OCH Targets 2026 Revenue of VND 1,704B (+47%) and 275% Profit Surge

Overview

OCH has announced ambitious financial targets for 2026, projecting consolidated revenue of VND 1,704 billion, a 47% increase, and net profit of VND 365 billion, a 275% surge. This guidance is tied to a planned capital increase and the accelerated development of new resort projects, marking a strategic pivot following a five-year restructuring period completed in 2025.

Key Facts

• OCH targets 2026 consolidated revenue of VND 1,704 billion, a 47% increase year-over-year.
• The company aims for 2026 net profit of VND 365 billion, a 275% (3.75x) increase compared to 2025.
• A capital increase plan will be presented at the Annual General Meeting of Shareholders on May 21, 2026, to fund strategic investments.
• New resort projects include MGallery Ninh Vân Bay in Khánh Hòa and Melia Hạ Long Bay in Quảng Ninh.
• The company plans to exit accumulated losses by the end of 2026, enabling potential annual dividend payments to shareholders.
• The capital will be deployed across three core pillars: Food, Hotels, and Real Estate.
• The restructuring period referenced spanned from 2021 to 2025.

What Happened

According to company representatives, OCH has completed a five-year restructuring phase and is now accelerating its development strategy. The Board of Directors will present an ambitious capital increase plan at the Annual General Meeting of Shareholders scheduled for May 21, 2026. The raised capital is intended to create a financial buffer for strategic investments in the company’s three core business pillars: Food, Hotels, and Real Estate. OCH stated it will prioritize capital contributions to reputable, efficient businesses with valuable real estate portfolios.

The company specifically highlighted plans to advance high-end resort real estate projects in prime locations, including MGallery Ninh Vân Bay in Khánh Hòa and Melia Hạ Long Bay in Quảng Ninh. Management expects these projects to elevate OCH’s position in the premium lodging and resort segment. In its guidance, OCH forecasts consolidated revenue of VND 1,704 billion for 2026, a 47% increase, and net profit of VND 365 billion, a 275% surge. Company leadership stated that by the end of 2026, OCH aims to eliminate accumulated losses, which would create conditions for potential annual dividend distributions.

Market Context

OCH is listed on the Ho Chi Minh City Stock Exchange (HOSE) and operates across the Real Estate, Hospitality, and Consumer Staples sectors. The announcement of aggressive 2026 growth targets and a capital increase plan represents a significant forward-looking statement from a company that has recently undergone a multi-year restructuring. This guidance may attract investor attention seeking exposure to Vietnam’s recovering tourism and premium real estate segments, though execution on these ambitious numerical targets will be closely monitored.

Strategic Significance

The 2026 targets signal OCH’s strategic shift from restructuring to aggressive growth, leveraging its consolidated financial base. The capital increase is designed not just for expansion but to reduce debt pressure and provide flexibility for strategic investments, particularly in integrated hospitality ecosystems. By focusing on premium resort projects and strategic partnerships within its three pillars, OCH is attempting to diversify revenue streams and maximize value from its real estate portfolio, moving beyond its historical challenges.

What to Watch

• The outcome of the capital increase proposal at the Annual General Meeting on May 21, 2026.
• Quarterly financial reports in 2026 to track progress toward the VND 1,704 billion revenue and VND 365 billion profit targets.
• Official announcements regarding the commencement of construction or operation for the MGallery Ninh Vân Bay and Melia Hạ Long Bay projects.
• The company’s financial statements at the end of 2026 to confirm the elimination of accumulated losses.
• Any updates on dividend policy following the potential exit from accumulated losses.