20 October 2021
EVE pays 2021 stock dividends in 2021 at the rate of 8%
Everpia Joint Stock Company (EVE) has just announced the payment of 2021 stock dividend from treasury shares at the rate of 8%. The estimated closing date will be Nov. 15th, 2021. Accordingly, the number of treasury shares expected to be used to pay dividends is more than 3 million shares.
Looking at Everpia's dividend payment history during 10 years of listing, EVE maintains a regular dividend policy in which the minimum cash dividend equals 50% of profit after tax. In early June, EVE shareholders received the 2020 cash dividend at the rate of 10%. In addition to cash dividends, using treasury shares for 2021 stock dividend in the upcoming November shows that the BOD always pays great attention to the interests of the shareholders.
Looking at Everpia's dividend payment history during 10 years of listing, EVE maintains a regular dividend policy in which the minimum cash dividend equals 50% of profit after tax. In early June, EVE shareholders received the 2020 cash dividend at the rate of 10%. In addition to cash dividends, using treasury shares for 2021 stock dividend in the upcoming November shows that the BOD always pays great attention to the interests of the shareholders.
EVE's devidends ratio from 2009-2020
During the Covid-19 pandemic, EVE is one of the few companies that pay full wages and maintain stable jobs for employees while most of the manufacturing companies affected by Covid have to reduce wages of workers. With the philosophy of "Share for success", the company's Management decided to spend nearly 1 million treasury shares to issue shares under the employee stock option plan. Accordingly, the main target employee group is the talented young workforce, who are the cores of success in business expansion and innovation strategies in the coming time. Those who are expected to create a youthful, dynamic and new Everon 2.0 brand and realize Everpia's mission of developing Everon as a favored home total brand for Vietnamese households.
For the bedding business and Everon brand, the Company's Management believes that innovation is extremely necessary in this period. In addition to digital transformation of the retail system to be a multi-channel sales model through convert www.everon.com into an e-commerce platform to take advantage of the distribution system with more than 500 agents nationwide, re-branding towards Millennials customer is one of main marketing strategies that we are setting and will implement in the near future. All these efforts aim to bring the Everon brand to truly be the number one bedding brand in the market.
Everpia's representative also shares: we have been operating in Padding business for 30 years, a business contributes 40% of EVE's annual profit with an average gross profit margin of 45%. By the shift of orders from China and Malaysia and the opening of many new textiles and garment factories in recent time, Vitas estimates that the growth rate of Textile and Garment in the next 3 years can reach 15-20% on average. In order to get the best opportunities from market and get ready for a new journey, many plans are being set in which i) focusing on R&D in order to diversify the product portfolio, which focuses on developing and expanding exclusive padding products researched and developed by the Company itself, ii ) diverse target customers.
For the bedding business and Everon brand, the Company's Management believes that innovation is extremely necessary in this period. In addition to digital transformation of the retail system to be a multi-channel sales model through convert www.everon.com into an e-commerce platform to take advantage of the distribution system with more than 500 agents nationwide, re-branding towards Millennials customer is one of main marketing strategies that we are setting and will implement in the near future. All these efforts aim to bring the Everon brand to truly be the number one bedding brand in the market.
Everpia's representative also shares: we have been operating in Padding business for 30 years, a business contributes 40% of EVE's annual profit with an average gross profit margin of 45%. By the shift of orders from China and Malaysia and the opening of many new textiles and garment factories in recent time, Vitas estimates that the growth rate of Textile and Garment in the next 3 years can reach 15-20% on average. In order to get the best opportunities from market and get ready for a new journey, many plans are being set in which i) focusing on R&D in order to diversify the product portfolio, which focuses on developing and expanding exclusive padding products researched and developed by the Company itself, ii ) diverse target customers.
Price of EVE's share from begin 2021 until now.
EVE stock closed at 18,300VND per share on Oct. 19th, 2021, the current price of EVE stock is undervalued compared to book value of more than 24,000 VND/share. With existing business market share, strong financial foundation and future innovations, we believe that EVE shares price will take off and fly high.
Source: https://fatz.vn/eve-chia-co-tuc-nam-2021-bang-co-phieu-ty-le-8/
Source: https://fatz.vn/eve-chia-co-tuc-nam-2021-bang-co-phieu-ty-le-8/