1Q26 Earnings forecast: strong growth but increasingly polarized
Posted: Mar 31, 2026
- In 1Q26, we estimate that earnings across the overall market could post strong yoy growth of approximately 25%. However, this growth is unlikely to be broad-based, with gains concentrated in only a few sectors or companies benefiting from exceptional factors.
- The sectors expected to deliver the strongest earnings growth in 1Q2026 include real estate (+407% yoy), mainly driven by VHM, oil & gas (+122% yoy), and retail (+46% yoy).
- Some sectors are expected to underperform the broader market, including industrial park real estate (-23% yoy) due to lower land handover volume compared with last year’s high base, the export (-21% yoy), and aviation (-10% yoy) due to the impact of fuel costs.
Share:
Relevant reports
Don't have an MBS account?
Open an accountStart trading and stay informed with timely updates and valuable reports from MBS.
If you have an MBS account, please register to receive reports from MBS.
Get the latest market updates and corporate insights from MBS.