OCH

OCH's 86%-owned subsidiary VIPTOUR-TOGI has its land for the StarCity Westlake 5-star hotel project revoked by Hanoi authorities due to prolonged delays. The project, with a book value of VND 179.5 billion, has been stalled for years despite extensions. This regulatory action poses a material risk to OCH's asset value and may impair its balance sheet.

OCH (One Capital Hospitality) plans a private placement of 130 million shares at 10,000 VND/share to raise up to 1,300 billion VND, primarily to increase its stake in IDS Equity Holdings to 48.68%. The company targets 2026 revenue of 1,704 billion VND (+47%) and pre-tax profit of 407.6 billion VND (3x), aiming to eliminate accumulated losses and resume dividends.

One Capital Hospitality (OCH) targets 2026 pre-tax profit of VND 407.6 billion, triple the 2025 result, and revenue of VND 1,704 billion (+47%). The plan hinges on a private placement of 130 million shares to fund the acquisition of nearly 21 million IDS Equity Holdings shares, making OCH the largest shareholder. The M&A would immediately give OCH a large asset portfolio across hospitality, real estate, and consumer staples.

OCH targets a private placement of 130 million shares to raise approximately VND 2,000 billion, with proceeds earmarked to acquire over 18% of IDS, lifting its stake to nearly 49%. The move comes as OGC shareholders rejected a similar issuance, highlighting divergent strategies within the Ocean Group.

OCH (HOSE) targets 2026 consolidated revenue of VND 1,704 billion (+47%) and net profit of VND 365 billion (+275%), supported by a planned capital increase to fund new resort projects like MGallery Ninh Vân Bay and Melia Hạ Long Bay. The company aims to exit accumulated losses by year-end 2026, creating conditions for potential annual dividend payments.