Upcoming Dividend • May 08
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 15 May 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 8.8%. Within top quartile of Vietnamese dividend payers (7.9%). Higher than average of industry peers (5.5%). Reported Earnings • Apr 24
First quarter 2026 earnings released: EPS: ₫605 (vs ₫1,453 in 1Q 2025) First quarter 2026 results: EPS: ₫605 (down from ₫1,453 in 1Q 2025). Revenue: ₫187.0b (up 1.4% from 1Q 2025). Net income: ₫9.14b (down 62% from 1Q 2025). Profit margin: 4.9% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 10
Upcoming dividend of ₫1,000 per share Eligible shareholders must have bought the stock before 17 March 2026. Payment date: 30 March 2026. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of Vietnamese dividend payers (7.9%). Higher than average of industry peers (5.6%). Buy Or Sell Opportunity • Mar 09
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to ₫15,300. The fair value is estimated to be ₫20,055, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Earnings per share has grown by 47%. Annonce • Mar 07
Kien Hung Joint Stock Company announces Annual dividend, payable on March 30, 2026 Kien Hung Joint Stock Company announced Annual dividend of VND 1000.0000 per share payable on March 30, 2026, ex-date on March 17, 2026 and record date on March 18, 2026. Annonce • Mar 05
Kien Hung Joint Stock Company, Annual General Meeting, Apr 26, 2026 Kien Hung Joint Stock Company, Annual General Meeting, Apr 26, 2026. Reported Earnings • Jan 23
Full year 2025 earnings released: EPS: ₫3,995 (vs ₫1,699 in FY 2024) Full year 2025 results: EPS: ₫3,995 (up from ₫1,699 in FY 2024). Revenue: ₫723.8b (up 10% from FY 2024). Net income: ₫55.5b (up 135% from FY 2024). Profit margin: 7.7% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₫18,700, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 14x in the Food industry in Vietnam. Total returns to shareholders of 82% over the past three years. Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₫23,100, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Food industry in Vietnam. Total returns to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₫27,500, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 13x in the Food industry in Vietnam. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to ₫24,900, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 13x in the Food industry in Vietnam. Total loss to shareholders of 8.4% over the past three years. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: ₫1,722 (vs ₫431 in 1Q 2024) First quarter 2025 results: EPS: ₫1,722 (up from ₫431 in 1Q 2024). Revenue: ₫184.4b (up 33% from 1Q 2024). Net income: ₫22.6b (up 291% from 1Q 2024). Profit margin: 12% (up from 4.2% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₫16,300, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 13x in the Food industry in Vietnam. Total loss to shareholders of 39% over the past three years. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫13,200, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 12x in the Food industry in Vietnam. Total loss to shareholders of 46% over the past three years. New Risk • Mar 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 6.7% over the past year. Market cap is less than US$10m (₫168.1b market cap, or US$6.55m). Minor Risks High level of debt (75% net debt to equity). Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Mar 26
Full year 2024 earnings released: EPS: ₫1,953 (vs ₫5.04 in FY 2023) Full year 2024 results: EPS: ₫1,953 (up from ₫5.04 in FY 2023). Revenue: ₫657.5b (down 6.6% from FY 2023). Net income: ₫23.6b (up ₫23.6b from FY 2023). Profit margin: 3.6% (up from 0% in FY 2023). The increase in margin was driven by lower expenses. Upcoming Dividend • Mar 24
Inaugural dividend of ₫1,500 per share Eligible shareholders must have bought the stock before 31 March 2025. Payment date: 14 April 2025. This is the first dividend for Kien Hung since going public. The average dividend yield among industry peers is 5.4%. Reported Earnings • Jan 23
Full year 2024 earnings released: EPS: ₫1,953 (vs ₫1,284 loss in FY 2023) Full year 2024 results: EPS: ₫1,953 (up from ₫1,284 loss in FY 2023). Revenue: ₫657.5b (down 6.6% from FY 2023). Net income: ₫25.7b (up ₫41.2b from FY 2023). Profit margin: 3.9% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Buy Or Sell Opportunity • Dec 20
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₫13,500. The fair value is estimated to be ₫10,843, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₫13,400, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 12x in the Food industry in Vietnam. Total loss to shareholders of 42% over the past three years. Buy Or Sell Opportunity • Nov 28
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₫13,400. The fair value is estimated to be ₫10,459, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Reported Earnings • Oct 17
Third quarter 2024 earnings released: EPS: ₫523 (vs ₫400 loss in 3Q 2023) Third quarter 2024 results: EPS: ₫523 (up from ₫400 loss in 3Q 2023). Revenue: ₫185.4b (up 17% from 3Q 2023). Net income: ₫7.03b (up ₫11.3b from 3Q 2023). Profit margin: 3.8% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₫14,800, the stock trades at a trailing P/E ratio of 56.1x. Average trailing P/E is 13x in the Food industry in Vietnam. Total loss to shareholders of 18% over the past three years. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: ₫448 (vs ₫360 loss in 2Q 2023) Second quarter 2024 results: EPS: ₫448 (up from ₫360 loss in 2Q 2023). Revenue: ₫177.6b (down 12% from 2Q 2023). Net income: ₫6.01b (up ₫10.4b from 2Q 2023). Profit margin: 3.4% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: ₫431 (vs ₫258 loss in 1Q 2023) First quarter 2024 results: EPS: ₫431 (up from ₫258 loss in 1Q 2023). Revenue: ₫138.8b (down 28% from 1Q 2023). Net income: ₫5.79b (up ₫9.25b from 1Q 2023). Profit margin: 4.2% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. New Risk • Oct 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₫222.5b (US$9.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Shares are highly illiquid. Market cap is less than US$10m (₫222.5b market cap, or US$9.12m). Annonce • Aug 10
Vo Ngoc Diep acquired a 7.03% stake in Kien Hung Joint Stock Company (HNX:KHS). Vo Ngoc Diep acquired a 7.03% stake in Kien Hung Joint Stock Company (HNX:KHS) on July 19, 2023. Vo Ngoc Diep completed the acquisition of a 7.03% stake in Kien Hung Joint Stock Company (HNX:KHS) on July 19, 2023. Upcoming Dividend • Mar 16
First Dividend Is ₫1,200 Per Share Will be paid on the 5th of April to those who are registered shareholders by the 23rd of March. This is the first dividend for Kien Hung since going public. The average dividend yield among industry peers is 3.2%. Is New 90 Day High Low • Mar 16
New 90-day high: ₫14,800 The company is up 1.0% from a price of ₫14,700 on 10 December 2020. Underperformed the Vietnamese market, which is up 13% over the last 90 days. Exceeded the Food industry, which is down 2.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₫14,800 The company is up 18% from its price of ₫12,500 on 08 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Food industry, which is up 8.0% over the same period.