Dat Xanh Group (DXG) Targets VND 5,000B Revenue for 2026, Plans 14% Stock Dividend

Overview

Dat Xanh Group Joint Stock Company (HOSE: DXG) held its 2026 Annual General Meeting of Shareholders (AGM) on April 17, 2026, approving key business targets and a capital increase plan. The company set a 2026 consolidated revenue target of VND 5,000 billion, representing approximately 16% growth from its 2025 result, and plans to issue a stock dividend at an estimated ratio of 14%.

Key Facts

• The 2026 AGM approved a 2026 revenue target of VND 5,000 billion and a net profit after tax target of VND 268 billion.
• The company reported 2025 consolidated revenue of VND 4,192 billion and net profit after tax attributable to parent company shareholders of VND 231 billion.
• A stock dividend issuance is planned for 2026 at an estimated ratio of 14%, which would raise the company’s charter capital to over VND 12,600 billion.
• The high-end project The Privé is launching Phase 2 sales, with Phase 3 sales expected in Q2 2026; Phase 1 construction is approximately 50% complete on the rough structure, with handover targeted for Q2 2027.
• The Gem Sky World project in Long Thành, Đồng Nai has completed infrastructure investment, with over 4,000 land plots already granted land use right certificates.
• Founder and Chairman of the Board of Directors, Mr. Lương Trí Thìn, stated the company has 10 projects in Hồ Chí Minh City ready for deployment, including 6 approved under the pilot mechanism of Resolution 171.
• The expected 2026 operational commencement of Long Thanh International Airport is viewed as a major infrastructure catalyst for housing demand in the region.

What Happened

Dat Xanh Group (DXG) successfully convened its 2026 Annual General Meeting of Shareholders on April 17, 2026. According to the meeting materials, the AGM approved the company’s 2025 financial results and its business plan for 2026. The company characterized 2025 as a transitional year focused on operational stabilization, resource restructuring, and preparation for a new growth cycle, highlighted by the sales launch of its key high-end project, The Privé.

For 2026, DXG is targeting a significant acceleration in project deployment. The company plans to bring the remaining inventory of the Gem Sky World project to market by the end of 2026. Chairman Lương Trí Thìn noted in the AGM that the company has a pipeline of 10 projects in Hồ Chí Minh City ready for implementation. The planned stock dividend issuance is intended to support the company’s capital base for this expansion phase.

Market Context

DXG trades on the Hồ Chí Minh Stock Exchange (HOSE). The stock closed at VND 15 on April 15, 2026, down 0.33% on volume of 18.3 million shares. The announcement of forward-looking targets and a capital return plan comes as the broader Vietnamese real estate sector shows signs of recovery, with developers shifting focus from restructuring to growth-oriented guidance.

Strategic Significance

The 2026 targets and project timelines signal DXG’s strategic pivot from a stabilization phase to a growth execution phase. The company’s thesis hinges on monetizing its prepared land bank, particularly in Hồ Chí Minh City and the Long Thành area, leveraging external catalysts like airport infrastructure. The concentration on high-end segments (The Privé) and large-scale township projects (Gem Sky World) aims to capture demand from infrastructure-led urbanization and premium buyers, potentially improving margin profiles compared to mass-market developments.

What to Watch

• Quarterly financial reports, starting with Q1 2026, to track progress toward the VND 5,000 billion revenue and VND 268 billion profit targets.
• Official announcement and execution timeline for the planned ~14% stock dividend issuance.
• Sales velocity and pricing for Phase 3 of The Privé project, expected to launch in Q2 2026.
• The actual operational commencement of Long Thanh International Airport in 2026 and its subsequent impact on demand and transactions at the Gem Sky World project.
• Updates on the deployment of the 10 Hồ Chí Minh City projects mentioned by the Chairman, particularly the 6 under Resolution 171.