VNDirect raised its target for Vietnam Dairy Products stock to VND 71,900

Published on 10/08/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached VND 18.85 trillion in the second quarter, up 12.40 percent year over year. VNDirect cited the result for Vietnam Dairy Products stock.

Vietnam Dairy Products, VN000000VNM8, Illustration mit AI erstellt.

VNDirect had raised its target for Vietnam Dairy Products stock from VND 70,400 to VND 71,900 in a report dated September 18, 2026. The analyst view followed second-quarter revenue of VND 18.85 trillion, which rose 12.40 percent from the same period a year earlier, according to Elibook.

Revenue growth reaches VND 18.85 trillion

The second-quarter result gave the company a stronger operating base than the annual plan implied. Net profit reached VND 3.18 trillion in the quarter, up 28.00 percent year over year, while gross margin expanded to 43.50 percent from 41.80 percent, according to the same September 18 report from Elibook. The comparison matters because profit grew faster than revenue, pointing to operating leverage rather than sales growth alone.

Target increase reflects improving margins

VNDirect changed its view from Neutral to Positive and lifted the target to VND 71,900 from VND 70,400 on September 18, 2026. Its forecast put 2026 revenue at VND 66.99 trillion, up 5.30 percent year over year, and net profit at VND 10.78 trillion, up 14.50 percent, as the gross margin was projected at 43.20 percent.

The report also identified a counterweight to the stronger first half. Export growth and the Cambodian business supported the second-quarter advance, but higher raw-material costs and prolonged Cambodia-Thailand trade tension remained relevant risks, according to Elibook. For investors, the key test is whether the margin improvement survives a higher comparison base in the second half.

HOSE listing and investor profile

Vietnam Dairy Products Joint Stock Company is listed on the Ho Chi Minh Stock Exchange under ticker VNM, according to the company's investor-relations page. The company reports a December 31 fiscal year-end and had 2,089,955,445 issued and listed shares in its stock information.

Vinamilk also received two investor-relations awards in 2026 after assessment of 685 listed companies, including recognition for its investor website and financial-institution relations, Vietnam News reported on September 29, 2026.