Haxaco Chairman Registers to Buy 2M HAX Shares, Boosting Stake to 19.24%

Overview

Haxaco (HAX) Chairman Do Tien Dung has registered to purchase 2 million HAX shares on the Ho Chi Minh City Stock Exchange (HOSE) between August 5 and September 3, 2026. The transaction, aimed at restructuring his investment portfolio, would raise his ownership from 17.38% to 19.24%. The announcement comes alongside robust Q2 2026 earnings, with net profit surging 113% year-on-year.

Key Facts

• Chairman Do Tien Dung plans to buy 2 million HAX shares from August 5 to September 3, 2026, via matched or negotiated orders.
• His stake would increase from 17.38% (approximately 18.7 million shares) to 19.24% (approximately 20.7 million shares).
• Q2 2026 consolidated net revenue reached nearly VND 1,559 billion, up 51% year-on-year.
• Q2 2026 after-tax profit was nearly VND 22 billion, up 113% from Q2 2025.
• H1 2026 revenue and net profit reached over VND 2,656 billion and over VND 37 billion, up 34% and 39% respectively.
• Haxaco’s Kim Giang branch received a tax fine of nearly VND 44 million, plus back taxes and late payment interest totaling over VND 392 million.

What Happened

In a filing with the Ho Chi Minh City Stock Exchange (HOSE), Haxaco (HOSE: HAX) disclosed that Chairman Do Tien Dung registered to buy 2 million shares during the period from August 5 to September 3, 2026. The stated purpose is to restructure his investment portfolio. If completed, his holding will rise to 19.24% of the company’s share capital.

The company also reported strong second-quarter results. Consolidated revenue reached nearly VND 1,559 billion, up 51% year-on-year, while after-tax profit climbed 113% to nearly VND 22 billion. Haxaco attributed the growth to a recovering auto market and the consolidation of Tuong Lai Viet Group as a subsidiary since late Q1 2026, which contributed additional profit.

Separately, Haxaco’s Kim Giang branch was fined for tax declaration errors, with total penalties and back taxes amounting to nearly VND 392 million. The company is required to pay the outstanding amounts.

Market Context

HAX shares closed at VND 8,460 on July 30, 2026. The stock has been under pressure in recent months, reflecting broader weakness in the automotive sector. However, the chairman’s purchase—a significant insider buy—may signal confidence in the company’s turnaround. The Q2 earnings beat, driven by market recovery and consolidation, could support sentiment. Haxaco trades on HOSE, the main exchange for larger-cap Vietnamese stocks.

Strategic Significance

The chairman’s decision to increase his stake by nearly 2 percentage points is a notable insider signal. It comes at a time when Haxaco is benefiting from a cyclical recovery in auto sales and strategic expansion via the Tuong Lai Viet acquisition. The move may indicate management’s belief that the stock is undervalued relative to its growth prospects. For long-term investors, the consolidation of Tuong Lai Viet and the improving market environment could provide a foundation for sustained earnings growth, though the tax penalty highlights operational risks.

What to Watch

• Completion of the chairman’s share purchase by September 3, 2026, and any subsequent filings.
• Q3 2026 earnings release, expected in October, to confirm sustained revenue and profit growth.
• Further consolidation benefits from Tuong Lai Viet, including revenue and margin contributions.
• Any additional regulatory or tax issues that could impact financials.
• Broader auto market trends, including vehicle sales data and government incentives.