Dat Xanh Group (DXG) Targets 2,000B VND Annual Profit from 2027 at 2026 AGM

Overview

At its 2026 Annual General Meeting of Shareholders (AGM), Dat Xanh Group Joint Stock Company (DXG) outlined a strategic plan targeting 2026 revenue of 5,000 billion VND and net profit of 268 billion VND, representing approximately 16% growth. The company announced a long-term ambition to achieve a minimum annual net profit of 2,000 billion VND starting from 2027, positioning 2026 as a year of consolidation before a potential acceleration phase.

Key Facts

• Set 2026 revenue target of 5,000 billion VND and net profit target of 268 billion VND, representing ~16% growth from 2025 results of 4,192 billion VND revenue and 231 billion VND net profit.
• Announced long-term ambition for a minimum annual net profit of 2,000 billion VND from 2027 onwards.
• Approved a stock dividend issuance at approximately 14% ratio, raising charter capital to over 11,000 billion VND.
• The Privé project Phase 1 has sold approximately 99% of units, Phase 2 has sold over 90%, with Phase 3 expected to launch sales in 2026.
• The Privé project Phase 1 construction is about 50% complete on rough work, with handovers expected to begin in Q2-Q3/2027.
• Gem Sky World project has completed infrastructure and is ready for exploitation, with sales timing being optimized for pricing and cash flow.
• The company holds a land bank with clear legal status, with some Ho Chi Minh City land included in the pilot list under Resolution 171.

What Happened

At the 2026 AGM, Dat Xanh Group’s Board of Directors presented a strategic vision focusing on the 2027-2031 period as a new growth cycle. Management assessed 2026 as a transitional year for the real estate market, citing stabilizing interest rates, new legal frameworks taking effect, and continued public investment momentum. The company adopted a cautious strategy to strengthen its foundation rather than accelerate prematurely, describing 2026 as a “rhythm shift” period.

According to the company filing, the 2026 profit target of 268 billion VND was built with a “safe” approach to serve the restructuring process, though management expects actual results could exceed the plan. The AGM approved a stock dividend issuance of approximately 14% and completed previous issuances, raising charter capital to over 11,000 billion VND. Lương Trí Thìn, Founder and Chairman of the Strategy Council, highlighted The Privé project as a key pillar, with revenue and profit from this project expected to be recorded during 2027-2029 as the main growth driver.

Market Context

Dat Xanh Group (DXG) trades on the Ho Chi Minh Stock Exchange (HOSE) under the real estate sector. The stock closed at 15,000 VND on April 15, 2026, with a slight decline of 0.33% on volume of 18.3 million shares. The announcement comes as the Vietnamese real estate sector shows signs of gradual recovery, with companies positioning for potential market improvements in the medium term.

Strategic Significance

The 2,000 billion VND annual profit target from 2027 represents a substantial increase from current levels and signals management’s confidence in its project pipeline and market positioning. The strategy relies on disciplined project development with complete legal documentation, a ready land bank (including properties under Resolution 171 pilot programs), and key projects like The Privé entering revenue recognition phases. This approach aims to reduce execution risk while capturing upside from market recovery.

What to Watch

• Quarterly earnings reports throughout 2026 to track progress toward the 268 billion VND net profit target.
• Sales launch of The Privé Phase 3 in 2026 and subsequent sales performance.
• Handover schedule for The Privé Phase 1 beginning Q2-Q3/2027 and associated revenue recognition.
• Timing and pricing of Gem Sky World project sales as management optimizes for market conditions.
• Updates on land bank development under Resolution 171 pilot programs in Ho Chi Minh City.