VCSC Daily - Stocks approach all-time high - CII, DQC, FPT, GVR, PVS
CII: 2018 NPAT-MI guidance in line; FY2017 dividend cut; FY2018 dividend above expectations. CII released its AGM documents, in which the BOD has proposed to retain its 2017 earnings instead of paying the remaining dividend for FY2017 of VND1,600/share. To compensate for this, CII has proposed a FY2018 dividend of VND3,200/share. This represents a 9.7% dividend yield based on today’s closing price of VND33,000/share.