SSI keeps VND 32,700.00 target for Hoa Phat stock

Published on 10/14/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSI keeps its VND 32,700.00 target for Hoa Phat on October 14, 2026. Hoa Phat stock costs VND 20,450.00 on HOSE in Vietnam.

Analyst target and earnings outlook

SSI maintains a VND 32,700.00 target for Hoa Phat on October 14, 2026.
SSI forecasts core profit growth of 42.00 percent for fiscal year 2026.
Hoa Phat stock costs VND 20,450.00 on October 14, 2026 and is unchanged on HOSE.
Hoa Phat had a P/E ratio of 12.04 based on fiscal year 2025 figures.

Hoa Phat, VN000000HPG4, Illustration mit AI erstellt.

SSI maintains a VND 32,700.00 target for Hoa Phat on October 14, 2026, while the analyst estimates 59.90 percent upside from the HOSE price of VND 20,450.00. As 24HMoney reported on October 14, 2026, SSI also expects Hoa Phat's core profit to rise 42.00 percent in fiscal year 2026.

Profit forecast reaches 42.00 percent growth

The forecast places Hoa Phat's fiscal year 2026 profit outlook ahead of the current market valuation. SSI also expects profit growth of 23.00 percent in fiscal year 2027, giving the forecast a two-year earnings path rather than a single-quarter view.

SSI's assessment links the outlook to stronger domestic steel demand, public infrastructure investment and higher capacity at the Dung Quat 2 complex. The same report identifies China-related oversupply and the entry of new producers as risks that could pressure steel prices and margins.

HOSE price remains near its yearly low

Hoa Phat stock was quoted at VND 20,450.00 on HOSE on October 14, 2026 and was unchanged in the cited market update. The stock's 52-week high is VND 26,560.00 and its 52-week low is VND 19,600.00, leaving the quote 22.59 percent below the high and 4.34 percent above the low.

The company had reported nine-month steel sales of 10.30 million tons by October 13, 2026, up 39.00 percent from the same period of 2025, according to Bao Phap Luat. That operating figure supports the earnings case, but the distance from the yearly high shows that expectations have not translated into a recovery of the share price.

Valuation and company profile

Hoa Phat's market capitalization was VND 186.12 trillion on October 8, 2026, with a P/E ratio of 12.04 based on fiscal year 2025 figures. The same company profile reported fiscal year 2025 revenue of VND 158.33 trillion and net profit of VND 15.51 trillion, providing the historical base for the valuation.

Hoa Phat produces construction steel and hot-rolled coil and has been listed on HOSE since November 15, 2007. The combination of a dated analyst target, projected fiscal year 2026 profit growth and a price close to the 52-week low leaves earnings delivery as the central measure for the next update.

Price and valuation in one view

For investors tracking the Vietnam steelmaker, the current quote is VND 20,450.00 on October 14, 2026, while the SSI target is VND 32,700.00 and the fiscal year 2025 P/E ratio is 12.04. The figures describe the market position and published expectations without constituting an investment recommendation.