{"id":36113,"date":"2026-04-24T15:15:52","date_gmt":"2026-04-24T08:15:52","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=36113"},"modified":"2026-04-24T15:15:52","modified_gmt":"2026-04-24T08:15:52","slug":"gtjasvn_hpg-equityreport_-update-agm-2026_april-21-2026_en","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hpg-equityreport_-update-agm-2026_april-21-2026_en\/","title":{"rendered":"GTJASVN_HPG EquityReport_ Update AGM 2026_April 21 2026_en"},"content":{"rendered":"<p><span style=\"font-family: helvetica, arial, sans-serif\"><a href=\"https:\/\/gtjai.com.vn\/wp-content\/uploads\/2026\/04\/GTJASVN_HPG-EquityReport_-Update-AGM-2026_April-21-2026_en.pdf\">GTJASVN_HPG EquityReport_ Update AGM 2026_April 21 2026_en<\/a><\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong><u>KEY HIGHLIGHTS<\/u><\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 At the meeting, Chairman Tran Dinh Long announced the Q1 2026 results, highlighting strong growth in HRC sales volume (driven by increased capacity following the commissioning of Dung Quat 2). Management also expressed a positive outlook, supported by continued acceleration in public investment this year.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Export performance remained resilient despite Vietnamese steel products facing a 50% tariff in the U.S. However, the Group continues to prioritize the domestic market over exports.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Other business segments, including agriculture and household appliances, continued to be expanded and delivered solid performance.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Regarding the 2025 profit distribution plan, the Group proposed a total dividend payout of 15%, comprising 10% in stock and 5% in cash.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong><u>\u00a0<\/u><\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\"><strong><u>ASSESSMENT<\/u><\/strong><\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">HPG is currently in a recovery phase of the steel cycle, with trade protection policies and strong public investment driving its growth outlook. The HRC segment plays a core role, while expansion projects such as Dung Quat and Phu Yen are expected to strengthen the Group\u2019s long-term position.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"author":31,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-36113","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"<title>GTJASVN_HPG EquityReport_ Update AGM 2026_April 21 2026_en - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hpg-equityreport_-update-agm-2026_april-21-2026_en\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_HPG EquityReport_ Update AGM 2026_April 21 2026_en - GTJA\" \/>\n<meta property=\"og:description\" content=\"GTJASVN_HPG EquityReport_ Update AGM 2026_April 21 2026_en KEY HIGHLIGHTS \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 At the meeting, Chairman Tran Dinh Long announced the Q1 2026 results, highlighting strong growth in HRC sales volume (driven by increased capacity following the commissioning of Dung Quat 2). Management also expressed a positive outlook, supported by continued acceleration in public investment this year. 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