumer Corporation (MCH) announced on October 2 that it would transfer its stock listing from the Upcom system to the HoSE by 2025.

The company has selected Vietcap Securities Corporation as its listing advisor for this transition.

Masan Consumer, a leader in Vietnam’s fast-moving consumer goods (FMCG) sector, is expected to benefit from the broader investor base on the HoSE.

It currently operates seven fully owned subsidiaries, including Masan Food, Masan Beverage, and Masan Consumer Limited in Thailand.

MCH’s decision to move to the HoSE is anticipated to be a game-changer, enhancing its visibility among both domestic and foreign investors.

This move comes as MCH’s stock value has recently reached record highs, with shares trading at approximately VND 200,000 ($8.20) each.

As of the beginning of this year, MCH’s stock price has doubled, bringing substantial returns to shareholders.

The Bill & Melinda Gates Foundation Trust, one of MCH’s notable shareholders, holds over 1 million shares valued at approximately VND 210 billion ($8.6 million).

The trust is set to receive dividends from MCH, including a 168% payout in 2023, translating to VND 16,800 per share.

Masan Consumer plans to disburse an additional VND 12.2 trillion ($500 million) in dividends for 2023, with payments commencing on October 4.

In the first half of 2024, MCH reported net revenue of nearly VND 14 trillion ($576 million), a 12% increase year-on-year, with net profit rising 13% to over VND 3.4 trillion ($140 million).

MCH’s market capitalization at times surpasses that of Vinamilk, making it the largest company in Vietnam’s food and beverage sector.

The consumer sector in Vietnam is expected to see strong growth, driven by economic recovery and increased demand, as well as government policies, such as the reduction of value-added tax (VAT) by 2%.

Masan Consumer aims to expand its current 5% market share in the FMCG sector, valued at $32 billion, and increase its global presence through e-commerce platforms like Amazon and Coupang.

On October 2, MCH shares dipped slightly by VND 1,100 to VND 195,400 per share, as Vietnam’s stock market faced selling pressure. The VN-Index fell 2.82 points to 1,289.38 by the end of the morning session.

Manh Ha