This digest covers major Vietnamese and international financial and economic news from the past 24 hours. PNJ's share price fell after its extraordinary shareholder meeting, as no investors had yet committed to its share issuance, while RESCO plans to withdraw capital from 13 companies. Dabaco (HOSE: DBC)'s net profit fell nearly 42% as hog prices dropped, despite strong gains in its vegetable oil and animal feed segments. Masan (HOSE: MSN) more than doubled its profit in nine months, surpassing its full-year baseline plan. The draft amended Land Law proposes compensation in land for the same purpose, other land or cash, while the CCP mechanism is expected from Q1/2027.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: 23/10: Đọc gì trước giờ giao dịch chứng khoán?
Read the original on Vietstock ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Phúc Long hits record revenue after Masan's takeover
Phúc Long Heritage posted third-quarter revenue of VND 589 billion, up more than 14% and its highest since Masan began consolidating it, driven by delivery channels and better store performance. Quarterly EBITDA reached VND 107 billion, up nearly 15%, marking the third straight quarter with EBITDA in the hundreds of billions of dong. For the first nine months, revenue rose more than 24% to VND 1,708 billion, EBITDA climbed nearly 32% to VND 335 billion, and after-tax profit reached VND 207 billion, up 46% and already exceeding the VND 195 billion earned in all of last year. The chain opened 26 stores in the quarter, bringing its standalone total to 239, and 44 in nine months, within its 40-50 target for 2026.
- PNJ breaks to new lows after chairwoman Cao Thị Ngọc Dung apologizes
PNJ shares fell 6.2% to VND 17,450 in the 23/10 session, touching a daily floor of VND 17,300, the lowest level in nearly a decade, with market capitalization now below VND 9,000 billion. At an extraordinary shareholders' meeting on 21/10, chairwoman Cao Thị Ngọc Dung apologized to shareholders and called it the most difficult period in nearly 40 years of the company's history. The meeting approved a private placement of up to 550 million shares to raise an estimated VND 8,000 billion and cut the 2026 plan to revenue of VND 39,057 billion (down 20%), with a projected profit of VND 3,409 billion turning into a loss of VND 6,271 billion, mainly due to a VND 7,071 billion provision. In Q3/2026, net profit was negative VND 258 billion, compared with VND 496 billion a year earlier. SSI said the capital raise could ease short-term liquidity pressure but flagged risks of shareholder dilution and rebuilding brand trust.
- SSI forecasts when PNJ's profit will return to the VND 1,000 billion mark
SSI forecasts PNJ's net revenue at VND 39,100 billion in 2026, VND 43,400 billion in 2027 and VND 57,700 billion in 2029, while after-tax profit is forecast at minus VND 6,300 billion in 2026, rising to VND 1,200 billion in 2028. The company holds large inventory, with diamonds making up 52%, and may need to set aside additional provisions for inventory write-downs if gold prices fall. Under SSI's estimated scenario, PNJ's additional repurchase obligation could be about VND 16,800 billion; to ease short-term liquidity pressure, the company plans to issue up to 550 million shares to raise VND 8,000 billion. Preliminary Q3/2026 results show a net loss of VND 258 billion, compared with a profit of VND 496 billion a year earlier. SSI continues to keep PNJ's stock at “Under review”.
- PNJ runs out of cash: A stress test for the 'king' of the jewelry industry
After a sharp rise in diamond and jewelry buy-backs from July, PNJ's Q3 2026 net revenue fell 14% to nearly 7,000 billion VND, with gross profit down 62% to 609 billion VND and a 258 billion VND after-tax loss. Cash and deposits at end-September were only about 770 billion VND, including a 700 billion VND personal loan from the Board Chair, while diamonds account for about 52% of inventory and are hard to sell without deep discounts. The company extended buy-back payments to 120 days, but retail revenue in August and September was under half of normal levels. The revised 2026 plan cuts revenue 19% to 39,057 billion VND and projects a 6,271 billion VND loss, mainly due to a provision of over 7,071 billion VND, and proposes a private share placement of up to 550 million shares to raise about 8,000 billion VND.
- PNJ needs an additional VND 100-150 billion per month to maintain operations
At PNJ's 2026 extraordinary general meeting, management said the company needs an additional VND 100-150 billion per month to keep operating, with bank debt around VND 3,000 billion and 52% of inventory being hard-to-sell diamonds. Chairwoman Cao Thị Ngọc Dung and her family reduced their stake to fund a VND 700 billion loan to the company, and now hold about 11.4% of shares. Because a 2026 loss of nearly VND 6,300 billion means PNJ does not meet the Securities Law requirements for a rights issue to existing shareholders, it chose a private placement instead. The revised 2026 plan cuts revenue 19% to VND 39,057 billion and swings to a VND 6,271 billion after-tax loss due to a provision of over VND 7,071 billion; excluding it, profit is estimated at about VND 800 billion, while the 2027 scenario projects only about VND 100 billion.
- Ms. Cao Thi Ngoc Dung: 'We Had No Other Choice, So I Sold PNJ Shares'
At an extraordinary shareholders' meeting, over 1,100 shareholders representing about 61.7% of voting rights attended and asked Chairwoman Cao Thi Ngoc Dung to explain why her family kept selling PNJ shares. She said the sales aimed to provide capital to the company after a crisis of confidence triggered in July by a former director of P-Lab linked to a diamond smuggling ring, which led to roughly 10 times the usual volume of customers returning products. Buybacks in July alone reached nearly VND 6,000 billion, and cumulative buybacks by end-September reached about VND 21,000 billion, while Q3 revenue fell 14% and the company posted a VND 258 billion loss before provisions. Her family lent the company over VND 700 billion because bank borrowing was tightened, with about VND 3,000 billion in existing short-term bank debt and high interest rates on new loans. The board's plan for a rights issue was not feasible because the company would not meet eligibility requirements given the expected heavy loss this year, and she pledged to keep supporting PNJ.
Related markets
Latest news
- Hòa Phát Pays VND 12,038 Billion to State Budget in First Nine Months of 2026
In the first nine months of 2026, Hòa Phát Group contributed VND 12,038 billion to the state budget across 20 provinces and cities, up 28% year-on-year. Thép Hòa Phát Dung Quất was the largest contributor with VND 7,352 billion, up 26%, while Thép Hòa Phát Hải Dương paid VND 2,331 billion, up 66%. Quảng Ngãi accounted for 60% of the total, with VND 7,332 billion. As of 30/9/2026, the group's cumulative contribution to the state budget since its 2007 listing exceeded VND 112,700 billion.
- President Putin Makes Surprise Announcement: Russia and US Explore Cooperation in One of the World's Most Resource-Rich Regions
Speaking at the 8th summit of the Gas Exporting Countries Forum (GECF) in Moscow on 27 October, President Putin said Russia is ready to work with partners genuinely interested in joint projects and is exploring cooperation with US partners in the Arctic. The New York Times reported that the two sides are considering Polar LNG, a project using Russian technology to extract, liquefy and export natural gas from Alaska, with Novatek considering a minority stake. The project is notable because Novatek has extensive Arctic LNG experience, though the company behind Arctic LNG 2 is under US sanctions. Meanwhile, Kiev has criticized the diesel deal between Russia and the US, while the EU says it maintains sanctions pressure and continues to reduce its dependence on Russian energy.
- MWG Posts Record Q3 Profit, Surpasses Full-Year Plan After Nine Months
MWG reported Q3 2026 net revenue of over 52,600 billion VND, up 32%, and after-tax profit of over 3,500 billion VND, nearly double the year-earlier level and a quarterly record for the company. For the first nine months, net revenue reached 147,827 billion VND (up 30%) and after-tax profit 9,634 billion VND (up 93%), completing 80% of the full-year revenue plan of 185,000 billion VND and exceeding the 9,200 billion VND profit target by 5%. The DMX group generated nearly 99,200 billion VND in nine-month revenue, up 29%, with same-store sales growth (SSSG) of 30%, and buy-now-pay-later accounted for 38% of group revenue. Bach Hoa Xanh reached 45,900 billion VND, up nearly 34%, and the An Khang pharmacy chain's revenue rose 22%. MWG expects full-year revenue growth of 30% versus the prior year, supported by new Apple products and the year-end shopping season.
- Market Pulse, 28/10: Stocks Fluctuate Around Reference Level as Sectors Diverge Clearly
At the midday break, VN-Index stood at 1,762.31 points and HNX-Index at 259.57 points, both hovering near the reference level. Market breadth tilted toward sellers, with 309 stocks declining and 250 advancing. VCB was the most positive contributor to the index at 1.76 points, while VHM, VPB and VIC together pulled it down by 1.57 points. Foreign investors net sold VND 263.79 billion across all three exchanges, mainly FPT (VND 125.6 billion) and VPL (VND 64.49 billion), while TCB led net buying at VND 65.79 billion.
- Meta Platforms Just Delivered Great News to AI Stock Investors
Meta announced several stock offerings this week, including a $22.5 billion offering upsized to $25 billion, plans to sell $12.5 billion of preferred stock, and $60 billion of new non-voting Class C stock, totaling $97.5 billion. The move comes amid investor concern over rising interest rates and a tight credit market, after CoreWeave's bond yields reached as high as 15%, which triggered a sell-off in neocloud and AI infrastructure stocks such as Oracle. Media reports said the offering was oversubscribed five times, meaning Meta could have sold $125 billion of stock, with Nvidia and AMD among the investors. The article argues this demand signals strong funding for AI and notes Meta trades at a P/E of around 21 after its post-earnings sell-off. It also suggests some of that money could go to Anthropic's planned IPO at a valuation of around $2 trillion next month.
- Ripple’s RLUSD Wins Moody’s Rating as XRP Faces a Bigger Question: Who Captures the Value?
Ripple's RLUSD stablecoin received a Moody's long-term deposit rating of A2 and its highest short-term rating of P-1, covering RLUSD issued on XRP Ledger and Ethereum. Ripple also received final OCC approval to establish a national trust bank, which will manage RLUSD reserves and provide institutional custody, while Bank of New York Mellon remains the primary reserve custodian. The article argues the bigger question is whether XRP captures value from RLUSD's growth: XRP is needed for network fees and account reserves on XRP Ledger, but RLUSD transfers on Ethereum need no XRP for gas. A larger opportunity could come from institutions using XRP as a bridge asset in cross-currency payments, although RLUSD can also settle directly without XRP, and the author questions whether Ripple can replicate Binance's BUSD–BNB value-capture model.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.