中文

HND

₫9,200
+0.00% 2026-09-15 · Close
AI Composite Signal
6.1 / 10
Neutral — 5-signal composite
Mkt Cap
4.8T
₫4.8T
P/E
12.6
P/B
0.8
ROE
6.3%
ROA
5.3%
EPS
785
Price Chart
What matters now

HND (HND) is a company in Vietnam's Utilities sector, listed on UPCOM. The stock last traded at 9,200 VND, little changed on the session, giving a market capitalization of 4.8 trillion VND.

On valuation, HND trades at a price-to-earnings ratio of 12.6 and a price-to-book of 0.8. That is broadly in line with the Utilities sector average P/E of 12.7. Return on equity of 6.3% points to modest profitability relative to the company's equity base, below the sector average of 12.1%. Trailing earnings per share stand at 785 VND.

Aveluro tracks 16 news items mentioning HND, where recent coverage skews negative (62% of articles). The most recent catalyst was a leadership change event — "HND Chairman Ta Cong Hoan Dies; Hai Phong Thermal Power Seeks Successor". Aveluro's composite model rates HND 6.1/10 (Neutral), blending news sentiment, price momentum, and fundamentals.

Comparable names in the Utilities sector include ANI, ASP and AVC.

Latest catalyst

HND Chairman Ta Cong Hoan Dies; Hai Phong Thermal Power Seeks Successor

Recent Developments

Recent developments around HND include 5 notable classified events. On Sep 03, 2026, a leadership change was reported: HND Chairman and legal representative Ta Cong Hoan died on 27/8/2026, prompting the company to initiate legal procedures to appoint a successor. On Sep 03, 2026, a leadership change was reported: HND Chairman Ta Cong Hoan died on August 27, 2026, prompting the company to initiate procedures to appoint a new legal representative. On Aug 13, 2026, a macro policy event was reported: KBSV identifies 13 companies in the state divestment pipeline under Decision 40, with notable planned reductions at BCM, BSR, and GAS, and full divestment for MSB, NTP, HND, QTP, VGC, PVI, and DMC. On Jul 19, 2026, an earnings beat was reported: VPB posts Q2 2026 pre-tax profit of VND 10,959 billion, up 76% YoY, lifting 6M profit to VND 18,880 billion (+68%). On Jul 18, 2026, an earnings beat was reported: VPB reports Q2 2026 pre-tax profit of VND 10,959 billion (+76% YoY), becoming the first Vietnamese company to surpass VND 10,000 billion in quarterly earnings.

Recent coverage shows a mixed sentiment balance across events.

AI Signal Breakdown
Bearish Neutral Bullish
6.1 / 10
Neutral
Sentiment
+0.00
Impact
0.50
Momentum
-0.21
Fundamentals
+0.20
Volume
0.00
Sentiment 30% · Impact 20% · Momentum 20% · Fundamentals 15% · Volume 15%
News Sentiment
16
Articles Analyzed
Negative 10
Positive 4
Mixed 1
Neutral 1
Recent News
Sep 03, 2026 Full Analysis Negative leadership change
HND Chairman and legal representative Ta Cong Hoan died on 27/8/2026, prompting the company to initiate legal procedures to appoint a successor. The firm, which operates 1,200 MW of coal-fired capacity on UPCOM, assures business continuity during the transition.
Sep 03, 2026 Full Analysis Negative leadership change
HND Chairman Ta Cong Hoan died on August 27, 2026, prompting the company to initiate procedures to appoint a new legal representative. The board member Doan Duc Toan, who was authorized in June 2026, is expected to lead temporarily.
Aug 13, 2026 Full Analysis Neutral macro policy
KBSV identifies 13 companies in the state divestment pipeline under Decision 40, with notable planned reductions at BCM, BSR, and GAS, and full divestment for MSB, NTP, HND, QTP, VGC, PVI, and DMC. The market-wide impact is expected to be limited, but individual tickers may see volatility as ownership changes unfold.
Jul 19, 2026 Full Analysis Positive earnings beat
VPB posts Q2 2026 pre-tax profit of VND 10,959 billion, up 76% YoY, lifting 6M profit to VND 18,880 billion (+68%). TPB, HND, PPC, and BMP also report double-digit profit growth, while OCBS leads all companies with over 4,000% earnings surge.
Jul 18, 2026 Full Analysis Positive earnings beat
VPB reports Q2 2026 pre-tax profit of VND 10,959 billion (+76% YoY), becoming the first Vietnamese company to surpass VND 10,000 billion in quarterly earnings. The result drives 6M2026 profit to VND 18,880 billion (+68% YoY), reinforcing VPBank's leading position in the banking sector.
Jul 17, 2026 Full Analysis Positive earnings beat
VPB reported Q2 2026 pre-tax profit of VND 10,959B, up 76% YoY, bringing H1 total to VND 18,880B (+68%). TPBank (TPB) also posted solid growth with Q2 profit of VND 2,562B (+26%).
Jun 03, 2026 Full Analysis Negative leadership change
Hai Phong Thermal Power (HND) appointed Mr. Tran Xuan Truong as Acting General Director effective June 1, 2026, following the prosecution of former CEO Duong Son Ba for forging documents.
May 25, 2026 Full Analysis Negative leadership change
Hai Phong Thermal Power (HND) announced CEO Duong Son Ba has been detained and prosecuted for forging documents of state agencies. The board appointed Chairman Ta Cong Hoan as the new legal representative effective May 21.
May 25, 2026 Full Analysis Negative leadership change
Hai Phong Thermal Power (HND) disclosed that its CEO Duong Son Ba has been prosecuted and detained for allegedly forging documents of an organization, linked to a broader environmental monitoring scandal involving 74 defendants across 59 companies. The arrest raises governance and operational risks for HND, which is 51% owned by Generation Company 2 (GE2).
May 25, 2026 Full Analysis Negative leadership change
HND CEO Duong Son Ba has been arrested and detained on charges of forging state documents, prompting the board to immediately appoint Chairman Ta Cong Hoan as the new legal representative. The arrest is linked to a broader environmental monitoring scandal involving multiple power plants.
May 25, 2026 Full Analysis Negative legal action
HND CEO Duong Son Ba was prosecuted and detained on May 21, 2026, for allegedly forging documents as part of a broader environmental monitoring scandal involving multiple thermal power plants, including QTP. The scandal has already led to arrests at Quang Ninh Thermal Power (QTP).
Full Analysis Positive earnings beat
Hai Phong Thermal Power (HND) posted H1 2026 net profit of VND 508B (+25% YoY) and revenue of VND 6,081B (+8%), despite the May arrest of CEO Duong Son Ba on document forgery charges. The company carries no debt and maintains strong operational momentum, though governance risk remains elevated.
Full Analysis Negative leadership change
Hai Phong Thermal Power (HND) has temporarily delegated Chairman authority to board member Doan Duc Toan following the arrest of General Director Duong Son Ba for document forgery. The move signals ongoing leadership instability at the 1,200 MW coal-fired power plant operator listed on HOSE.
Full Analysis Negative leadership change
Hai Phong Thermal Power (HND) appointed Mr. Tran Xuan Truong as acting CEO after former CEO Duong Son Ba was prosecuted for document forgery related to environmental monitoring violations.
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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: 2026-09-15T16:36:39Z.