News about MSN

Phúc Long Heritage posted third-quarter revenue of VND 589 billion, up more than 14% and its highest since Masan began consolidating it, driven by delivery channels and better store performance. Quarterly EBITDA reached VND 107 billion, up nearly 15%, marking the third straight quarter with EBITDA in the hundreds of billions of dong. For the first nine months, revenue rose more than 24% to VND 1,708 billion, EBITDA climbed nearly 32% to VND 335 billion, and after-tax profit reached VND 207 billion, up 46% and already exceeding the VND 195 billion earned in all of last year. The chain opened 26 stores in the quarter, bringing its standalone total to 239, and 44 in nine months, within its 40-50 target for 2026.

In early October, Masan High-Tech Materials (MSR) announced that US-based advanced materials firm Elmet Group had become a strategic shareholder with a 4.99% stake, and the two companies signed a long-term tungsten supply agreement. Under the deal, MSR will supply about 1,250 tonnes of tungsten, measured by WO3 content, per year for more than 8 years, with potential total revenue of roughly USD 1.5 billion at prices at the time of announcement. The two firms had traded for over a decade, and their relationship now extends to capital and supply, linking MSR's Vietnam mining and processing capacity with Elmet's production in the US. MSR also aims to raise its tungsten oxide product capacity to over 8,000 tonnes per year. The moves come as tungsten prices surge, with APT in Europe and the US reaching USD 2,700-2,900 per mtu on October 2, about 355% higher than a year earlier.

After more than a decade investing in tungsten mining and processing, Masan High-Tech Materials (UPCoM: MSR) is starting to generate cash for Masan Group (HOSE: MSN), with about US$350 million expected from dividends and a deal with partner Elmet. In the first 6 months of 2026, MSR booked about US$423 million in revenue and US$83 million in after-tax profit, and management expects full-year revenue of about US$1.4 billion and after-tax profit of about US$233 million. Elmet completed its purchase of a 4.99% stake in MSR for about US$125 million on October 1, 2026, while about US$225 million is expected from the 2026 dividend, subject to approval steps. From fiscal 2027, MSR plans to pay at least 50% of consolidated after-tax profit attributable to parent shareholders. Masan expects its net debt/EBITDA ratio to fall to about 2.3 times by end-2026, from 2.4 times at end-June.