Hoa Phat reports 10.3 million tonnes of sales: what it means for Hoa Phat stock

Published on 10/16/2026 at 11:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MBS kept a VND 32,000 target on October 13, 2026. HRC sales reached 5.47 million tonnes, up 59.00 percent in nine months.

Sales growth and earnings expectations

Nine-month steel sales reached 10.3 million tonnes on October 15, 2026.
MBS kept a VND 32,000 target for Hoa Phat on October 13, 2026.
Tran Vu Minh registered to buy 50 million shares between October 7 and November 5, 2026.

Hoa Phat, VN000000HPG4, Illustration mit AI erstellt.

Hoa Phat (VN000000HPG4) reported combined steel sales of 10.3 million tonnes in the first nine months of 2026, up 39.00 percent year over year, according to Vietnamnet on October 15, 2026. Hot-rolled coil sales reached 5.47 million tonnes, an increase of 59.00 percent.

Sales growth broadens the steel case

The sales mix matters because Hoa Phat is expanding beyond construction steel. The first nine months of 2026 included construction steel, hot-rolled coil, high-quality wire rod and steel billets, with hot-rolled coil providing the fastest quantified growth at 59.00 percent, according to Vietnamnet.

What does the target mean?

MB Securities, known as MBS, kept a VND 32,000 target for Hoa Phat on October 13, 2026, according to BNEWS. Its third-quarter 2026 forecast called for VND 55,200 billion in revenue, VND 5,600 billion in net income and a 17.00 percent gross margin. Those estimates compare with second-quarter revenue of VND 55,158.90 billion and net income of VND 6,371.02 billion reported in the financial summary for the latest quarter by Investing.com.

Three dated signals for Hoa Phat

On October 5, 2026, Tran Vu Minh registered to buy 50 million Hoa Phat shares, while MBS forecast third-quarter net income of VND 5,600 billion, up 40.00 percent year over year, according to Aveluro. On October 13, 2026, MBS maintained its VND 32,000 target and forecast VND 55,200 billion in third-quarter revenue, up 50.00 percent year over year, according to BNEWS. On October 15, 2026, Hoa Phat reported nine-month sales of 10.3 million tonnes, up 39.00 percent, with hot-rolled coil sales up 59.00 percent, according to Vietnamnet.

Which dates matter next?

The registered purchase window runs from October 7 through November 5, 2026, according to Aveluro. The next major test is the third-quarter 2026 result against MBS forecasts of VND 5,600 billion in net income and a 17.00 percent gross margin.

Hoa Phat's operating profile

Hoa Phat Group Joint Stock Company is listed on the Ho Chi Minh Stock Exchange under ticker HPG and operates primarily in steel, with additional agriculture, industrial production and real estate activities. Its quantified 2026 picture combines 10.3 million tonnes of nine-month steel sales with MBS's VND 55,200 billion third-quarter revenue forecast.