Sabeco stock reports stronger half-year profits

Published on 10/07/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sabeco stock posted VND 2,489 billion in first-half profit, up 21.4 percent year over year. The share price stood at VND 42.55 on October 7, 2026.

Sabeco, VN000000SAB4, Illustration mit AI erstellt.

Sabeco stock stood at VND 42.55 on the Ho Chi Minh City Stock Exchange on October 7, 2026, while the brewer's first-half net profit rose 21.4 percent to VND 2,489 billion. The earnings improvement gives the stock a stronger operating backdrop, but the share price remains 15.3 percent below its 52-week high of VND 50.24.

Profit growth outpaces revenue

According to Nodudo in its September 19, 2026 report, Sabeco generated VND 13,345 billion of net revenue in the six months through June 2026, up 5.8 percent from the prior-year period. Beer revenue increased 6.8 percent to VND 12,624 billion, keeping the core business responsible for most of the sales base.

Gross margin reached 38 percent in the first half, compared with 34.3 percent a year earlier, while gross profit increased 17.3 percent to VND 5,068 billion. The combination shows that pricing and input costs supported profitability more strongly than volume growth alone.

Costs remain the key counterweight

The same Nodudo report said second-quarter selling and administrative expenses reached VND 1,410 billion, up 22 percent year over year and 24.1 percent from the prior quarter. That increase limited the conversion of stronger gross profit into bottom-line growth and leaves marketing efficiency as an important earnings variable.

Vietstock reported on October 1, 2026 that Sabeco's exports reached 139 percent of its first-half plan and rose 221 percent year over year. The company also had VND 20,729 billion in cash and short-term financial investments at the end of June, against total borrowings of VND 367 billion.

Target sits above the market

VDSC listed a Buy recommendation and a VND 52,000 price target in an update dated September 29, 2026, shown on 24HMoney. The target stands 22.2 percent above the VND 42.55 price, making the broker view dependent on continued margin strength and better operating leverage.

Sabeco stock stays below its high

Sabeco stock was last shown at VND 42.55 on HOSE on October 7, 2026. Its 52-week range was VND 39.48 to VND 50.24, and market capitalization was VND 54.6 trillion as of the same quote page update.