NHSV sets VND 55,555 target for Sabeco stock after strong profit growth

Published on 10/16/2026 at 10:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit rose 21.40 percent to VND 2,488.80 billion. Sabeco stock's gross margin reached 38.70 percent in the second quarter of 2026.

Targets and operating results

NHSV set a VND 55,555.00 target for Sabeco on September 28, 2026.
Sabeco reported VND 2,488.80 billion in first-half profit for 2026.
Exports increased 221 percent in the first half of 2026.

Sabeco, VN000000SAB4, Illustration mit AI erstellt.

Sabeco stock (ISIN VN000000SAB4) received a VND 55,555.00 valuation target from NHSV on September 28, 2026, after the brewer reported stronger first-half earnings and a higher second-quarter gross margin. The target was reported by Bao Phap Luat.

What does the target imply?

NHSV projected 2026 net profit of VND 4,900 billion, compared with Sabeco's target of VND 4,609 billion. The forecast therefore sits VND 291 billion above management's plan, while projected revenue of VND 27,000 billion is VND 1,316 billion below the company's VND 28,316 billion target, according to Bao Phap Luat.

Three dated operating signals

On September 21, 2026, Sabeco's first-half revenue was VND 13,345.20 billion, up 5.80 percent year over year, while profit rose 21.40 percent to VND 2,488.80 billion, reported Tin nhanh chung khoan. On September 28, 2026, NHSV said second-quarter gross margin reached 38.70 percent, while quarterly profit fell 3.00 percent to VND 1,167 billion. On October 11, 2026, Sabeco general director Lester Tan received the Saint Giong Cup, and exports had increased 221 percent in the first half of 2026, according to Vietnam.vn.

Cash supports the business model

Sabeco held VND 20,729 billion in cash and cash equivalents on June 30, 2026, while borrowings stood at VND 367.20 billion. Operating cash flow reached VND 1,475.80 billion in the first half of 2026, figures reported by Tin nhanh chung khoan. That balance sheet gives the company room to fund distribution, marketing and exports while keeping debt low.

Sabeco's international push

Sabeco's Bia Saigon and Bia 333 brands were available in over 40 countries and territories by October 13, 2026. The company also said 94 percent of its 2025 procurement spending went to local suppliers, according to Vietnam News. For investors, the key tension is clear: the second-quarter margin improved to 38.70 percent, but quarterly profit still declined 3.00 percent as selling expenses increased.