Vietnamese diversified group Masan reported a net profit of 10.3 trillion dong ($399 million) in the first nine months of 2026, exceeding its target for the period. In a separate development, CIMB Group Holdings has denied plans to take its Indonesian subsidiary Bank CIMB Niaga private.
Masan Group outperforms profit target
Vietnamese diversified group Masan reported a net profit of 10.3 trillion dong ($399 million) in the first nine months of 2026, which exceeded its target for the period and was 1.5x higher than its full-year profit in 2025.
Net revenue in the first nine months of this year reached 89.1 trillion dong, up 52.7% year-on-year.
Masan’s operations include consumer goods, retail, natural materials and financial services.
“With its investment-heavy phase complete and all subsidiaries now self-funded, the group is turning its focus to attracting the right long-term shareholder base and partners at Masan Consumer Holdings and Masan High-Tech Materials, simplifying its shareholding structure, paying down holdco debt and, over the medium term, returning capital to Masan shareholders,” the firm said in its earnings disclosure.
Earlier this month, Masan planned to raise its stake in Masan Consumer to 74.9% from 69.4%. Meanwhile, it has also sold a 5% stake in Masan High-Tech Materials to US-based tungsten alloys supplier The Elmet Group, as part of its subsidiary’s strategic shareholder programme ahead of a planned public listing.
CIMB denies plans to privatise Indo unit
CIMB Group Holdings has denied plans to take its Indonesian subsidiary Bank CIMB Niaga private, following reports that the Malaysian banking group was considering a buyout to address Indonesia’s revised minimum free-float requirements.
“CIMB Group categorically denies plans to privatise CIMB Niaga. The Group has made no decision and tabled no formal proposal in relation to the potential privatisation of CIMB Niaga,” the group said in a statement on Thursday.
CIMB added that the Indonesian lender remained an integral part of its regional operations and that it was committed to its business in Indonesia.
“The Group will continue to meet all applicable regulatory guidelines, including minimum free float requirements in a timely and structured manner,” it said.
In a separate disclosure with the IDX, CIMB Niaga said its controlling shareholder had reviewed options for meeting the minimum free-float requirements under IDX regulations and had taken steps towards compliance. The bank referred to a letter submitted to the exchange on September 17, but did not detail the measures under consideration.
CIMB Niaga said it would continue to comply with applicable regulations and consult with the Financial Services Authority (OJK) and the exchange. Any material decisions would be disclosed to regulators and the public, it added.
The statement follows reports on Wednesday that cited CIMB Investment Bank identifying privatisation as a potential option for CIMB Niaga, alongside a share placement to strategic investors and a re-IPO.
The reports said CIMB was weighing its options amid Indonesia’s revised public shareholding requirements and weaker equity market conditions.
