HAGL Invest is launching an IPO, offering 18.8 million shares at VND60,600 each, aimed at raising approximately VND1,139 billion ($43.52 million). This price is notably higher than its parent company, Hoang Anh Gia Lai (HAGL Group), whose shares trade around VND14,000 ($0.53). Chairman Doan Nguyen Duc emphasizes that the valuation reflects profit growth potential and dividend policies.
By 2026, HAGL Invest expects profits of VND1,815 billion ($69.35 million) as it continues to expand its cultivated areas. Currently, only about 40% of its land is productive, with significant harvesting expected between 2027 and 2029. The company is committed to a cash dividend distributing 50% of its charter capital for the first three years post-IPO.
HAGL Invest, which spans 7,932 hectares across Laos, primarily cultivates bananas, durians, and coffee. Bananas have been a major revenue driver, contributing significantly to 2025 figures. Looking ahead, coffee is seen as a long-term growth strategy, with plans to expand coffee plantations to 7,000 hectares by 2030.
In 2025, the company reported a 21% revenue increase to VND4,885 billion ($186.67 million), with a 74.6% rise in after-tax profit. For 2026, it targets VND7,456 billion in revenue, up 53%. In the first half of 2026, it achieved 29% of its revenue and 43% of its profit targets.
Investors are advised to monitor the coffee market closely, as it is projected to become HAGL Invest’s primary crop in the future.
