Masan stock: HSBC sets VND 111,100 target for Masan stock

Published on 10/21/2026 at 17:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Masan had 19 products named National Brands on October 18, 2026. Masan stock stood at VND 71,800 on October 20, 2026, down 0.83 percent on HOSE.

HSBC target and market levels

HSBC set a VND 111,100 target for Masan on September 21, 2026.
Masan had 19 products and services recognized as Vietnam National Brands on October 18, 2026.
Masan stock stood at VND 71,800 on October 20, 2026, down 0.83 percent from VND 72,400.
The stock traded 18.41 percent below its 52-week high of VND 88,000.

Masan, VN000000MSN4, Illustration mit AI erstellt.

HSBC set a VND 111,100 target for Masan on September 21, 2026, after reviewing the group's eight-month performance, according to Thuong Hieu and Cong Luan. The target keeps the analyst view as the main valuation marker while Masan stock stood at VND 71,800 on HOSE on October 20, 2026, down 0.83 percent from the VND 72,400 prior close.

Nineteen brands broaden Masan's reach

Masan had 19 products and services recognized under the 2026 Vietnam National Brand Program on October 18, 2026, VnExpress reported. The recognition covered consumer brands and retail chains, including Chin-Su, Omachi, WinMart, WinMart+ and WiN.

The breadth of the list matters because Masan combines branded food, retail, beverages, meat products and tungsten materials. Its investor-relations materials describe a portfolio spanning consumer businesses, financial information and strategic materials, giving the group several operating channels rather than a single product line, according to Masan Group.

Masan stock stays below its yearly high

The October 20 close of VND 71,800 was VND 16,200 below the 52-week high of VND 88,000, a gap of 18.41 percent. It was VND 7,900 above the 52-week low of VND 63,900, leaving the stock 12.36 percent above that floor.

Trading volume reached 968,500 shares on October 20, while the session ranged from VND 71,700 to VND 72,400. The stock's valuation stood at 15.80 times earnings and its market capitalization at VND 111.13 trillion as of October 19, 2026.

What does the 15.80 times multiple mean?

The earnings multiple places Masan below the VND 111,100 HSBC target by 35.38 percent when measured against the October 20 HOSE close. That comparison gives the target a clear numerical distance, while the 18.41 percent gap to the yearly high shows that the stock has not returned to its recent peak.

Masan's next market test is the conversion of brand recognition and operating breadth into reported earnings and cash flow. The latest dated market figures leave the stock below its yearly high, with the HSBC target and the 15.80 times multiple providing the main valuation markers.

Price and valuation markers

Masan stock stood at VND 71,800 on HOSE on October 20, 2026, down 0.83 percent versus the prior close of VND 72,400. The stock remained 18.41 percent below its 52-week high of VND 88,000.