BIG Q2 Net Profit Surges 175% YoY, P/E at 3.5x; HOSE Listing Filing Planned for August
This Aveluro analysis covers BIG on UPCOM in the Food & Beverage sector. The classified event type is earnings beat smallcap, with positive sentiment and a deterministic market-impact score of 5.6/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from Vietstock - Cổ phiếu, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
BIG Group (BIG:UPCOM) reported preliminary Q2 2026 net profit of VND 6 billion, surging 175% year-on-year, with revenue up 32% to VND 180 billion. The company trades at a P/E of 3.55x and plans to submit a listing application to HOSE in August 2026, potentially unlocking value for shareholders.
Key Facts
- Q2 2026 net profit reached VND 6 billion, up 175% YoY.
- Q2 2026 revenue was VND 180 billion, up 32% YoY.
- Export and trading segment contributed VND 152 billion (+15% YoY).
- Hospitality and services segment revenue surged 466% YoY to VND 29 billion.
- BIG completed a capital increase to nearly VND 350 billion in charter capital.
- The company declared a 2025 dividend of 12% (10% stock, 2% cash).
- P/E ratio stands at 3.55x, versus the industry average of 25.6x; P/B is 0.68x.
- BIG plans to file for listing on HOSE in August 2026.
What Happened
BIG Group released its Q2 2026 investor newsletter, revealing preliminary unaudited results. Net profit jumped 175% YoY to VND 6 billion, while revenue grew 32% to VND 180 billion. The company attributed the growth to its restructuring into a multi-sector model, with the export and trading division (via Big CT and Big Expo) remaining the main revenue driver at VND 152 billion. The hospitality and services segment (Big Hotel, Big Bro) showed a strong recovery from a low base, posting VND 29 billion in revenue, up 466% YoY.
BIG also completed a charter capital increase to nearly VND 350 billion and appointed Mr. Kieu Van Khoa as Chairman of the Board, while founder Vo Phi Nhat Huy became CEO and Vice Chairman. The company is pursuing a “Southern strategy” with land acquisitions in Can Tho (540 sqm) and Soc Trang (3,200 sqm).
Market Context
BIG shares closed at VND 4,500 on July 15, 2026, on the UPCOM market. The stock trades at a P/E of 3.55x and P/B of 0.68x, significantly below the industry averages of 25.6x and 1.5x, respectively. The company’s plan to list on HOSE in August 2026 is a key catalyst that could narrow the valuation gap. The broader market has seen renewed interest in small-cap stocks with strong earnings momentum and potential for exchange upgrades.
Strategic Significance
BIG’s multi-sector model, combining export trading with hospitality and real estate, provides diversification and growth optionality. The planned HOSE listing could improve liquidity and visibility, potentially attracting institutional investors. The low valuation relative to peers suggests the market has not fully priced in the earnings recovery and future growth from land bank development. The leadership change aims to strengthen governance and execution capability.
What to Watch
- Filing of HOSE listing application in August 2026 and timeline for approval.
- Q3 2026 earnings to confirm sustained growth momentum.
- Progress on land development projects in Can Tho and Soc Trang.
- Any further capital raising or M&A activity to support expansion.
- Changes in foreign ownership limits or investor interest post-listing.