Guotai Haitong sets VND 59,000 target for Vietnam Dairy Products stock

Published on 10/16/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Guotai Haitong set a VND 59,000 target on October 13, 2026. Vietnam Dairy Products stock posted VND 34.996 trillion in first-half revenue.

Growth and expansion milestones

Guotai Haitong set a VND 59,000 target on October 13, 2026.
First-half revenue reached VND 34.996 trillion, up 17.80 percent year over year.
Vinamilk is scheduled to disclose third-quarter 2026 results on October 30, 2026.

Vietnam Dairy Products, VN000000VNM8, Illustration mit AI erstellt.

Vietnam Dairy Products (ISIN VN000000VNM8) received a VND 59,000 price target from Guotai Haitong on October 13, 2026, while first-half revenue reached VND 34.996 trillion, up 17.80 percent year over year. The combination puts earnings execution and the companys overseas expansion at the center of the next reporting cycle.

Target reflects a narrow margin

According to 24HMoney, Guotai Haitong assigned a VND 59,000 target on October 13, 2026, against a VND 58,400 reference close dated October 12, 2026. Its 2026 revenue forecast was VND 66.951 trillion, up 5.20 percent from the prior year, with a projected gross margin of 41.60 percent.

Three milestones shape the story

On October 7, 2026, Thuong Hieu Manh reported second-quarter revenue of VND 18.847 trillion, up 12.50 percent, and six-month net profit of VND 5.643 trillion, up 38.40 percent. On October 10, 2026, VNA reported that total investment in Angkormilk had reached USD 51.70 million and that first-nine-month revenue rose 230.00 percent. The October 13 Guotai Haitong target completed the sequence.

What does expansion mean for earnings?

Angkormilk gives Vinamilk a measurable international growth channel. VNA reported that the Cambodian project generated USD 104.00 million of revenue and USD 11.00 million of post-tax profit in 2025, while first-nine-month 2026 revenue increased 230.00 percent year over year. The comparison matters because the companys first-half domestic revenue rose 12.40 percent, whereas export revenue increased 39.10 percent, according to the Guotai Haitong report carried by 24HMoney.

Next reporting date is October 30

Vinamilks investor-relations calendar lists October 30, 2026, for disclosure of third-quarter 2026 financial statements, according to the companys investor-relations page. That release will show whether export growth and Angkormilk continue to offset a higher comparison base.

Expansion adds a second test

Vietnam Dairy Products was listed on the Ho Chi Minh Stock Exchange on January 19, 2006, and operates under ticker VNM. Its fiscal year ends December 31, according to Vinamilk. For investors, the key evidence will be the third-quarter revenue rate and gross margin against the 41.60 percent full-year forecast.