Following the steel sector, billionaire Tran Dinh Long is bringing his agricultural "pillar" to the HOSE stock exchange.

On the morning of February 6th, the Ho Chi Minh City Stock Exchange (HOSE) held a ceremony to present the listing decision to Hoa Phat Agricultural Development Joint Stock Company (HPA), officially bringing 285 million HPA shares into trading, with an initial reference price of 41,900 VND per share.

Mr. Tran Dinh Long speaks at the listing of HPA shares on the HoSE exchange on February 6th - Photo: CONG TRUNG

From "empty-handed" to Hoa Phat 's second pillar of profit.

This marks a new milestone in Hoa Phat Group's expansion into the agricultural sector, nearly two decades after HPG shares were listed on this stock exchange.

Speaking at the ceremony, Hoa Phat Chairman Tran Dinh Long said that listing the agricultural enterprise on the stock exchange was the result of nearly 10 years of investment in a field considered difficult and risky.

According to Mr. Long, starting from almost "nothing," the agricultural sector has now entered the stage of reaping rewards, playing the role of the second largest profit pillar of the group, after steel.

According to the company's leaders, Hoa Phat's strategy is to develop large-scale agriculture, following a closed-loop chain, applying high technology to optimize costs, control quality, and improve production efficiency.

Listing shares is expected to help businesses increase transparency, enhance credibility, and expand access to capital for long-term investment plans.

Hoa Phat lists its agricultural shares (HPA) on the HOSE exchange, adding another pillar to its steel business - Photo: CONG TRUNG

Prior to its IPO in January 2026, HPA completed a public offering of 30 million shares, raising approximately VND 1,257 billion. Its charter capital increased from VND 2,550 billion to VND 2,850 billion. All 285 million shares were subsequently approved for listing by HOSE at the end of January 2026.

The funds raised will be used for financial restructuring, supplementing working capital, and expanding production scale.

In 2025, HPA recorded revenue of VND 8,326 billion, an 18% increase compared to the previous year and exceeding the plan by 4%. After-tax profit reached VND 1,600 billion, a 55% increase and exceeding the plan by 22%. In the business structure, pig farming continued to be the largest segment, contributing approximately 44% of revenue.

"Reaping the rewards" thanks to high technology.

Financial data shows that the agricultural sector of the "steel king" is entering a phase of reaping rewards. By 2025, the production of commercial pigs is expected to reach over 380,000 head, an increase of nearly 6% compared to the previous year; the production of breeding pigs is expected to reach nearly 280,000 head, an increase of nearly 40%. Sow productivity is projected to reach 33-34 piglets weaned per sow per year, approximately 1.5 times higher than the national average, thanks to the adoption of the DanBred breed and a closed-loop, biosecure farming process.

In the animal feed segment, production in 2025 is projected to reach 357,000 tons, the highest in 10 years of operation, representing a 5.5% increase compared to the previous year. Of this, approximately 177,000 tons will be sold to the market and 180,000 tons will be used internally within the farm system.

According to the company, its biggest competitive advantage comes from its vertically integrated Feed-Farm model, allowing for proactive management from feed production to commercial livestock farming. Currently, Hoa Phat holds the leading market share for Australian beef, leads the clean chicken egg market in Northern Vietnam, and is among the large-scale enterprises in sow breeding and animal feed production in Vietnam.

By 2030, HPA aims for revenue exceeding VND 12,000 billion, after-tax profit of approximately VND 1,750 billion, and maintaining a return on equity (ROE) above 25%.

Billion-dollar revenue plan, a commitment to shareholders.

Looking ahead to 2030, the company plans to invest over 1,500 billion VND to build three more pig farms and a third animal feed factory in the North, increasing capacity to 1 million tons of feed per year and 900,000 commercial pigs per year.

Regarding shareholder policy, the company stated that there are no plans to issue additional shares to raise capital during the 2026-2030 period, in order to avoid diluting the shares of existing shareholders.

CONG TRUNG

Source: https://tuoitre.vn/sau-mang-thep-ti-phu-tran-dinh-long-dua-tru-cot-nong-nghiep-len-san-hose-20260206092100351.htm