Danny Le, CEO of Masan Group (MSN), recently registered to buy 5 million shares from 16/3 to 14/4. His purpose is investment and to increase his ownership stake. If the transaction is successful, he will hold over 8,95 million MSN shares, equivalent to a 0,59% stake.
Based on yesterday's closing price, Danny Le could use approximately 341,5 billion dong to complete the purchase.
The Masan CEO is accumulating more shares amidst a market correction for MSN. From a price of over 84.000 dong per share at the end of january – a time of record-high stock prices – the stock has fallen over 17% to around 70.000 dong. This is also the lowest price range since the end of 6/2025.
However, in recent reports, securities companies have issued optimistic forecasts for this stock. The target price for MSN within the next 12 months, set by SSI Research, Bao Viet Securities (BVSC), and BIDV Securities (BSC), is consistently above 100.000 dong.
SSI Research set a target price of 107.000 dong, forecasting net profit for 2026 to reach 9.580 billion dong, a 42% increase year-on-year. This analysis group suggests that WinCommerce, a subsidiary operating the Winmart chain, could benefit from changes in tax policies for individual business households, thereby accelerating the shift towards modern retail channels. Regarding Masan High-Tech Materials (MSR), a subsidiary specializing in mineral exploitation, rising tungsten prices are expected to support non-core profit growth in 2026. Furthermore, SSI believes MSN will benefit when Vietnam's market receives an upgrade from FTSE, which could attract foreign capital to the stock.
Meanwhile, BVSC set a target price of 117.500 dong. They assert that the stock will be supported by an anticipated 73% profit growth this year and balanced profit contributions from all business segments, with no subsidiary remaining a burden, thereby altering market perception of MSN's valuation. Additionally, the PEG ratio – a stock valuation indicator based on the growth rate of earnings per share – is currently around 0,4 times, which BVSC considers attractive compared to large-cap stocks.
Previously, Masan announced full-year after-tax profit for 2025 reached 6.764 billion dong, an increase of over 58% year-on-year. This marks the second-highest profit in MSN's operational history, trailing only the exceptional figure of 2021 (over 10.101 billion dong). Excluding the extraordinary income from the sale of its animal feed business in 2021, last year's result represents a record profit.
This year, Masan targets consolidated net revenue of 93.500-98.000 billion dong, corresponding to a 15-20% growth rate year-on-year. After-tax profit is projected to reach 7.250-7.900 billion dong, equivalent to a 7-17% growth rate.
The management expects to continue reducing financial leverage to strengthen the balance sheet and decrease financial costs. Concurrently, the company plans to further reduce its ownership in non-core businesses to streamline its structure, focusing more on its consumer-retail platform.
Tat Dat
