VHC

China overtook the US as Vietnam's largest seafood market in H1 2026, with exports reaching $5.7 billion (+11.4%). Shrimp and pangasius drove growth, but US protectionist measures threaten H2 outlook for ANV, IDI, and VHC.

Vinh Hoan (VHC) completed a 15 million share buyback at an average price of VND 61,988 per share, funded from retained earnings, to reduce charter capital and enhance shareholder value. The company also announced 2026 revenue and net profit targets of VND 14,000 billion (+16%) and VND 1,600 billion (+13%), alongside a VND 1,520 billion investment plan for capacity expansion.

VHC completed a VND 930 billion buyback of 15 million shares (6.7% of outstanding) to reduce charter capital and enhance shareholder value. The move follows a strong Q1 with net profit up 35% YoY, and the company holds over VND 3.9 trillion in idle cash.

Foreign investors net sold nearly VND 1,000 billion on May 5, 2026, with net sell of VND 997.5B, while domestic individuals net bought VND 760.8B. The VN-Index rose 20.79 points, almost entirely from VIC and VHM, but breadth was negative with 213 declining stocks, indicating a narrow rally.

Foreign investors net sold VND 4,690.2 billion (USD 187.6 million) in the week before the holiday, with net sell on order matching of VND 3,419.9 billion. The selling was concentrated in banking stocks and FPT, while domestic individuals and institutions absorbed the supply. The VN-Index rose 1.99% but liquidity declined, suggesting the rally was narrow and driven by VIC and VHM.

Vinh Hoan (VHC) posted Q1-2026 net profit of VND 286B (+35.3% YoY) on revenue of VND 2,955B (+11.6%), driven by improved fishmeal and fish oil margins. However, the company recorded a nearly 40% loss on its VND 44.5B portfolio of real estate stocks DXS and NLG, underscoring the risk of non-core equity investments.