HPA

HPA will distribute a cash dividend of 21% for 2025, worth nearly VND 600B, to over 2,300 shareholders on June 3, 2026. The payout follows a total 2025 dividend of 56.46% in cash, reflecting strong earnings. The company targets 2026 net profit of VND 1,005B and maintains a cash dividend policy through 2030.

ITD was added to HOSE's margin-cut list after receiving a tax penalty for fiscal years 2022-2025, totaling VND 630.6 million. The list now includes 68 stocks, many under warning, control, or with negative profits, restricting leverage for investors.

HOSE has removed margin eligibility for 67 stocks effective May 2026, citing warning/control status, negative earnings, or listing under six months. The list includes AAN (listed May 22), ABS, HVN, and DLG, restricting leverage for retail investors and potentially reducing trading liquidity in these names.

HPA reported Q1 2026 net profit of VND 345 billion, achieving 34.3% of its full-year target, and announced a total cash dividend payout of 36% for 2026. The company's 2025 results showed strong growth with net profit up 55% to VND 1,600B, driven by its pig farming segment, while 2026 targets are set lower due to anticipated challenges.

Nearly 70% of retail and consumer stocks tracked fell in H1 2026, with MWG down 11.2%, FRT down 21%, and DBC down over 22%. Meanwhile, institutional investors including Dragon Capital and HDCapital have driven demand for the Dien May Xanh IPO and PVN's divestment from PET, signaling strategic positioning despite weak market sentiment.

HPA's Q1 2026 after-tax profit fell 15.2% to 345 billion VND on revenue of 1,764 billion VND (-11.3% YoY), driven by lower hog and cattle sales volumes and weaker hog prices. Despite the decline, HPA maintained the highest net profit margin among peers at 19.6%, underscoring cost control advantages.

HPA's Q1 2026 after-tax profit fell 15.2% to 345 billion VND, with net revenue down 11.3% to 1,764 billion VND, driven by lower hog and cattle sales volumes and declining hog prices. Despite the earnings miss, the hog segment maintained a 33% net profit margin, supported by the company's closed-loop value chain. HPA holds significant cash and deposits, generating 20.5 billion VND in interest income.

Hoa Phat Agriculture (HPA) reported 2025 net profit of VND 1.600 trillion, a 55% year-on-year increase that surpassed its target by 22%, and approved a 56.4% cash dividend for the year. The company's integrated farming model, particularly in pigs which contributed 67% of profit, drove strong returns with ROE reaching 34%. For 2026, HPA set a conservative profit target of VND 1.005 trillion and plans to maintain its cash dividend policy through 2030 while expanding herd sizes and feed mill capacity.