Ha Do Group (HDG) Plans 10% Stock Dividend, 2026 Profit Up 15.9%
This Aveluro analysis covers HDG (Tập đoàn Hà Đô) in the Real Estate sector. The classified event type is dividend announcement, with positive sentiment and a deterministic market-impact score of 4.0/10. Aveluro classifies this story as a positive catalyst in the stock's news coverage. Source coverage came from CafeF - Doanh nghiệp, 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.
Follow this event and trade Vietnam stocks
Use the broker guide to compare Vietnam market access before acting on this news.
Aveluro may earn a commission from broker partners. Market data and broker availability can change; confirm access before opening an account.
Overview
Ha Do Group (HDG) announced a 10% stock dividend for the second phase of 2025, issuing nearly 37 million shares. The company also approved its 2026 business plan targeting revenue of VND 3,242 billion (+12.7%) and net profit of VND 1,151 billion (+15.9%). The moves come alongside HDG’s establishment of a wind power subsidiary, Binh Gia Wind Power JSC, with a 99.9% stake.
Key Facts
- HDG plans to issue 36.996 million shares as a stock dividend, equivalent to 10% of outstanding shares.
- Total issuance value at par is nearly VND 370 billion, sourced from retained earnings as of December 31, 2025.
- The dividend is expected to be executed in Q2-Q3/2026, pending State Securities Commission approval.
- Post-issuance, HDG’s charter capital will increase from over VND 3,699.6 billion to nearly VND 4,069.6 billion.
- 2026 business plan: consolidated revenue of VND 3,242 billion (+12.7% vs 2025), net profit of VND 1,151 billion (+15.9%).
- Q1/2026 revenue reached VND 708.5 billion (+15% YoY), but net profit fell 50% YoY to VND 104 billion due to higher provision expenses.
- HDG approved a 99.9% stake in Binh Gia Wind Power JSC, with charter capital of VND 610.5 billion.
What Happened
At its annual general meeting on April 24, 2026, Ha Do Group shareholders approved a 10% stock dividend for the second phase of 2025. The company will issue nearly 37 million shares from retained earnings, raising charter capital to approximately VND 4,069.6 billion. The dividend shares will not be subject to transfer restrictions.
The meeting also ratified the 2026 business plan, which targets consolidated revenue of VND 3,242 billion and net profit of VND 1,151 billion, representing year-on-year growth of 12.7% and 15.9%, respectively. However, Q1/2026 results showed a 50% drop in net profit to VND 104 billion, attributed to increased provision expenses. The company achieved 21.9% of its revenue target and 9% of its profit target in the first quarter.
Separately, HDG’s board approved the establishment of Binh Gia Wind Power JSC, with HDG contributing VND 609.9 billion for a 99.9% stake. CEO Nguyen Trong Minh will represent HDG’s capital contribution.
Market Context
HDG shares closed at VND 24,450 on May 18, 2026, down 1.21% with volume of 1.64 million shares. The stock trades on HOSE. The dividend announcement comes amid a mixed performance: revenue growth in Q1 but a sharp profit decline due to provisioning. The company’s expansion into wind power aligns with Vietnam’s renewable energy push, but the sector faces regulatory and grid challenges.
Strategic Significance
The stock dividend signals HDG’s commitment to rewarding shareholders while retaining cash for growth initiatives, particularly the wind power project. The 2026 profit target implies a recovery from Q1’s weak earnings, likely driven by real estate project deliveries and new energy contributions. The establishment of Binh Gia Wind Power JSC underscores HDG’s pivot toward renewable energy, diversifying from its core real estate business. However, the high provision expense in Q1 warrants monitoring.
What to Watch
- Approval timeline from the State Securities Commission for the stock dividend.
- Q2/2026 earnings release to assess profit recovery and provision trends.
- Progress of Binh Gia Wind Power project and any regulatory updates.
- HDG’s real estate project pipeline and sales performance in 2026.
- Any changes in foreign ownership limits post-dividend issuance.