Over 400 investors together Representatives from funds and securities companies attended the HPA roadshow .HPA is offering 30 million shares at a price of VND 41,900 per share, aiming to raise VND 1,257 billion. Investors can subscribe for a minimum of 100 shares and a maximum of 14.25 million shares, equivalent to no more than 5% of the charter capital after issuance. Upon registration, investors are required to deposit 10% of the subscribed value.
After the registration period ends, the company will allocate shares to investors on December 16-17. Investors who receive allocated shares must pay the remaining amount before 4:00 PM on December 24. HPA expects to announce the results of the offering between December 25-30 and send share ownership certificates to investors in January 2026. HPA shares are expected to be listed on the Ho Chi Minh City Stock Exchange after the issuance is completed.
At a price of VND 41,900, HPA has a 12-month trailing P/E ratio of 6.5 times, significantly lower than the Vietnamese median of 20.9 times. The company also expects to pay a dividend of approximately VND 3,850 per share in the next 12 months, corresponding to a yield of 9.2% at the price of VND 41,900 per share.
In 2024, HPA recorded net revenue of VND 6,909 billion and parent company after-tax profit of VND 1,040 billion, a 4.7-fold increase compared to 2023. The after-tax profit margin reached 15.1%, and ROE was 30.6%. In the first nine months of 2025, the company continued to record parent company after-tax profit of VND 1,295 billion with ROE increasing to 56.4%.
The capital raised from this IPO will be used by HPA to restructure its capital, repay loans, supplement working capital, and prepare resources for production expansion. Specifically, the company plans to invest approximately VND 1,500 billion by 2030 to build three more pig farms and a third animal feed factory in the North.
By 2030, HPA aims to increase its animal feed production capacity to 1 million tons per year, raise 900,000 commercial pigs per year, expand its cattle farming to 73,000 head per year, and maintain a chicken egg production of 336 million eggs per year. With this plan, projected revenue in 2030 is expected to exceed VND 12 trillion, after-tax profit to reach approximately VND 1.75 trillion, and ROE to remain above 25%.
HPA currently operates a closed-loop Feed-Farm model with two animal feed factories in Hung Yen and Dong Nai with a total capacity of 600,000 tons, seven pig farming clusters covering 387.9 hectares, three Australian cattle farms with 625 hectares, and two poultry farms covering 50 hectares. The company controls the entire value chain from animal feed production to farm animal husbandry, using high-quality breeds such as DanBred pigs from Denmark, Hy-line chickens from the USA, and beef cattle from Australia.
HPA currently operates two animal feed mills, seven pig farming clusters covering an area of 387.9 hectares, three Australian cattle farms, and two poultry farms.After 10 years of development, HPA is now among the Top 10 pig farming enterprises with the largest sow herds in Vietnam, Top 13 animal feed production enterprises, leading in the production of clean chicken eggs in the North, and holding the number one market share in supplying whole Australian beef in Vietnam.
Details regarding the registration procedure are published on the HPA website ( nongnghiep.hoaphat.com.vn ) and Vietcap website ( vietcap.com.vn ).
Source: https://www.hoaphat.com.vn/tin-tuc/con-5-ngay-dang-ky-mua-co-phieu-nong-nghiep-hoa-phat.html
Comment (0)