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Positive Developments for Đức Giang Chemical Shareholders

Positive Developments for Đức Giang Chemical Shareholders

The stock of Đức Giang Chemical (DGC) has recently experienced a positive trend following a period of being placed under special management by the Ho Chi Minh Stock Exchange (HoSE). Starting from August 24, 2026, HoSE announced that DGC's shares would be removed from the warning list, which was initially imposed due to the company’s failure to hold its annual general meeting within the stipulated time frame.

On August 13, 2026, Đức Giang Chemical successfully conducted its annual general meeting, which allowed the company to rectify the issue that led to the warning. However, it is important to note that DGC has not completely escaped from special management. According to the latest announcement from HoSE, DGC's shares are still subject to trading restrictions due to a delay in submitting its audited financial report for 2025, which was over 45 days late.

Additionally, the shares remain under another warning because the auditing organization expressed concerns regarding the financial statements for 2025. Đức Giang Chemical has indicated that addressing these concerns depends on the conclusions of the investigating authorities regarding ongoing issues.

In terms of business performance, for the first half of 2026, Đức Giang Chemical reported a net revenue of over 4.54 trillion VND, marking a decrease of 20.4% compared to the same period last year. The net profit after tax was nearly 871 billion VND, down approximately 49%. During the annual general meeting, the company set a consolidated revenue target of 10.1 trillion VND and a post-tax profit goal of 1.6 trillion VND for 2026, which represents a decrease of more than 10% and 49% respectively compared to 2025.

Furthermore, the company proposed a dividend plan for 2025 at 80% in cash, equivalent to 8,000 VND per share, and a dividend plan for 2026 at 30%. Regarding investments, DGC plans to put the Nghi Son Chemical Plant into operation in the fourth quarter of 2026 while continuing to restructure several factories and develop the pure chemical sector.

On the market, DGC shares traded around 43,050 VND per share on August 21, 2026, reflecting an increase of nearly 4%. Compared to the low range of 35,000-36,000 VND at the end of July, the share price has rebounded by over 20%.

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