Afiex (AFX) reported a trading securities holding in the name of Vingroup worth 39.5 billion VND at the end of Q3 2026, with its value down 82% in one quarter. As of June 30, the company held 2,143 VIC15210 Vingroup bonds with original cost of over 216 billion VND, all pledged as collateral for loans at VPBank, and it did not disclose the item in detail. In Q3, net revenue fell 9% to 671 billion VND, but gross profit rose 138% as cost of goods fell faster than revenue, lifting after-tax profit 15% to about 10 billion VND. For the nine months, net revenue reached 2,260 billion VND, up 29%, and after-tax profit reached 37 billion VND, up 84%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Một doanh nghiệp đưa Vingroup vào mục chứng khoán kinh doanh
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
VIC
• NeutralVinGroup
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Real Estate |
| Industry | Real Estate Holding & Development |
| Market cap | 1,822,476 bn VND |
| P/E | 85.6 |
| P/B | 10.66 |
| Close on 10/26/2026 | 237.00 |
| Change that session | +0.21% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Mirae Asset Expert Warns of a Common Mistake Investors Make When Trying to 'Bottom-Fish' Stocks
Ms. Nguyen Thi Binh Minh, Director of the Business Center at Mirae Asset Vietnam Securities, says a common mistake is focusing on stocks that have fallen the most rather than assessing business quality and prospects. According to MoneyGain, as of 25 October 2026, 513 companies had reported third-quarter financials, with combined profit rising 16.4% year on year even as many share prices fell. The VN-Index's P/E was about 12.3 times on 23 October, or 10.3 times excluding Vingroup. The share of stocks trading above their 50-session moving average reached 44.33%, the highest since March 2026, but remained below 50%. Ms. Minh stresses risk management, saying a 20-25% portfolio cap per stock is only a reference limit.
- Vingroup considers building $500 million factory in the Philippines
Vingroup is considering a $500 million investment in an electric vehicle plant in the Philippines, according to the country's Ministry of Trade and Industry, and has not yet commented. The project could start construction in the first quarter of next year and take 1.5 years to complete, with capacity of about 200,000 vehicles a year for domestic and export markets. The ministry said it would offer support including tax incentives under the CREATE More Act and faster permit processing. In the first half of the year, VinFast booked nearly VND 53,200 billion in revenue, up 61%, and delivered about 128,685 electric vehicles globally, up 77%, but still posted a net loss of nearly VND 28,400 billion, narrower than the loss of over VND 38,300 billion a year earlier.
- Owner of Southeast Asia's largest exhibition centre reports profit nearly doubling
VEFAC, a Vingroup subsidiary, reported third-quarter after-tax profit of nearly 324 billion VND, up 94% year on year, mainly from transferring some investment properties, including schools in a project, to partners. Quarterly revenue reached nearly 77 billion VND, up more than 67%, with trade fairs and exhibitions contributing over 64 billion VND; financial income exceeded 388 billion VND, and financial expenses fell 95% to 5 billion VND. For the first nine months, revenue was 586 billion VND and after-tax profit 865 billion VND, down 98.7% and 93% respectively from a year earlier. As of 30 September, total assets exceeded 31,900 billion VND, up nearly 36% from the start of the year, including nearly 13,000 billion VND in loans to partners at 12% annual interest. The company had 1,360 billion VND in financial debt, all of it long-term.
- Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out
Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.
- Many stocks 'going cold' in investors' eyes
SSI Research says the VN-Index is down about 9% from its 2026 peak, but excluding Vingroup-related stocks the index has fallen as much as 16% since early September 2025. In the first 9 months of the year, the index excluding VIC, VHM, VRE and VPL dropped 6.5%, while the Vingroup group rose 22.7%. VinaCapital argues that capital concentrated in a few leading stocks leaves many businesses with good prospects overlooked, and BVH, GMD and PVS have risen about 20-40% since the start of the year. Deputy CEO Nguyen Hoai Thu says investors should study each company rather than chase the market leaders, and that low prices alone do not identify an opportunity. SSI Research forecasts market-wide profit growth slowing to about 10.1% in 2027 from 30% in 2026.
- Experts point to sector groups that could draw cash flow in Q4
Mr. Bùi Văn Huy, General Director of FIDT, says the recent rebound in the VN-Index has been driven largely by Vingroup-related stocks, with VIC and VHM alone adding over 21 points to the index on the 22/10 session. Cash flow remains weak, liquidity has not surged, foreign investors are net sellers and interest rates are still high, so the index's gains do not yet mean overall market health has fully recovered. For Q4, he suggests buying on market corrections rather than rushing, deploying capital gradually, limiting margin use, favoring companies with solid finances and avoiding chasing overheated blue chips. Sectors he says investors may watch include infrastructure, public investment, energy and green transition, and companies benefiting from preferential loans, while technology and digital transformation still face pressure from the global AI wave. He also stresses monitoring inflation, exchange rates and Fed policy, and reducing stock exposure if inflation gets out of control or interest rates turn upward.
Related markets
Latest news
- Tesla stock jumps as Barclays bets a SpaceX takeout bump is coming
Barclays upgraded Tesla to Overweight from Equal Weight and raised its price target to $450 from $370, and the stock rose 6% on Monday. The bank believes a possible Tesla merger with SpaceX could bring a takeout premium, after Elon Musk said both companies had formed special committees to discuss a deal. Barclays sees an all-stock acquisition by SpaceX as the most likely structure, with about 3.1 SpaceX shares per Tesla share at a 20% premium, leaving Musk with about 53% of the combined company's voting power; approval requires more than 50% of total outstanding shares. Barclays forecasts 1.80 million Tesla vehicles in 2026 and 1.92 million in 2027, and Tesla's robotaxi fleet had logged about 3.1 million unsupervised miles across 6 cities as of October 18. Barclays does not expect robotaxis to matter financially in the near- to mid-term.
- MSFT Stock Gets Wall Street’s Attention Ahead Of Earnings: Truist, Oppenheimer Raise Targets On Azure Growth Outlook
Oppenheimer raised its price target on Microsoft (MSFT) to $625 from $570 and kept an 'Outperform' rating, while Truist raised its target to $600 from $575 and kept a 'Buy' rating. According to Koyfin, 41 of 57 analysts rate the stock 'Buy' and 13 rate it 'Strong Buy', with 12-month targets ranging from $440 to $870 and an average of $602.20. Oppenheimer's checks indicate healthy enterprise demand, and it says infrastructure availability, rather than demand, is the main constraint on Azure growth, with a path to acceleration as capacity comes online. The firm forecasts fiscal first-quarter revenue of $90 billion, up 16% year over year, GAAP earnings of $4.69 per share, and Azure growth of 46% in constant currency, while flagging fiscal 2027 capital expenditure as a key risk. Microsoft reports results after the market closes on Wednesday, October 28, with analysts expecting revenue of $90.75 billion and adjusted earnings of $4.72 per share.
- New Found Gold Corporation (NFGC) Opens the Market
New Found Gold Corporation (TSX: NFGC) took part in the market opening at the Toronto Stock Exchange to mark its graduation to the TSX, with Chairman Paul Andre Huet, CEO Keith Boyle and President Melissa Render joining TSX Chief Commercial Officer Robert Peterman. The company describes itself as Canada's newest gold producer, with commercial production underway at its Hammerdown Gold Mine and the fully funded Phase 1 of its flagship Queensway Gold Project in Newfoundland and Labrador being advanced toward production. It also owns the Pine Cove Mill and a land package at Queensway covering more than 110 km of strike length across two prospective fault zones. Eric Sprott is named as a cornerstone shareholder.
- Why Is Broadcom (AVGO) Deepening Its Role In AI Storage Infrastructure?
Broadcom (NasdaqGS: AVGO) has qualified Seagate Technology's Mozaic hard drives for use with its host bus adapters in enterprise storage systems. The Mozaic lineup combines HAMR and SMR recording technologies and targets very high-capacity workloads in data centers. Microsoft Azure Storage has validated the combined Broadcom, Seagate and Mozaic stack in a hyperscale cloud deployment. The article notes that lower-margin, memory-heavy AI hardware is weighing on Broadcom's consolidated gross margin, and that AI infrastructure financing structures carry off-balance-sheet risk.
- What Does Goldman Sachs (GS) Gain From Its $500 Million Small Business AI Push?
Goldman Sachs Group (NYSE: GS) has launched the Small Business AI Institute, with a pledged commitment of up to $500 million. The program offers AI education, research and workshops for smaller enterprises that use Goldman Sachs services, with Anthropic, Google, Meta and OpenAI supplying technology expertise and AI tools. The article says the Institute will reach another 10,000 small firms on top of the existing 10,000 Small Businesses network. It also points to metrics investors could watch in 2027 earnings updates, such as how many of the 20,000 planned Google AI certificate seats are completed and how much AI-related small business lending is running through the network.
- NVIDIA Corporation (NVDA): A Key Beneficiary of Durable Global AI Infrastructure Buildout
In its third-quarter 2026 investor letter, Fred Alger Management's Alger Spectra Fund said Class A shares returned 0.29% without a sales charge, trailing the 0.45% return of the Russell 3000 Growth Index, and highlighted NVIDIA (NVDA) as a notable contributor. NVIDIA closed at $214.13 on October 23, 2026, down 4.95% over the past month but up 13.59% over the past year, with a market capitalization of $5.08 trillion and a 52-week range of $164.27 to $243.37. The fund calls NVIDIA a direct beneficiary of the AI infrastructure buildout, citing its competitive position, product roadmap and expanding market opportunity. It noted that the company reported stronger-than-expected results and a near-term outlook ahead of expectations, and that management signaled growth next year should be considerably faster than investors anticipated, with demand continuing to outpace supply.
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.