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HBC

₫3,000
+0.00% 2026-10-30 · Close
AI Composite Signal
6.0 / 10
Neutral — 5-signal composite
Mkt Cap
1.6T
₫1.6T
P/E
6.2
P/B
0.8
ROE
13.4%
ROA
1.7%
EPS
772
Price Chart
What matters now

HBC (HBC) is a company in Vietnam's Construction & Materials sector, listed on UPCOM. The stock last traded at 3,000 VND, little changed on the session, giving a market capitalization of 1.6 trillion VND.

On valuation, HBC trades at a price-to-earnings ratio of 6.2 and a price-to-book of 0.8. That is a discount to the Construction & Materials sector average P/E of 20.9. Return on equity of 13.4% points to solid profitability relative to the company's equity base, above the sector average of 8.0%. Trailing earnings per share stand at 772 VND.

Aveluro tracks 33 news items mentioning HBC, where recent coverage skews negative (52% of articles). The most recent catalyst was a legal action event — "HBC Associate Thanh Ngan Loses 9,300 m2 HCMC Land Over Unpaid Lease Fees". Aveluro's composite model rates HBC 6.0/10 (Neutral), blending news sentiment, price momentum, and fundamentals.

Comparable names in the Construction & Materials sector include ACC, ACE and ACS.

Latest catalyst

HBC Associate Thanh Ngan Loses 9,300 m2 HCMC Land Over Unpaid Lease Fees

Recent Developments

Recent developments around HBC include 5 notable classified events. On Oct 28, 2026, a market event was reported: Hồ Chí Minh City is reclaiming 9,298.9 m2 at 127 An Dương Vương from Bất động sản Thành Ngân after the company failed to meet land-lease payment obligations and ignored tax enforcement. On Oct 23, 2026, a leadership change was reported: Hoa Binh Construction (HBC) is removing Nguyen Kinh Luan as Deputy General Director effective 1/11/2026 at his own request, though he keeps his board seat. On Sep 21, 2026, a market event was reported: Hoa Binh Construction Group (HBC) will issue 51.4 million shares at 10,000 VND each to convert debt, a price nearly three times its 3,600 VND market close. On Sep 18, 2026, a market event was reported: Hoa Binh Construction (HBC, UPCoM) will issue more than 51.4 million shares to 99 creditors to retire roughly VND 514.2 billion of debt at a fixed 1:10,000 conversion ratio, with a one-year transfer lock-up ending 18 September 2026. On Sep 10, 2026, a market event was reported: Vietnam's State Securities Commission fined Hoa Binh Construction (HBC) VND 92.5 million for failing to publish audited 2022 bond-use reports and late filings from 2023-2025, and Dien Quang (DQC) VND 150 million for misstating 2025 after-tax profit between its Q4 and audited financials.

The overall tone of recent coverage is negative, with 2 of 5 events carrying bearish sentiment.

AI Signal Breakdown
Bearish Neutral Bullish
6.0 / 10
Neutral
Sentiment
-1.00
Impact
0.60
Momentum
+0.00
Fundamentals
+0.70
Volume
1.00
Sentiment 30% · Impact 20% · Momentum 20% · Fundamentals 15% · Volume 15%
News Sentiment
33
Articles Analyzed
Negative 17
Mixed 8
Neutral 4
Positive 4
Recent News
Oct 28, 2026 Full Analysis Negative legal action
Hồ Chí Minh City is reclaiming 9,298.9 m2 at 127 An Dương Vương from Bất động sản Thành Ngân after the company failed to meet land-lease payment obligations and ignored tax enforcement. HBC, which carries Thành Ngân as a 28.31%-owned associate, has not disclosed any impairment or book-value impact from the loss.
Oct 23, 2026 Full Analysis Neutral leadership change
Hoa Binh Construction (HBC) is removing Nguyen Kinh Luan as Deputy General Director effective 1/11/2026 at his own request, though he keeps his board seat. The same filing window confirms HBC issued 51.4 million shares to retire VND 514.2 billion of debt owed to 99 creditors, lifting charter capital to roughly VND 3,986.3 billion.
Sep 21, 2026 Full Analysis Mixed capital raise
Hoa Binh Construction Group (HBC) will issue 51.4 million shares at 10,000 VND each to convert debt, a price nearly three times its 3,600 VND market close. The swap lifts charter capital by roughly 15% and cuts liabilities, but the gap between conversion and market price raises dilution concerns for existing holders.
Sep 18, 2026 Full Analysis Mixed capital raise
Hoa Binh Construction (HBC, UPCoM) will issue more than 51.4 million shares to 99 creditors to retire roughly VND 514.2 billion of debt at a fixed 1:10,000 conversion ratio, with a one-year transfer lock-up ending 18 September 2026. The State Securities Commission separately fined the company VND 92.5 million for late and missing bond disclosures.
Sep 10, 2026 Full Analysis Negative legal action
Vietnam's State Securities Commission fined Hoa Binh Construction (HBC) VND 92.5 million for failing to publish audited 2022 bond-use reports and late filings from 2023-2025, and Dien Quang (DQC) VND 150 million for misstating 2025 after-tax profit between its Q4 and audited financials. Both penalties are administrative and small relative to market cap.
Sep 10, 2026 Full Analysis Negative legal action
Hoa Binh Construction (HBC) was fined VND 92.5 million by the State Securities Commission for failing to publish an audited 2022 bond-use report and filing multiple bond documents late, including reports tied to HBCH2225001 and HBCH2225002 buybacks. The penalty is small in absolute terms but adds a compliance overhang to a UPCOM-listed contractor already trading at VND 4.
Sep 10, 2026 Full Analysis Negative legal action
Hoa Binh Construction Group (HBC) was fined VND 92.5 million by Vietnam's State Securities Commission for failing to publish or late-filing multiple bond reports, including audited 2022 use-of-proceeds and HBCH2225001/HBCH2225002 redemption disclosures. The penalty is immaterial to earnings but underscores persistent governance and disclosure gaps at the UPCOM-listed builder.
Sep 07, 2026 Full Analysis Mixed m a announcement
HBC transferred its Innovation Center project to an FPT subsidiary for VND 246.5 billion (~USD 9.86 million), receiving VND 144.9 billion by June 30, 2026. The sale contributed nearly VND 159 billion in gross profit, offsetting a 3% decline in H1 net profit to VND 50 billion.
Sep 07, 2026 Full Analysis Mixed m a announcement
HBC transferred its Hoa Binh Innovation Center project to an FPT subsidiary for VND 246.5 billion, receiving VND 144.9 billion by June 30, 2026. The sale contributed nearly VND 159 billion to gross profit, offsetting a slight decline in net profit despite a 99% revenue surge.
Aug 21, 2026 Full Analysis Positive earnings beat
HBC's Q2 2026 revenue nearly doubled to VND 1,946 billion (+108% YoY), with gross profit rising to VND 278 billion from VND 117 billion. Despite the top-line recovery, the company is prioritizing debt collection and clearing VND 41.6 billion in overdue tax obligations to stabilize finances.
Aug 14, 2026 Full Analysis Negative legal action
HBC chairman Le Viet Hai faces a temporary exit ban if the company fails to settle its overdue tax debt of VND 41.6 billion within 30 days, as warned by the HCMC tax authority. HBC's H1 2026 net profit fell 19.1% to VND 41.56 billion, roughly equal to the tax arrears.
Aug 04, 2026 Full Analysis Neutral capital raise
HBC will issue 51.4 million shares to settle over 514 billion VND of debt with 99 creditors at a conversion price of 10,000 VND per share, roughly 2.3 times the current market price. The move is part of a broader financial restructuring aimed at improving the company's balance sheet and supporting a return to revenue growth.
Aug 04, 2026 Full Analysis Mixed capital raise
HBC plans to issue over 51.4 million shares to swap nearly VND 514.2 billion of debt to 99 creditors, with the swap price set at VND 10,000 per share, 2.3 times the current market price. The move aims to reduce leverage but comes as Q2/2026 net profit fell 54.8% YoY despite revenue surging 108%.
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Stock Analysis

By Aveluro Research Team · Editorial policy · Caveat: Not investment advice. · How Aveluro computed this

Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.

Last updated: 2026-10-31T01:42:27Z.