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On April 17, 2026, Hoang Anh Gia Lai Joint Stock Company (HAGL) held its 2026 annual general meeting of shareholders. Shareholders approved targets of net revenue of 8,624 billion dong and net profit after tax of 4,202 billion dong.
Chairman Doan Nguyen Duc said the group’s estimated Q1 2026 net profit is 1,280 billion dong, equivalent to 57% of the full-year 2025 profit and more than 30% of the 2026 plan. He also noted that around 50% of annual profit is expected to come from financial write-backs after the company completes debt settlement with a debt trading company.
At the AGM, HAGL approved a 2026 planting plan of 7,000 hectares of coffee, 1,000 hectares of mulberry, and 700 hectares of jackfruit. In the coming years, the company targets owning 20,000 hectares of Arabica coffee.
The company said its coffee currently targets the Chinese market and has met all technical standards to be exported to the United States and Europe. Management added that coffee is expected to require less labor than bananas, helping reduce operating costs.
To complete the value chain, HAGL plans to invest in four wet-processing plants and one coffee extract plant in sourcing regions.
A key highlight discussed at the meeting is the plan to IPO Hoang Anh Gia Lai International Investment Joint Stock Company (HGI) in Q2 2026. HGI currently manages assets in Laos, has charter capital of 1,680 billion dong, and records profits in the “trillions of dong” per year.
In the discussion, Bau Duc (Dao Manh Doan Duc) asked who would commit to a 50% cash dividend for three years, similar to HAGL’s approach. Management affirmed that after listing, HGI would pay cash dividends at 50% of profits for three consecutive years, with profits not falling below the charter capital.
Management also stated that no additional shares would be issued to fund dividends to avoid dilution of value. Instead, Bau Duc could use excess cash to buy back shares.
For the parent company, management said 2025 profits after offsetting accumulated losses would be retained for reinvestment. A cash dividend plan of 500 dong per share in 2027 will be submitted to shareholders.
On April 17, 2026, HAG shares traded at around 16,800 dong per share. In line with the AGM, Doan Nguyen Duc reported completing the purchase of 4 million shares from March 26 to April 16, 2026, raising his ownership to 24.77%. He then sought to register for another 4 million shares from April 22 to May 21, 2026, to increase his holding to about 25.09%.
To reassure investors amid short-term volatility, Bau Duc said price declines would not deter him from buying. He also stated that he believes 2026–2030 will be the strongest growth cycle for the group, and he emphasized accountability if investors hold for 1–2 years and incur losses.
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