HBC

Hoa Binh Construction (HBC) secures a VND 30,000B general contractor contract from Sunshine Group, part of a broader VND 80,000B package with DELTA Group. The deal boosts HBC's order book and signals accelerated project execution by Sunshine Group across Vietnam.

MWG (Mobile World Group) attracted the largest net foreign buying of VND 206 billion on July 20, even as the VN-Index dropped 44 points and foreign investors overall net sold VND 86 billion across the market. The buying interest in MWG contrasts with heavy net selling in VCB, STB, and VPB, suggesting selective foreign allocation toward retail amid the broad sell-off.

HBC proposes issuing shares at VND 10,000 each to nearly 100 creditors to swap approximately VND 470 billion in debt, a price nearly double the recent average trading price. The move aims to restructure liabilities after two years of losses, with the company targeting VND 10 trillion in 2026 revenue.

HBC reported 2025 net profit of 251 billion VND, down 74% YoY, on revenue of 4,620 billion VND (-28%), missing its annual targets. The company enters 2026 with a backlog of nearly 10,000 billion VND and aims to double revenue to 10,000 billion VND, but faces margin pressure from rising input costs.

HBC plans to issue 51.4 million shares at 10,000 VND per share to swap 514.2 billion VND in debt with 99 suppliers, despite a market price of ~5,037 VND. The debt-for-equity swap, set for Q2 2026, aims to strengthen the balance sheet while the company targets doubling revenue to 10,000 billion VND in 2026.