TRC – Update – Tailwinds support 2026-27 outlook
Posted: Oct 9, 2026
- Driven by higher ASP and sales volume, alongside land compensation and tree liquidation proceeds, we forecast net profit (NP) for Q3 and 2H2026 to grow by 22% and 256% yoy, respectively;
- We expect 2026 NP to surge 163% yoy, fueled by positive performance in the rubber segment and land compensation. NP is forecasted to decline in 2027 due to the absence of further land compensation, though rubber segment earnings are projected to grow 7% yoy;
- We recommend ADD for TRC with a target price of VND 35,100/share.
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