Hoa Phat sells over 151,000 pigs as MBS keeps target for Hoa Phat stock

Published on 10/20/2026 at 10:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hoa Phat sold over 151,000 pigs in Q3, up 47 percent from Q2. MBS kept a VND 32,000 target for Hoa Phat stock on October 13, 2026.

Production and analyst signals

Hoa Phat sold over 151,000 pigs in the third quarter of 2026, up 47 percent from the second quarter.
Hoa Phat sold over 10.3 million tonnes of steel in the first nine months of 2026, up 39 percent year over year.
MBS kept a VND 32,000 target for Hoa Phat stock on October 13, 2026.

Hoa Phat, VN000000HPG4, Illustration mit AI erstellt.

Hoa Phat reported over 151,000 pigs sold in the third quarter of 2026, up 47 percent from the second quarter, according to Hoa Phat Group on October 15, 2026. The update adds an operating signal beyond the steel division, while MBS kept a VND 32,000 target for Hoa Phat stock on October 13, 2026, as reported by BNEWS.

Three operating updates

On October 12, 2026, Hoa Phat said its third-quarter steel sales reached 3.8 million tonnes, up 8 percent from the second quarter and 54 percent from the same quarter of 2025. HRC sales exceeded 2 million tonnes, up 8 percent quarter over quarter and 64 percent year over year, according to Hoa Phat Group.

On October 13, 2026, MBS maintained its VND 32,000 target and forecast third-quarter steel consumption at 4.1 million tonnes, up 38 percent year over year. The same forecast put revenue at VND 55.2 trillion and net profit at VND 5.6 trillion, up 50 percent and 40 percent year over year, respectively, according to BNEWS.

On October 15, 2026, the livestock division reported third-quarter feed consumption of over 98,000 tonnes, over 151,000 pigs sold and over 87 million eggs supplied. The pig figure rose 47 percent from the second quarter, while egg output increased 1 percent, according to Hoa Phat Group.

What does the target imply?

The analyst case rests on volume growth, but BNEWS also identified higher financial costs and slower steel demand as risks. Hoa Phat's nine-month steel sales reached over 10.3 million tonnes, up 39 percent year over year, with HRC at 5.47 million tonnes, up 59 percent. That mix makes Dung Quat 2 and selling prices central to the earnings outlook.

Dates and investor focus

The latest dated operating releases are October 12, October 13 and October 15, 2026. The October 15 livestock update is the most recent disclosed operating milestone, while the MBS forecast provides the next earnings benchmark with its VND 5.6 trillion estimate.

HOSE listing and business scale

Hoa Phat is listed on the Ho Chi Minh Stock Exchange under ticker HPG and ISIN VN000000HPG4, according to Global Banking and Finance Review. Its annual crude-steel capacity is 16 million tonnes, and over 60 percent of output is classified as higher-quality steel, according to Hoa Phat's October 12 update. The combination of steel volume, HRC growth and livestock expansion gives investors three measurable operating signals for the next results release.