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- Allegion plc : Allegion ( NYSE : ALLE ) Reports Q3 - 2026 Financial Results
Allegion plc (NYSE: ALLE) reported third-quarter 2026 revenue of $1,172.6 million, up 9.6% on a reported basis and 7.2% organically, led by the Americas. EPS rose 18.8% to $2.59, and adjusted EPS rose 13.0% to $2.60. Operating margin was 24.3% versus 21.8%, and adjusted operating margin was 24.7% versus 24.1%. The Americas segment grew revenue 11.7% (9.1% organically), while International grew 1.8% but declined 0.2% organically. Allegion raised its full-year 2026 revenue and adjusted EPS outlook, and IEEPA tariff refunds added $19.9 million to operating income, excluded from adjusted figures.
- 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.
- Securities firm BSC highlights three undervalued stock groups with expected strong gains in 2027
In its Q4 2026 strategy report, BIDV Securities (BSC) prioritises three sectors that benefit from domestic growth and have cheap or reasonable valuations: banking, retail and building materials. Building materials was upgraded on expectations of stronger public investment disbursement in Hanoi and Ho Chi Minh City, with sector profit forecast to grow about 22% in 2027. Hòa Phát (HPG) has a target price of 32,700 VND, implying 60% upside, with profit expected to rise 81% in 2026 and 17% in 2027. Among banks, BSC picks Vietcombank (VCB), MB (MBB) and VPBank (VPB), while in retail, Thế Giới Di Động (MWG) is rated attractive with a forward 2027 P/E of about 8.7 times and a target price of 102,500 VND (39.6% upside). Separately, FPT is viewed positively as new contract signings rose 28% in the first nine months of 2026.
- Minister Trần Hồng Minh: Disbursing 100% of Public Investment Capital Is a Directive
The Ministry of Construction has entered the final push of the year, determined to disburse 100% of its public investment capital plan, which Minister Trần Hồng Minh treats as a mandate and a top political task tied to evaluating each unit's performance. At a 9-month review meeting in 2026, the minister ordered departments to work directly with each project management board to identify bottlenecks, and to bar contractors who stall or lack capacity from future projects. Key challenges include shortages and volatile prices of construction materials such as fill soil, sand, stone and asphalt, as well as a lack of engineers and skilled workers. For Mekong Delta projects facing material shortages, the ministry is studying alternative technical solutions and materials. Deputy Secretary of the Government Party Committee Nguyễn Thị Tuyến urged the ministry to continue disbursement under Resolution 312/NQ-CP and asked localities to promptly issue construction material price indexes that reflect market changes.
- As Major Construction Sites Light Up Together, SSI Names Two Industry Groups Poised to Benefit, Potentially Creating a “Wave” Next Year
SSI Research views 2026 as a preparation and site-clearance phase for many public investment projects, with construction concentrated in 2027, and rates both industrial real estate and construction materials favorably. For industrial parks, registered FDI in the first nine months of 2026 rose 76.4%, and leasing demand is recovering, but margins for new parks are estimated at only about 30–35%, below those of existing projects. In construction materials, finished steel sales rose 17.8% in the first eight months to 15.2 million tonnes, and SSI highlights Hòa Phát (HPG) as a standout, forecasting core profit growth of 42% in 2026 and 23% in 2027. Domestic cement consumption rose 16.1% over the same eight months, and Vicem Hà Tiên (HT1) is forecast to see strong profit growth. The analysts note that coal prices and input costs remain key variables for profitability.
- PulteGroup, Inc. Q3 2026 Earnings Call Summary
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- Bank Profits Surge
The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.
- World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide
SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.
- Gold Prices Continue to Fall
On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).
- Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News
VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.
- Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'
A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.
- International Business : Global stocks nosedive as Meta dents AI optimism
Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.
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