Hoa Phat Agricultural Development JSC shares rise, attract foreign capital on first trading day

On February 6, 2026, 285 million HPA shares of Hoa Phat Agricultural Development Joint Stock Company officially began trading on the Ho Chi Minh City Stock Exchange (HOSE).

By the end of the first trading session, HPA closed at VND43,000 per share, up 2.6 per cent from the reference price, with total trading value reaching VND67.5 billion. Foreign investors recorded net purchases of more than 121,000 shares, equivalent to VND5.3 billion.

During the listing ceremony, Mr. Nguyen Viet Thang, Chairman of HPA, performed the gong-ringing ritual alongside senior leaders of Hoa Phat Group, HPA, and HOSE.

On its debut, HPA opened at VND44,500 per share, 6.2 per cent above the reference price. The stock reached an intraday high of VND45,000 and a low of VND41,950 before closing at VND43,000, maintaining a 2.6 per cent gain over the reference price.

On its debut, HPA opened at VND44,500 per share, 6.2 per cent above the reference price.

Total matched trading volume exceeded 1.55 million shares, corresponding to VND67.5 billion in value. Compared to HOSE’s total market trading value of VND34,308.7 billion for the day, HPA accounted for approximately 0.2 per cent of the exchange’s total turnover.

Foreign investors net bought 121,800 shares on the first trading day, with a total net value of VND5.3 billion. From the following session onward, HPA shares will trade within the standard daily price limit of ±7 per cent, in line with other stocks listed on HOSE.

In January 2026, HPA completed a public offering of 30 million shares, raising VND1.25 trillion. As a result, the company’s charter capital increased from VND2.55 trillion to VND2.85 trillion.

In 2025, HPA recorded revenue of VND8.3 trillion, up 18 per cent year-on-year and exceeding its annual target by 4 per cent. After-tax profit reached VND1.6 trillion, a 55 per cent increase compared to 2024 and 22 per cent above plan.

Commercial pig farming remained the company’s largest business segment, contributing approximately 44 per cent of total revenue. In 2025, output of market hogs exceeded 380,000 head, up 5.9 per cent year-on-year. Breeding pig output reached nearly 280,000 head, a 39.5 per cent increase.

HPA’s sow productivity averaged 33–34 weaned piglets per sow per year - about 1.5 times the Vietnamese industry average - thanks to the use of DanBred breeding stock from Denmark and the company’s strictly controlled, biosecure closed-farm production system.

The animal feed segment posted a record production volume of 357,000 tons in 2025, up 5.5 per cent from the previous year - the highest level in its 10 years of operation. Of this, more than 177,000 tons were sold to the market, up 7.3 per cent year-on-year, while 180,000 tons were supplied internally to Hoa Phat’s farming operations.

HPA’s competitive edge lies in its vertically integrated Feed–Farm model. The company both manufactures animal feed and operates large-scale livestock farms, forming a closed-loop value chain.

Within the broader Hoa Phat Group ecosystem, the group holds the No 1 market share in Australian beef distribution in Vietnam, leads the northern clean egg market, ranks among the top 10 companies in sow herd size, and is one of the top 13 animal feed producers nationwide.

By 2030, HPA targets revenue exceeding VND12 trillion and after-tax profit of approximately VND1.75 trillion, while maintaining return on equity (ROE) above 25 per cent.

Over the next five years, the company plans to invest more than VND1.5 trillion to build three additional pig farms and a third animal feed plant in northern Vietnam. This expansion will raise total capacity to 1 million tons of animal feed per year and 900,000 market hogs annually.

As a listed company, HPA commits to maintaining transparent and timely financial reporting in full compliance with regulatory requirements.

Regarding its dividend policy for the 2026–2030 period, HPA does not plan to issue additional shares for capital raising purposes, thereby avoiding dilution of existing shareholders’ ownership.