MBS forecasts 337 percent profit growth for Becamex IDC stock

Published on 10/13/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MBS forecasts VND 1.82 trillion profit for third quarter, up 337 percent year over year. For Becamex IDC stock, this means VND 266 billion invested.

Key points in brief

MBS forecasts Becamex IDC net profit of VND 1.82 trillion in the third quarter of 2026, up 337 percent year over year.
Becamex plans to invest VND 266 billion in Becamex Binh Phuoc while retaining a 40 percent stake.
First-half 2026 revenue fell 65 percent to VND 1.66 trillion and net profit fell 82.6 percent to VND 320.5 billion.
Becamex IDC is listed on HOSE under ticker BCM.VN and operates in real estate.

Becamex IDC, VN000000BCM3, Illustration mit AI erstellt.

Becamex IDC (ISIN VN000000BCM3) is facing a sharp earnings comparison: MoneyF reported on October 12, 2026 that MBS forecasts net profit attributable to parent-company shareholders of VND 1.82 trillion for the third quarter of 2026, up 337 percent from the same quarter a year earlier. The forecast puts project execution and profit recognition ahead of the companys weak first-half base.

Three events define the setup

On September 15, 2026, Becamex IDC paid VND 2.57 trillion to settle principal and interest on a maturing bond, according to Tin nhanh chung khoan. The payment reduces one immediate refinancing item but comes against total borrowings above VND 26.33 trillion at June 30, 2026.

On September 28, 2026, the board approved an additional VND 266 billion investment in Becamex Binh Phuoc. The move covers 26.63 million new shares and keeps Becamex IDC at a 40 percent ownership stake, Tin nhanh chung khoan reported on October 2, 2026.

On October 12, 2026, the MBS forecast supplied the latest quantified operating signal. It assigns 15 percent growth to profit from associates, with VSIP, IJC and Becamex Binh Phuoc named as key contributors.

What does the forecast change?

The forecast depends on Becamex recognizing profit from about 400 homes at the Hoa Loi resettlement project during the third quarter of 2026. That makes the expected VND 1.82 trillion profit less a broad industrial-park call than a schedule-sensitive housing and affiliate earnings estimate, according to VCCI.

The contrast with reported results is substantial. In the first half of 2026, revenue fell 65 percent to VND 1.66 trillion and net profit fell 82.6 percent to VND 320.5 billion, while second-quarter revenue was VND 890.9 billion and second-quarter net profit was VND 211.1 billion, according to Tin nhanh chung khoan. The numbers leave the third-quarter forecast highly dependent on the timing of handovers and revenue recognition.

Dates investors can track

A bond issued by Becamex IDC is scheduled to mature on October 9, 2027, according to Baomoi. The next major operating checkpoint is the publication of the third-quarter 2026 results, which will test the VND 1.82 trillion MBS forecast.