BAF

Technical analysis report for the afternoon session of April 15 suggests the VN-Index continues its upward trend, with specific positive outlooks for stocks BAF and EVF based on chart patterns and indicators.

Steel stocks surged strongly on April 14, leading a broad market rally with the VN-Index surpassing 1,775 points, driven by strong domestic and foreign cash flow and positive sentiment around lower interest rates and public investment.

BAF targets 2026 net profit of VND 793 billion, a near 8-fold increase from 2025, alongside a 20% combined stock dividend and bonus share issuance. The growth plan is supported by a VND 1,200 billion convertible bond issuance and a strategic VND 12,000 billion high-rise pig farming joint venture with China's Muyuan Group in Tây Ninh.

BAF Vietnam plans to raise capital to over VND 3,700B via a 20% stock dividend/bonus and ESOP, while issuing up to VND 1,200B in convertible bonds to fund expansion, targeting a sow herd of 145,000. The company also aims for 2026 consolidated net profit of VND 793B, a sharp increase from 2025, and will add the CEO of major shareholder Siba Holdings to its board.