VCBS sets VND 39,288 target for Vietnam Rubber stock

Nine-month revenue hit VND 29.428 trillion, up 28.90 percent year over year. For Vietnam Rubber stock, pretax profit was VND 6.818 trillion.

Vietnam Rubber (ISIN VN000000GVR1) received a VND 39,288 valuation target from VCBS on October 12, 2026. For investors, the key figure is the group's nine-month revenue of VND 29.428 trillion, which rose 28.90 percent from the same period of 2025.

VCBS raises the valuation bar

Tinnhanh Chungkhoan reported on October 12, 2026 that VCBS valued Vietnam Rubber at VND 39,288 per share. The broker forecast 2026 revenue of VND 35.082 trillion, up 20.48 percent, and net profit of VND 9.792 trillion, up 63.24 percent.

The valuation case rests on two earnings engines. Rubber prices support latex sales, while industrial-park land compensation and development can add income that is less closely tied to harvested volume.

Three dated earnings milestones

On December 6, 2025, Vietnam Rubber Group reported fiscal 2025 consolidated revenue of VND 32.007 trillion and profit growth of more than 23 percent. On July 28, 2026, the company said pretax profit had exceeded 87 percent of its annual plan. On October 2, 2026, CVS reported nine-month revenue of VND 29.428 trillion and pretax profit of VND 6.818 trillion.

What supports the earnings outlook?

Rubber remains the largest operating lever. During the first nine months of 2026, the group sold 407,688 tons of rubber at an average price of VND 53.7 million per ton, according to CafeF.

The reported margin also shows why diversification matters. Vietnam News said Vietnam Rubber posted a 30.60 percent margin in the third quarter of 2026, while industrial parks and wood processing helped broaden revenue beyond rubber. The same report noted that future earnings also depend on plantation liquidation and compensation for land converted to industrial parks.

Business mix shapes the stock

Vietnam Rubber operates across natural rubber cultivation and processing, wood products, industrial parks, high-tech agriculture and renewable energy. The official company profile describes a managed rubber area of 383,831 hectares and nine-month production of 272,303 tons, giving the group scale while its industrial assets add a second growth channel.

Its shares trade on HOSE under ticker GVR.VN, according to Global Banking and Finance. That listing context matters because the VND 39,288 VCBS valuation and the operating figures above use the local quotation and reporting currency.

Valuation sets the closing frame

Vietnam Rubber enters the final quarter with VND 6.818 trillion in nine-month pretax profit, 98.80 percent of the annual plan, while VCBS sees 2026 net profit at VND 9.792 trillion. The combination of a 30.60 percent margin, 28.90 percent revenue growth and land-related earnings keeps the valuation tied to execution as well as rubber prices.