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Gemadept Corp. (GMD-HOSE) has announced the final registration date for its 2025 cash dividend. The company will pay a dividend rate of 22%, equivalent to 2,200 VND per share. The expected payment date is May 29, 2026.
With nearly 426.5 million shares outstanding, Gemadept expects to distribute about 938.3 billion VND to shareholders for this dividend tranche.
At its 2026 AGM, Gemadept’s management outlined an ambitious strategy for 2026–2030 aimed at transitioning from a “Port-centric” model to a “Maritime-centric” approach. Management said it is optimistic about the company’s future, while VCSC noted that the strategy is logical—leveraging Gemadept’s leadership in port and river port ecosystems to unlock value across a broader maritime value chain.
The company’s stated vision is to become a leading maritime company in Vietnam by moving from “Port-centric” to “Maritime-centric.” Gemadept targets pretax profit growth of 20% per year over 2026–2030.
Gemadept’s plan is built around four strategic pillars:
Gemadept expects the next growth phase to be supported by a contribution mix of 80% from core activities and 20% from new areas. The company did not specify whether this mix refers to revenue or pretax profit.
Management said a pillar is considered strategic if it can contribute at least 1 trillion VND in pretax profit by 2030. VCSC believes this threshold applies to Pillars 3 and 4.
At the AGM, shareholders approved Gemadept’s 2026 business plan under two scenarios: a “registered” scenario and a “target” scenario.
VCSC noted that Gemadept’s targets are below its forecasts, with revenue at 88–92% of its 2026 forecast and core pretax profit at 79–85% of forecast. VCSC also said Gemadept’s past results have often exceeded plans.
By the end of Q1 2026, Gemadept reported net revenue of 1,452.4 billion VND, up 13.7% year-on-year (from 1,277 billion VND). Pretax profit was over 716.4 billion VND, up 22.9% year-on-year (from 583 billion VND).
Based on these results, the company had completed 22.3% of its net revenue plan and 25.6% of its pretax profit plan.
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