Foreign investors were net sellers of approximately 1,161 billion VND (~$46.44 million) on the market, with heavy net buying of VIC and SSI but strong net selling of FPT and VHM.
Masan High-Tech Materials (MSR) announced at its AGM a 2025 revenue target of VND 20.3T (nearly triple 2024) and net profit target of VND 1.7-2.5T, representing a 150-220 fold year-on-year increase. The guidance is driven by structurally high tungsten prices, which have risen over tenfold in the past year due to AI semiconductor demand and Chinese export restrictions, positioning MSR to potentially eliminate its VND 10.4T net debt by 2028.
Masan High-Tech Materials (MSR) targets 2025 net profit of VND 1,700-2,500B, a 150-220 fold increase year-over-year, alongside revenue of VND 20,300B, nearly triple 2024 levels. The guidance hinges on sustained high tungsten prices linked to AI infrastructure demand and China's export restrictions, with management noting each USD 100/mtu price increase adds USD 10M to net profit.
Masan High-tech Materials (MSR) reported a return to profit of 11 billion VND in 2025 after two years of losses, with revenue growth of 19% excluding divested assets, and presented optimistic scenarios for 2026-2027 based on high APT (tungsten) prices linked to AI and semiconductor demand.
Masan High-Tech Materials (MSR) operates the Nui Phao mine, the largest tungsten mine outside China, as China transitions to a net importer of the metal. This structural shift in global supply, driven by China's tightening production quotas and rising demand from high-tech sectors, enhances the strategic value of non-Chinese assets like Nui Phao for global supply chain diversification.
sector sentimentAveluro analysis
4Positive
Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.