Vietcap Investment Day 2026: MSR’s Growth Story Captivates Elite Investors

As artificial intelligence (AI) continues to reshape the global technology landscape, the strategic materials powering this transformation are drawing increasing attention from investors. At the Vietcap Investment Day 2026, Masan High-Tech Materials (UpCOM: MSR) emerged as one of the companies capturing strong interest from the investment community, driven by its growth story centered on the strategic metal tungsten.

Held on March 12, 2026, in Ho Chi Minh City, the event brought together hundreds of investment funds, financial institutions, and leading investors from Vietnam and around the world. Representing the company, Deputy CEO Phan Chien Thang shared insights into market dynamics and MSR’s development strategy in the years ahead.

During his presentation, Mr. Thang highlighted how the accelerating AI wave is fueling a massive global investment cycle in data centers, semiconductor manufacturing, and high-performance computing infrastructure. Behind these critical technologies lies tungsten — a metal prized for its exceptional hardness, heat resistance, and electrical conductivity — and a core product of MSR.

At the same time, global tungsten supply is tightening as countries increasingly move to secure strategic mineral resources to strengthen supply chain resilience. Against this backdrop, tungsten prices have risen sharply, making the metal one of the most closely watched commodities among investors.

According to insights shared at the event, the price of APT (ammonium paratungstate) — the key benchmark for the global tungsten market — has now exceeded USD 2,400 per mtu, compared with an average of below USD 500 per mtu in 2025. This surge suggests the tungsten market may be entering a new growth cycle, driven by rapidly expanding demand from high-tech industries, particularly semiconductors and artificial intelligence.

Alongside this favorable market outlook, MSR’s business performance is also gaining strong momentum. The company expects its Q1 2026 profit to reach approximately USD 20 million, already surpassing its full-year profit target of USD 12 million.

Looking ahead, if APT prices remain around USD 2,000 per mtu, MSR’s revenue in 2026 could reach approximately USD 1.3 billion, with net profit estimated at around USD 240 million (equivalent to roughly VND 6.3 trillion).

These projections point to a period of significant cash flow expansion for the company, creating greater capacity to support long-term growth initiatives and potentially pave the way for future dividend payments.

In parallel, MSR is exploring opportunities to bring in strategic partners while considering potential listings on larger domestic and international exchanges to expand access to capital and further enhance shareholder value.

The investor Q&A session was particularly lively, with questions focusing on tungsten market trends, MSR’s growth strategy, ESG initiatives, and the company’s long-term development vision.

Mr. Thang, together with Michael Glover, Chief Executive Officer, and Aditya Aggarwal, Deputy CEO, engaged directly with investors, providing deeper insights and addressing key concerns, helping the investment community gain a clearer understanding of MSR’s strategic direction.

One investor at the event shared enthusiastically that he had prepared a long list of questions before the session — but found that the company’s presentation had already addressed nearly all of them.

The strong engagement from investors not only reflects growing confidence in the outlook for the tungsten market, but also highlights MSR’s increasingly important role in the global supply chain for strategic materials.