On February 4, 2026, shares of Hoa Phat Group (HPG) experienced a surge, closing at 28,300 VND per share, up 5.79%, with a record trading volume of over 145.4 million shares. This price increase was fueled by market rumors and positive information regarding HPA, set to start trading on HoSE on February 6, with a reference price of 41,900 VND per share. HPA recorded over 8.1 trillion VND in revenue and 1.6 trillion VND in after-tax profit for 2025, up 55% from the previous year. Hoa Phat’s core business also showed favorable results with an after-tax profit of over 15.5 trillion VND, a 29% increase. The hot rolled coil production increased by 73% thanks to the Dung Quat 2 Complex, and the company is preparing for a Steel Rail Manufacturing Plant project to meet the demands of high-speed railway projects.
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