Analysis Center

HOA SEN GROUP JSC (HSG VN) Hoa Sen Group (HSG, fiscal year (FY): Oct 1, 2025 – Sep 30, 2026) held its 2026 AGM on 03/07/2026 with the following highlights: 2026 Business Plan: HSG adopted a cautious business plan...

KBC’s 2025 business results were in line with projections and showed strong growth compared to 2024, mainly thanks to the handover of 3 industrial clusters in Hung Yen. We maintain our 2026 projections but adjust our end-of-2026 target price...

The company announced 131% YoY growth in EBT to VND1,219bn in 2025, meeting 109% of our projection, and targets 27% YoY growth in 2026. We revise 2026 EBT projection up by 16% to VND1,626bn (+33.4% YoY) as a result...

The company announced 89.5% YoY growth in EAT to VND7,076bn in 2025, meeting 108% of our projection, and continues to target a strong upturn of 30% YoY in 2026 by boosting all major chains. We revise 2026 EAT projection...

The company reported an EAT surge of 31.7% YoY in 4Q2025 thanks to better sales performance and the low base in the same period last year, largely in line with our expectations. Cumulative 2025, the company reported EAT of...

For 2025, BSR achieved revenue of VND 141.57 trillion (+15% yoy, completing 92% annual plan, and 101% of ACBS’s forecast), and net profit of VND 5,189 billion (+722% yoy, completing 240% annual plan, and 173% of ACBS’s forecast). BSR’s...