BAF Vietnam Agriculture JSC (BAF) reported third-quarter 2026 net revenue of VND 2,067 billion, up 82% year on year, while nine-month net revenue reached VND 5,956 billion, up 63% on its integrated livestock and food operations. Nine-month profit after tax was nearly VND 331 billion, down 9%, and third-quarter profit fell 6% to VND 21.2 billion, as live hog prices dropped sharply toward quarter-end, feed costs rose and investment continued across the Feed–Farm–Food chain. The balance sheet as of September 30, 2026 reflects heavy capital spending to expand this chain, which the article treats as a growth cost. BAF operates three feed mills serving more than 50 farms, an estimated herd of 1,000,000 pigs, and three slaughter and processing plants. It is also studying a partnership to develop poultry production.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: BAF báo lãi gần 331 tỷ đồng sau 9 tháng
Keywords
Open a keyword to see other news on the same topic.
Related news
- Hoa Phat Agriculture sets date for 2026 interim cash dividend
Hoa Phat Agriculture (HPA) will pay an interim cash dividend for 2026 at 18%, equal to 1,800 VND per share, with a last registration date of 12/11/2026 and payment expected on 27/11/2026. With 285 million shares outstanding, HPA expects to pay about 513 billion VND, funded by undistributed after-tax profit in the interim financial statements reviewed as of 30/6/2026. Parent company Hoa Phat Group (HPG), which holds over 84.5% of the capital, is expected to receive nearly 434 billion VND. In Q3, consolidated revenue fell 19% to 1,685 billion VND and after-tax profit fell 16% to 300 billion VND year on year, mainly due to lower volumes of pigs and cattle sold. For the first nine months, HPA earned 948 billion VND, completing 94% of its full-year after-tax profit plan, with pig farming as the main driver.
- Domestic Pork Costs More Than Imported Pork
A survey in Ho Chi Minh City found imported Russian pork belly at about 107,500 VND per kg, while domestic pork belly was nearly 167,000 VND per kg, roughly 55% higher. Although pork imports in the first eight months rose 19% in volume to 124,100 tonnes, their value fell about 24% to 213 million USD, while domestic pork output in nine months reached 4.28 million tonnes, up 4.4%. Live hog prices in Vietnam in mid-October reached 51,700 VND per kg, the second highest among nine markets compared, while slaughter, transport and distribution costs further push up retail prices. Feed accounts for 60-70% of livestock production costs and Vietnam imports 70-80% of its raw materials, while sows produce 18-22 pigs a year, compared with about 36 in developed markets. Industry officials say improving competitiveness requires better breeding stock, productivity, disease control and domestic feed materials.
- After 15 years in farming, Bau Duc keeps switching crops and livestock to find a path for HAGL
Over roughly 15 years of farming, Đoàn Nguyên Đức (Bầu Đức) of HAGL has repeatedly switched crops and livestock, from rubber, sugarcane and cattle to passion fruit, chili, dragon fruit, banana, pigs, durian and most recently coffee. HAGL announced in 2012 that it had planted 50,000 ha of rubber, but long waits before harvest pushed it toward faster-cycle products under the principle of 'short-term crops fund long-term ones'. Banana became a core business, with about 7,000 ha maintained in 2025 and exports to Japan during 2019-2022. Banana rejects are fed to pigs, and HAGL announced capacity of about 500,000 pigs in 2024. This evolved into a circular agriculture model, included in HAGL's 2024-2030 business strategy.
- VietCredit Posts Nearly VND 1,559 Billion in Pre-Tax Profit After Nine Months as Outstanding Loans Top VND 20,900 Billion
VietCredit (UPCoM: TIN) reported nine-month pre-tax profit of VND 1,558.6 billion, nearly double the VND 779.4 billion a year earlier, and after-tax profit of about VND 1,248.5 billion, up over 90%. Net interest income for the period reached about VND 5,186.5 billion, up nearly 160%, driven by loan growth as outstanding customer loans reached VND 20,928 billion, up more than 124% year on year. Total assets reached VND 26,219 billion, while nine-month credit risk provisions exceeded VND 2,144 billion and the overall non-performing loan ratio was about 6.75%. The article notes that newly issued loans, especially in fast-growing products, will need more time to be fully reflected in overdue and bad debt figures in coming periods.
- Vincom Retail earns nearly VND 17 billion a day
Vincom Retail, operator of Vincom shopping centres, reported third-quarter profit after tax of 1,522 billion VND, up more than 10% from a year earlier. Revenue reached 2,374 billion VND, up 5.5%, with 96% coming from leasing investment property. Financial income rose 16% to 935 billion VND on higher interest income from deposits, loans and deposit placements, while interest, selling and administrative expenses all fell. For the first nine months, net revenue reached 7,041 billion VND (up nearly 8%) and profit after tax reached 4,737 billion VND (up more than 25%). The company operates about 100 shopping centres and targets 110, with roughly 3.5 million sq m of floor space.
- TPBank Pre-Tax Profit Nears VND 7,500 Billion After Nine Months
TPBank (HOSE: TPB) reported nine-month profit of VND 7,464 billion, up 23.4% year on year, as consolidated total assets rose 17.9% from end-2025 to close to VND 600,000 billion at September 30, 2026. Outstanding credit, including corporate bonds, exceeded VND 345,000 billion, up 10.5% from the start of the year and reaching 96% of the annual plan, while total funding topped VND 529,000 billion, up 18.8% from end-2025. Net service income reached VND 3,559 billion, up 21.3%, and ROE was 16.63%, up 0.18 percentage points. The consolidated NPL ratio under Circular 31 fell to 1.52%, down 0.30 percentage points from a year earlier.
Related markets
Latest news
- The US Shifts After the Election: Ukraine Gains Hope, Iran Stands at a Crossroads
Democrats won control of both the House and Senate in the midterm elections, which could shift US policy on Iran, Israel and Ukraine. Two sources told Reuters the risk of a new full-scale US attack on Iran after the vote has fallen, though a heavy Republican defeat could make Tehran more confident. On Ukraine, Democrats could propose new aid that might override Trump's veto with a two-thirds majority, though this would be slow to pass. Oil prices fell for three straight days, but low inventories are seen limiting further declines. Analysts also say the election could give some Asian countries reason to delay investment pledges made to avoid tariffs.
- Dow Jones Futures Rise, But Techs Tumble; Apple, Microsoft, Amazon Flash Buy Signals In Postelection Rally
Stocks surged after the elections and a sharp drop in oil prices. Shares across many sectors show buy signals, but the article also points to one area to avoid.
- Why Accel Entertainment Was a Huge Winner on Wednesday
Accel Entertainment (ACEL) shares rose 13.15% on Wednesday after third-quarter results beat analyst estimates. Revenue grew 10% year over year to almost $364 million, and adjusted (non-GAAP) net income rose 12% to more than $18 million, or $0.22 per share, above forecasts of under $357 million and $0.17 per share. Growth came mainly from more gaming machines, which rose 7% to 29,548 across 4,705 locations (up 6%), with strong performance in Georgia, Nebraska and Illinois. The author views the company's business model as straightforward and reliably profitable, with positive cash flow.
- 6-month currency swap: Supporting liquidity, easing interest rate pressure
Mr. Nguyễn Thế Minh, Director of Investment Banking at ABS Securities, views the State Bank of Vietnam's 6-month foreign currency–VND swap operation as a suitable measure to support VND funding for credit institutions as interbank rates have trended upward. Exchange rate pressure has eased significantly compared with last year, creating favorable conditions for the operation. The relatively favorable swap cost could help banks balance liquidity and ease short-term interest rate pressure, while household deposits have recently risen. However, the maximum size of USD 2 billion and the 6-month tenor mainly address temporary liquidity needs and do not solve long-term funding issues.
- Is the AI Bubble Popping?
The Motley Fool podcast discusses fears of an AI bubble and whether AI investments will deliver real returns. Meta's AI agent app Muse reached 10 million downloads and 2.5 million active users but is still barely monetized, while infrastructure and operating costs are high. Speakers say it may take until 2030 or even 2035 to know whether this spending pays off. The episode also covers SpaceX's spending ambitions, weak consumer spending and Netflix's growth challenges, and notes the Nasdaq was heading for a drop of over 5% in two weeks.
- Why are banks cutting staff en masse?
Staffing in the banking sector is diverging: many banks have cut jobs after restructuring, while others are still hiring. KienlongBank's headcount fell by 1,078 to 2,596 in just one quarter as of 30 September, tied to network reorganisation and a shift to multichannel service; Sacombank cut 3,738 staff in the first six months, and Eximbank's headcount fell by 783 from the start of the year to 5,358. By contrast, ACB added 236 staff to reach 12,691. Expert Nguyễn Quang Huy says the adjustments reflect business model transition and changing skill needs rather than a negative layoff wave, while Dr. Châu Đình Linh says digitalisation and automation are accelerating restructuring, with fewer but higher-quality staff.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.