J.P. Morgan raises target for Masan stock to VND 110,000

Published on 10/14/2026 at 16:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Eight-month revenue reached VND 77.023 trillion, up 52 percent year over year. HSBC set VND 111,100 for Masan stock.

Analyst targets and operating growth

J.P. Morgan raised its Masan target from VND 100,200 to VND 110,000 on September 21, 2026.
Masan reported VND 77.023 trillion in revenue for the first eight months of 2026, up 52 percent year over year.
Investing.com lists October 22, 2026 as Masan's next earnings reporting date.

Masan, VN000000MSN4, Illustration mit AI erstellt.

J.P. Morgan raised its target for Masan stock from VND 100,200 to VND 110,000 on September 21, 2026. VnExpress reported that the upgrade followed Masan's eight-month operating update and stronger contributions from Masan High-Tech Materials.

Three milestones in 2026

On January 23, 2026, Masan reported revenue of VND 23.25 trillion and earnings per share of VND 969.00 in the latest period shown by Investing.com. On April 23, revenue reached VND 24.02 trillion and earnings per share stood at VND 821.69, according to the same earnings record.

On September 21, Masan reported VND 77.023 trillion in net revenue for the first eight months of 2026, up 52 percent from the same period of 2025. Net profit reached VND 8.518 trillion, or 2.2 times the year-earlier figure, according to Bnews.

What supports the target increase?

The earnings mix is broadening. Masan High-Tech Materials generated VND 21.013 trillion of revenue in the first eight months of 2026, 5.1 times the year-earlier amount, while the consumer platform delivered VND 56.123 trillion, up 19 percent, VnExpress reported.

HSBC raised its target to VND 111,100 on September 21, 2026 and lifted its 2026 net-profit forecast by 6.2 percent to VND 9.411 trillion. J.P. Morgan's target remains VND 1,100 below HSBC's, creating a narrow spread between the two published estimates.

Next results date is October 22

Investing.com lists October 22, 2026 as Masan's next earnings reporting date. The date would provide the next formal checkpoint for the third-quarter performance that J.P. Morgan expects to remain strong.

HOSE quote stays tied to growth

Masan was quoted at VND 71,500 on HOSE on October 14, 2026 at 1:19 p.m. local time. The company is listed under ticker MSN and operates across consumer staples, retail, branded meat, beverages and high-tech materials.