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AGM season is entering a peak period, bringing not only business proposals but also a forum for leaders to speak directly to shareholders. With the stock market recently volatile and investors pressing management on performance and outlook, several major-company chairmen used annual general meetings to address concerns about stock price movements and the broader shift toward AI and technology.
At FPT’s AGM on April 16, chairman Mr. Truong Gia Binh faced a crowded hall of investors as the company’s stock had fallen sharply in Q1 2026—down more than 23% from the start of the year—and about 44% from the 2025 peak. Investors also questioned how the macro shift to AI would affect the company.
In his opening remarks, Binh expressed empathy toward shareholders whose wealth had been affected by the stock’s decline. He nonetheless emphasized a long-term strategy, saying FPT is “reborn” and that over the next five to ten years the group aims to master core technologies and compete with leading global digital transformation and AI firms.
At Hoa Phat Group’s AGM on April 21, chairman Tran Dinh Long addressed questions from a large investor base. Hoa Phat’s 2026 plan targets revenue of about 210 trillion dong and net profit of about 22 trillion dong, both higher than 2025. If achieved, the figures would represent group records; however, profits would be a five-year high and still below the 2021 peak.
When shareholders raised concerns about recent fluctuations in Hoa Phat’s stock, Long said price movements depend on market conditions. He also stated he would not advise shareholders to buy or sell, adding that as long as he holds his position, he will not provide such guidance regarding Hoa Phat shares.
During the same AGM session, Nguyen Duy Hung of PAN Group also took a cautious approach. He noted the company reported strong Q1 results and said some shareholders told him they planned to buy more PAN stock, but he and Long declined to advise anyone to buy.
PAN Group, active in agriculture and food, projects 2026 revenue of around 18,000 billion dong. The company’s net profit and other figures were described as to be announced. The board will also propose an equity-raising plan alongside a 30% cash dividend. Margin pressure and market volatility were acknowledged.
At the Development Urban KBC AGM, Dang Thanh Tam offered support to investors, saying he shares their concerns and sympathizes with those who faced margin calls and forced selling, which led to losses. KBC is a highly leveraged real estate and industrial park operator, with sensitivity to foreign funding and client exports, making its stock movements closely tied to global conditions.
Doan Nguyên Duc, chairman of Hoàng Anh Gia Lai (HAG), took a different tone, expressing strong confidence. He presented a 2026 plan targeting profit of nearly 4.2 trillion dong, about double the previous year.
In response to questions about his own share purchases, he disclosed buying four million shares and said he could acquire more. He characterized this as the best opportunity he sees, while warning investors to hold him responsible for losses if they occur.
Overall, the remarks at these AGMs reflect a wider market mood shaped by a challenging macro environment and ongoing investor scrutiny during a period of heightened stock-price volatility.
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