Report

2026 opens a breakthrough period for TAL

• Business results in 9M2025 maintained positive growth, with revenue reaching VND 2,171 billion (+74% YoY) and PAT reaching VND 267 billion (+45% YoY), thanks to simultaneous recordings from real estate projects being handed over and land leasing segments in Dong Van III Industrial Park.
• TAL expects business results for the whole year of 2025 to be positive, with revenue of about VND 3,800 billion (+125% YoY) thanks to the continued handover of projects No. 4 Thanh Hoa, Nam Thai and recorded an additional VND 1,119 billion from the transfer of infrastructure of Dong Van III Industrial Park. Profit after tax is expected to reach about VND 615 billion, profit margin is improved thanks to the large contribution of the industrial park segment.
• Strong growth prospects from 2026 with expected revenue of about VND 12,000 billion and profit after profit of about VND 3,000 billion, thanks to the recording of a series of large projects such as Long Bien Central, Dong Van III Industrial Park, Central Riverside, Nghi Son Central Park and Ha Nam 115-hectare urban area.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Giao Nguyen

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