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Doan Nguyen Duc, Chairman of Hoang Anh Gia Lai Joint Stock Company (HAG), has filed to buy 4 million HAG shares on the open market from April 22 to May 21, 2026, aiming to increase his ownership stake.
From May 7 to May 12, 2026, Mr. Duc completed the purchase of 4 million shares via the on-market matching method. After the transaction, he owned nearly 318 million shares, equivalent to 25.09% of HAG’s charter capital.
In parallel, the related shareholder group connected to Mr. Duc now holds more than 383 million shares, representing 30.25% of HAG’s charter capital.
During the period, HAG shares traded in the range of 16,200–16,700 VND per share. The estimated value of the executed trades was 64.8–66.8 billion VND.
Previously, Mr. Duc acquired 4 million shares as registered via the on-market method from March 26 to April 14, increasing his holding to 313.95 million shares (24.77%).
Most recently before that, he bought 5 million HAG shares from March 11 to March 18 through on-market matching, at an average price of about 15,133 VND per share, for a total value of nearly 76 billion VND.
By the end of Q1 2026, HAG reported consolidated net profit after tax of 1,173 billion VND, up 812 billion VND year on year. The company said the increase was mainly driven by a 61 billion VND rise in gross profit from the banana business. Net finance income increased by 733 billion VND, mainly due to bond interest income, while selling expenses and corporate management costs fell by 19 billion VND compared with the same period last year.
As of January 31, 2026, retained earnings increased from about 1,393 billion VND to over 2,663 billion VND.
For 2026, HAG set revenue of 8,624 billion VND and net profit after tax of 4,202 billion VND. The company also planned a dividend of 500 VND per share and to reinvest in key projects in 2027, notably coffee and mulberry.
Regarding profit distribution, HAG stated that profits for 2025 after offsetting prior years’ losses will be retained entirely for reinvestment in coffee and mulberry projects. Accordingly, no dividend will be paid in 2026.
In 2026, HAG plans to plant 7,000 hectares of coffee, 1,000 hectares of mulberry, and 700 hectares of durian. The company will also invest in coffee processing facilities, including four wet-processing plants in supply regions and one coffee essence extraction plant.
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