Sabeco exports rose 221 percent. NHSV forecasts VND 4.90 trillion for Sabeco stock

Published on 10/21/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit reached VND 2.49 trillion, up 21.40 percent. Cash of VND 20.729 trillion gives Sabeco stock a balance-sheet anchor.

Growth, margins and capital

Sabeco exports rose 221 percent in the first half of 2026.
NHSV forecast VND 4.90 trillion in profit for 2026 on September 28, 2026.
Cash and equivalents totaled VND 20.729 trillion on June 30, 2026.

Sabeco, VN000000SAB4, Illustration mit AI erstellt.

Sabeco (ISIN VN000000SAB4) saw exports rise 221 percent in the first half of 2026, while an analyst forecast pointed to VND 4.90 trillion in full-year profit. Titanlabs reported the export figure on October 17, 2026, and Vinetur said NHSV issued its forecast on September 28, 2026.

Three milestones shape the picture

On September 21, 2026, Sabeco's first-half revenue reached VND 13.345 trillion, up 5.80 percent, while after-tax profit rose 21.40 percent to VND 2.4888 trillion, according to Tin nhanh chung khoan. On September 28, 2026, NHSV forecast VND 4.90 trillion in 2026 profit, 6.30 percent above Sabeco's VND 4.609 trillion target, based on the Vinetur report. On October 17, 2026, exports were reported up 221 percent in the first half of the year by Titanlabs.

What does the margin improvement mean?

The second-quarter figures suggest that profitability improved faster than sales. Sabeco generated VND 6.888 trillion in net revenue in the second quarter of 2026, up 1.00 percent year over year, while net profit fell 3.00 percent to VND 1.167 trillion. Gross margin nevertheless reached 38.70 percent, its highest level in several years, according to Vinetur. The contrast leaves cost control below gross profit as the central test for the remainder of 2026.

Cash provides financial room

Sabeco held VND 20.729 trillion in cash and cash equivalents as of June 30, 2026, equal to 65.35 percent of total assets, while borrowings stood at VND 367.2 billion, according to Tin nhanh chung khoan. That balance sheet gives the brewer room to fund operations and maintain its dividend policy while earnings depend on margins and demand.