VinaCapital Fund Management Company and its flagship fund Viet Nam Opportunity Fund (VOF) have purchased 50,000 and 60,000 shares of Phuoc Hoa Rubber JSC (PHR), respectively, news site ndh.vn reported Tuesday.
Phuoc Hoa Rubber JSC will make the first dividend payout at a 30 per cent rate for 2019, meaning every shareholder will receive VND3,000 (13 US cents) per share.
Phuoc Hoa Rubber Co (PHR) is unlikely to reach its profit target set for
the whole year as first-half profit was estimated at VND170 billion
(US$8 million), just 34 per cent.