The 'darling' of a retail giant in Vietnam is about to be listed on the Ho Chi Minh City Stock Exchange. How are the business results?

chứng khoán - Ảnh 1. — Many products of Masan Consumer such as instant noodles, coffee, soft drinks... are sold at supermarkets - Photo: BONG MAI

Looking forward to business results this quarter and early 2026 to smoothly transfer to HoSE

Masan Group Corporation (stock code MSN) has just announced its business results for the third quarter of 2025, with consolidated revenue of nearly VND 58,400 billion and after-tax profit of nearly VND 4,470 billion, up 8% and 64% respectively over the same period, equivalent to completing more than 90% of the yearly plan.

Notably, at the online event "Community Day" taking place on the evening of October 29, Mr. Michael Hung Nguyen - Deputy General Director of the group - said that the unit has prepared documents and records to transfer its subsidiary, Masan Consumer Goods Joint Stock Company (Masan Consumer, stock code MCH), from the UPCoM market to listing on the Ho Chi Minh City Stock Exchange (HoSE).

Responding to shareholders' questions, Mr. Hung Nguyen commented that the Vietnamese stock market is showing many positive signs, creating confidence for the above plan. With its current capitalization, this subsidiary has a high possibility of being included in the VN30 index basket - the top 30 stocks with the largest capitalization on the HoSE floor.

However, the specific time of listing on HoSE has not been disclosed. One of the important factors is the business results of the fourth quarter of 2025 and the first quarter of 2026. If this business picture is positive, the activities related to the listing will also be more favorable.

Short-term revenue decline due to restructuring, high profit margin

Masan Consumer trades a wide range of fast-moving consumer goods, focusing mainly on spices, instant foods, processed foods, beverages and home care products. The company owns many brands familiar to Vietnamese consumers such as Omachi, Vinacafé, Vinh Hao, Chante...

According to the financial report, the company recorded revenue of nearly VND 7,520 billion in the third quarter of 2025, down 5.9% over the same period. However, the profit margin (EBIT) remained high - over 24%, among the leading groups in the fast-moving consumer goods industry.

In the first three quarters of the year, the company earned VND21,280 billion in revenue and VND4,660 billion in profit after tax, down 3% and 16% respectively over the same period last year.

The company said the main reason was the restructuring and synchronous implementation of the "Direct Distribution Model" nationwide, causing temporary disruptions in operations. However, results are gradually improving month by month, creating momentum for recovery at the end of the year.

Operational metrics continued to show positive trends. The average number of active points of sale reached 345,000, up 40% year-on-year. Sales productivity and units per order increased, while days of inventory at distributors decreased, reflecting an optimized supply chain.

Sharing with shareholders at the event, Mr. Danny Le - General Director of Masan Group - said that in addition to traditional channels, the company is growing strongly in modern retail, e-commerce, export and HORECA (restaurant - hotel - coffee) sectors.

Restructuring the distribution system is a necessary step for medium and long-term growth, in line with the trend of retail modernization in Vietnam. This activity may affect short-term results, but will bring about clear positive effects later.

On the UPCoM floor (for public companies not officially listed on the HoSE or HNX), Masan Consumer's stock code MCH is currently in the green, anchored at VND154,900/share. Corresponding to the top high market price, surpassing most codes currently trading on all three main floors.

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Source: https://tuoitre.vn/con-cung-cua-dai-gia-ban-le-tai-viet-nam-sap-len-san-chung-khoan-tp-hcm-ket-qua-lam-an-ra-sao-20251029200438906.htm