SAB - Earnings remained broadly flat YoY despite a major summer event
SAB recorded broadly flat YoY results in 2Q26, with net revenue reaching VND 6,888 billion (+1.2% YoY), 11% below our estimate.
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Saigon Beer - Alcohol - Beverage Corporation (SAB VN) - Rising Selling Expenses Pressure Profits
As Saigon Beer - Alcohol - Beverage Corporation (SAB VN) is a dominant domestic brewer, we used the market-based valuation method to value SAB stock.
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SAB - Growth rebounded from a low base and favorable seasonality
Net revenue in Q1/26 reached VND 6.457bn (+11.1% YoY). Beer revenue accounted for 93.6% of total revenue at VND 6.046bn (+11.0% YoY).
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Saigon Beer - Promising Start Amid Uncertainties
We maintain our target price for SAB at VND52,800, equivalent to a P/E ratio of 16.0, but downgrade to a Hold rating (from Trading Buy), as the...
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SAB - A Highlight from Optimizing Raw Material Costs
Q4/2025 net revenue reached VND 6,837 billion (-23.5% YoY). FY2025 net revenue totaled VND 25,888 billion (-18.8% YoY), falling short of the...
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