Trần Vũ Minh, son of Hòa Phát Chairman Trần Đình Long, bought only 10 million of the 50 million HPG shares he had registered, completing 20% of his plan between October 7 and October 28, 2026. He attributed the shortfall to unfavorable market conditions, and his stake rose from 2.732% to 2.85% of charter capital as his holding grew from over 230.65 million to over 240.65 million shares. In Q3 2026, Hòa Phát's revenue rose 70% to VND 62,669 billion and after-tax profit rose 106% to VND 8,265 billion. Nine-month revenue reached VND 171,539 billion, up 54%, meaning 82% of the full-year revenue target of VND 210,000 billion has been achieved, while profit exceeded the full-year profit plan of VND 22,000 billion by 8%. HPG's share price has fallen about 9% since the start of the year.
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Original headline: Con trai tỷ phú Trần Đình Long chỉ mua 1/5 số cổ phiếu HPG đã đăng ký
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Related tickers and likely impact
HPG
• NeutralHoa Phat Group
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Basic Resources |
| Industry | Steel |
| Market cap | 183,212 bn VND |
| P/E | 6.7 |
| P/B | 1.23 |
| Close on 11/05/2026 | 21.50 |
| Change that session | -0.92% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Hoa Phat board member plans to sell some HPG shares
Independent board member Đặng Ngọc Khánh of Hòa Phát Group (HPG) has registered to sell 100,000 HPG shares through matched orders between November 4 and December 3, 2026, citing personal financial needs. After the sale he would hold 450,000 shares, down from 550,000, or about 0.005% of charter capital; at the October 30 closing price of 21,000 dong per share, the proceeds would be about 2.1 billion dong. In the third quarter of 2026, Hòa Phát posted revenue of 62,669 billion dong, up 70% year on year, and after-tax profit of 8,265 billion dong, up 106%. For the first nine months, revenue reached 171,539 billion dong and profit 23,746 billion dong, having completed 82% of its full-year revenue target and 108% of its profit target. The group produced 3.7 million tonnes of crude steel in the quarter, up 85% year on year, and paid 12,038 billion dong to the state budget across 20 provinces and cities.
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Ms. Doãn Thị Bích Ngọc, elder sister of Hòa Phát Vice Chairman Doãn Gia Cường, sold 350,000 HPG shares as registered between 9 and 14 October 2026, reducing her holding from 564,696 to 214,696 shares. Conversely, Mr. Trần Vũ Minh, son of Chairman Trần Đình Long, has registered to buy 50 million more HPG shares from 7 October to 5 November 2026 to raise his stake; under an earlier registration he bought nearly 33.3 million shares, with the rest not completed due to unsuitable market conditions. Operationally, Hòa Phát produced 3.7 million tonnes of crude steel in Q3 2026, up 3% from Q2, and 10.7 million tonnes in the first nine months, up 35%.
- Hòa Phát's Borrowings Exceed VND 100,000 Billion for the First Time
Hòa Phát's financial debt rose by more than 13,000 billion VND from the end of last year to 105,736 billion VND, its highest level ever, mainly through short-term borrowings. Interest expenses for the period reached 1,774 billion VND, more than double the same period last year, amid an average bank lending rate of 10.7% in August. Its financial position remains healthy, with owners' equity of 149,568 billion VND (up 14%) and cash and deposits of 46,273 billion VND. In Q3, revenue reached 62,669 billion VND, 2.3 times the year-earlier level, with steel sales making up about 96%; after-tax profit was 8,265 billion VND, up 106% from Q3 2025. The steel rail plant project is about 80% complete, with the first product expected to come off the line in Q1 next year.
- 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.
- Reason revealed why billionaire Trần Đình Long's son did not buy all the HPG shares he registered
Trần Vũ Minh, son of Hòa Phát chairman Trần Đình Long, bought 10 million HPG shares out of 50 million registered between October 7 and October 28, 2026, completing 20% of the plan. In his report to regulators, he cited unfavorable market developments as the reason the trades were not completed. It is not the first time: his March–April 2026 registration of 50 million shares ended with 33,291,904 shares bought (about 66.6%), so across 2026 he has bought 43.29 million of 100 million registered (43.3%). His holding rose from 230.65 million to 240.65 million shares, or 2.85% of charter capital.
- Market Pulse 03/11: Steel Stocks Post a Positive Session
VN-Index fell more than 11 points to close below 1,700, despite a rebound early in the afternoon session, while HNX-Index rose nearly 1 point to above 251.4. Liquidity shrank sharply, with HOSE volume down 30% and HNX down 45%, bringing total trade value to VND13.8 trillion. Advancers (340) outnumbered decliners (300), but a 3.3% drop in VIC dragged the index lower, while HPG added 1.5 points. Steel stocks led gains, with HPG, NKG, HSG and VGS up 3–4%. Foreign investors were net sellers of nearly VND500 billion, mainly MBB and VCB, while HPG and SHB saw net buying.
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