Hoa Sen Group (HSG) has announced its fourth-quarter and cumulative results for fiscal year 2025-2026 (from 01/10/2025 to 30/9/2026). Consolidated output reached 1,794,500 tons, 97% of plan; consolidated revenue reached 37,736 billion VND, 102% of plan; and consolidated after-tax profit reached 623 billion VND, 104% of plan under the high-case plan. Book value was about 14,735 VND per share as of 30/9/2026. Domestic demand is improving on public investment and infrastructure, but competition is rising due to excess domestic steel supply, high raw material costs and high interest rates, while exports face trade protection tendencies and trade defence measures. The group operates 9 factories and over 400 branches and stores domestically, with a business network in 100 countries and territories, and is developing the Hoa Sen Home building materials and furniture supermarket system through a company established in January 2026.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Tập đoàn Hoa Sen đạt 623 tỷ đồng lợi nhuận sau thuế trong NĐTC 2025 - 2026, hoàn thành 104% kế hoạch ở phương án cao
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
HSG
▲ Likely positiveHoa Sen Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Basic Resources |
| Industry | Steel |
| Market cap | 9,001 bn VND |
| P/E | 13.7 |
| P/B | 0.76 |
| Close on 10/30/2026 | 10.85 |
| Change that session | -2.69% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Series of Steel Companies Report Big Profits in Third Quarter of 2026
A series of steel companies reported sharply higher profits for the third quarter of 2026. TISCO (TIS) posted net revenue of VND 3,842 billion, up nearly 39%, and swung to a net profit of over VND 4 billion from a VND 12 billion loss a year earlier; its nine-month profit reached nearly VND 28 billion versus a loss of nearly VND 7 billion in the prior year. Thép Thủ Đức – VNSTEEL (TDS) reported net profit of nearly VND 3 billion, up 75%, with gross margin rising to 3.3%. Thép Tấm lá Thống Nhất (TNS) saw quarterly revenue fall 31%, yet net profit reached nearly VND 10 billion, up over 870%, as it shifted toward higher-margin products and cost of goods fell faster than revenue.
- EU 'Inviting Disaster' with Carbon Tax on Steel, Says Piyush Goyal
- EU inviting disaster with carbon tax on steel, says Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal on Thursday criticised the EU’s carbon tax on steel at the Berlin Global Dialogue, saying the bloc was “inviting disaster” by adding costs that could raise living costs and weaken industrial competitiveness. He said the Carbon Border Adjustment Mechanism (CBAM), along with a 50% import duty on steel, could make steel, aluminium and cement more expensive and affect infrastructure projects such as ports, airports and highways. Goyal warned that such regulations could prompt reciprocal measures from trading partners, hurting European businesses. He also noted that India accounts for only 3-3.5% of global carbon emissions despite supporting around 17% of the world’s population.
- Steel Stocks Surge Unexpectedly in Early-Week Session as VN-Index Loses More Than 14 Points
In the session of October 12, steel stocks unexpectedly rallied, with NKG up 6.89%, HSG up 3.54% and HPG up 2.99%, while selling pressure in real estate, oil and gas, and fertilizer pushed the VN-Index down 14.11 points to 1,720.98. Money shifted into steel, banks and construction, while PNJ reversed to fall 6.92% to 18,150 dong after an earlier limit-up session. Even after the Asian Institute of Gemology and Sciences (AIGS) reported that 100% of PNJ's sampled diamonds were natural, the stock was heavily sold. Foreign investors were net sellers of over 600 billion dong across the market, most heavily in TCB, while HPG drew the largest net buying at more than 128 billion dong.
- EU inviting disaster by imposing carbon tax on steel , says Goyal
Commerce and Industry Minister Piyush Goyal said at the Berlin Global Dialogue that the EU is “inviting disaster” with its carbon border tax (CBAM) on steel, which he said would raise infrastructure costs and the cost of living. He argued that the EU's 75-77 regulations and a 50% import duty on steel make its industry uncompetitive and could create non-tariff barriers for trade partners. Under CBAM, Indian steel, aluminium and cement exports to the EU could face tariffs of 20-35%. Goyal said India accounts for only 3-3.5% of global carbon emissions while supporting 17% of the world's population, and that its per capita emissions are 7-8 times lower than those of Western nations. He added that CBAM does not recognise the principle of common but differentiated responsibilities.
- Hoa Phat sells over 10.3 million tonnes of steel in nine months, up 39% year on year
In Q3 2026, Hoa Phat produced 3.7 million tonnes of crude steel, up 3% from the previous quarter, and sold 3.8 million tonnes of steel, billet and HRC combined, up 8% quarter on quarter and 54% year on year. For the first nine months of 2026, total sales exceeded 10.3 million tonnes, up 39% from a year earlier, with HRC sales of 5.47 million tonnes, up 59% and accounting for more than half of total volume. Exports made up 24.6% of HRC volume, and the product has been shipped to 26 countries and territories. Construction steel and high-quality wire rod sales for the nine months topped 4 million tonnes, up 15%, while billet volume rose 69% to 811,000 tonnes. The company's crude steel capacity is 16 million tonnes per year, the largest in Southeast Asia, and over 60% of its output is high-quality steel.
Related markets
Latest news
- TRM and Chainalysis Tie $6.4B Binance Hack to North Korea's TraderTraitor
TRM Labs and Chainalysis have both attributed the Binance hack to TraderTraitor, the North Korean group the FBI blamed for the $1.5 billion Bybit hack. TRM put the theft at about $6.36 billion, moved from Binance wallets on 10 blockchains mostly within about 20 minutes from 4:05 p.m. ET on Thursday, while Chainalysis put it at about $6.4 billion and saw stolen funds mixing with proceeds of the Bitget exploit. The attacker holds more than 420,000 ETH and 18,270 BTC, about $2.4 billion beyond any issuer's reach, while issuers including Tether and Circle have frozen about $2.67 billion in stablecoins. Binance has reserved more than $6.34 billion of company funds to cover losses, $5 billion of it already held in the stolen tokens.
- Buy, Sell, or Hold? Today’s Top Upgrades and Downgrades: Boston Scientific, DoorDash, GE Vernova, Honeywell Aerospace, Incyte. Intel, Reddit, Rivian Automotive, and More
Tech stocks weighed on premarket futures on Friday, with Nasdaq futures down almost 2.5% after Alphabet posted its worst third-quarter results in years and closed Thursday down 12.64% at $283.82. Intel beat estimates, but its guidance disappointed; shares closed at $92.07 and were trading at $68.26 premarket, down almost 26%. Amazon closed down 4.25% and was 6.78% lower premarket, while SanDisk, which beat on both revenue and earnings and announced an 8-for-1 forward stock split, closed down 5.32% and fell a further 8.50% premarket. In analyst actions, DoorDash, GE Vernova, Incyte, Intel and Rivian Automotive were upgraded, while Boston Scientific, Honeywell Aerospace, Intel, Reddit and Stryker were downgraded. Nasdaq (NDAQ) was initiated with a Buy rating at Erste Group, without a price target.
- Microsoft Is Borrowing $25 Billion for AI, Its First Bond Sale Since 2017
Microsoft priced $25 billion of senior unsecured bonds on October 29, its first U.S. dollar bond sale since 2017, with orders reaching $115 billion, or 4.6 times the deal size. The company held $64.5 billion of cash and short-term investments against $31.1 billion of long-term debt, yet fiscal first-quarter capital spending including finance leases reached $45.2 billion. The stated use of proceeds is general corporate purposes, including capex and share buybacks, and Microsoft now expects about $175 billion of calendar 2026 capex, down from $190 billion in April, mostly due to an accounting change. The 2066 bond priced at 1.05 percentage points over Treasuries, while Microsoft's five-year credit default swaps sit at about 54 basis points, compared with 116 for Meta and 275 for Oracle.
- More Banks Cut Deposit Rates
MSB, VietABank and GPBank have each cut deposit rates by 0.5 percentage points for 6- to 36-month terms, continuing a wave of cuts in line with government and State Bank of Vietnam policy. At MSB, online end-of-term deposit rates for individuals are now 5.8% a year for 6–11 months and 6.3% for 12 months, while VietABank lists 5.5%–5.8% a year for 6–36 months. Sacombank also cut rates by 0.5 percentage points from October 20, 2026. In the interbank market, the average overnight VND rate fell 0.2 percentage points to 3.95% a year in the week of October 19–23, 2026, while the one-week rate rose to 4.11%; Nguyễn Anh Quân of FiinRatings said rate cuts should be considered carefully given persistent pressure from energy and raw material prices.
- Global chip stocks slide after Intel’s weak outlook
Chip stocks fell across Asia, Europe and the U.S. in premarket trading on Friday after Intel's weak fourth-quarter forecast and Amazon's results revived concerns about AI spending. Intel was down about 25.5% to around $68.61 premarket, even though it beat third-quarter estimates with adjusted EPS of $0.52 and revenue up 21% to $16.5 billion. Its fourth-quarter revenue forecast of $15 billion to $16 billion and adjusted EPS outlook of $0.25 both fell short of analyst expectations of $17.08 billion and $0.44. Amazon fell about 6.3% after missing on revenue and earnings, though it kept its 2026 capex forecast at $220 billion. AMD, Nvidia and Broadcom dropped about 8.2%, 2.9% and 3.8% premarket, while SK Hynix closed 7.1% lower in Asia and ASML fell more than 5% in Europe.
- Dario Amodei Predicted at Davos in January 2025 That AI Could Surpass Humans "at Almost Everything" Within 2 to 3 Years. As Anthropic Prepares for Its $2 Trillion IPO, Is That Timeline Still on Track?
Anthropic has publicly filed its S-1 and is poised to raise more than $100 billion in its upcoming IPO, with rumors pointing to a valuation of around $2 trillion. The article recalls Dario Amodei's January 2025 claim that within two to three years AI could surpass humans at virtually all tasks, and notes AI is now strong at digital work like coding and web research but still lags humans in physical tasks. It argues the 4.2% U.S. unemployment rate is hard to square with that claim, since humans still need to direct AI. Anthropic's Q2 revenue of $11.6 billion, growing more than 10x year over year, would need to keep rising and expand beyond software to support a $2 trillion valuation. The author says that day has not yet come, though the broader prediction may hold in essence.
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.