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On April 22, Viettel Construction (CTR) held its 2026 annual general meeting. At the meeting, Chairman Do Manh Hung said CTR would participate in the real estate sector in the social housing segment and housing for military personnel. CTR plans to deploy projects under the 'Viettel Home' brand, leveraging the scale, execution capability, and ecosystem of Viettel Group. As part of the government's program to develop 1 million social housing units, the company targets contributing about 50,000 units by 2030, equivalent to about 5% of the program's total scale. According to government regulations, the required profit margin for this segment is 10%. Compared with the group's current average profit margin of about 4-5%, 10% is a favorable figure for the company. In 2026, CTR targets revenue of 15,653 billion dong, up 11.4% from the previous year; after-tax profit projected to be 622 billion dong, up 3.8%. If achieved, this would be the highest revenue and profit in the company's history. By the end of Q1/2026, CTR reported revenue of 3,839 billion dong, up 39% year-on-year and reaching 25% of the year's plan. Pre-tax profit reached 189 billion, up 22%, corresponding to 24% of the annual target. At the AGM, the company approved the 2025 profit distribution plan with total cash dividends of nearly 309 billion dong, equivalent to 27%. Of which, cash dividends account for 15% and stock dividends for 12%. Notably, this is the first time in four years that CTR returns to paying stock dividends. Specifically, the company plans to issue more than 13.7 million shares at a ratio of 100:12 (for every 100 shares, 12 new shares), to be executed in 2026 after regulatory approval. In the next five years, the board intends to maintain a dividend policy that combines cash and stock. Accordingly, cash dividend payout is expected to range between 10-15% per year, while stock dividends will be flexibly balanced depending on profit growth plans and annual investment needs.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
