In 2026, Khang Dien Corporation (KDH) aims for a net profit of VND 1.5 to 2.5 trillion, marking a 50-150% growth compared to 2025.
According to KDH, the primary driver for the 2026 profit plan is the completion and revenue recognition of the low-rise segment at Gladia by the Waters, a joint venture project with Keppel (KDH holds 51%). Additionally, the existing inventory in Ho Chi Minh City is expected to contribute significantly to this year’s business results.
KDH also anticipates profits from partnerships and joint ventures with domestic and international organizations to develop projects in Binh Trung Ward, Cat Lai Ward, Binh Hung Commune, and Binh Loi Commune, Ho Chi Minh City.
Regarding project timelines, KDH plans to commence construction of the high-rise segment of Gladia by the Waters in Q1/2026, comprising over 600 apartments, with expected handover in Q4/2027. This will be a key contributor to the 2027 profit plan.
KDH has addressed rumors about a potential equity capital raise, stating that there are no such plans at present.
Vietcombank Securities (VCBS) reports that The Solina (11A) is a key follow-up project for KDH in 2026-2027, located in the southern gateway of Ho Chi Minh City. With financial obligations completed for 13/16 hectares, infrastructure construction is underway, and sales are expected to begin in late 2026 or early 2027. The low-rise units are priced at VND 10-12 billion each, and high-rise units at VND 4 billion each, with a total potential revenue of VND 7 trillion.
For the expanded Binh Trung Dong project, KDH plans to accelerate development, starting construction in 2026 and launching sales in 2027. The project includes 200 low-rise and 3,500 high-rise units, strategically located adjacent to Gladia by the Waters, benefiting from its established amenities and infrastructure.
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KDH’s Project Portfolio
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Following KDH’s positive 2025 business results, VOF Investment Limited, a VinaCapital group member, registered to purchase 10 million KDH shares (0.89% of capital) from January 20 to February 13 to restructure its investment portfolio. Currently, VOF Investment Limited holds no KDH shares.
VinaCapital Fund Registers to Buy 10 Million KDH Shares
– 16:46 16/01/2026
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