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Shares of VLB, Bien Hoa Construction and Building Materials Production JSC, rose over 2% to 53,700 VND per share, an all-time high, pushing market capitalisation above 2,500 billion VND for the first time. In Q3/2026, revenue reached about 442 billion VND (+35%), after-tax profit was 117 billion VND (+86%), and gross margin widened from 25.1% to 34.6%. For the first nine months, pre-tax profit was about 708 billion VND, including roughly 344 billion VND of one-off income; excluding this, profit was about 364 billion VND, up about 45%. Agriseco Research forecasts 2026 after-tax profit of about 680 billion VND (+126%), but says demand from Long Thanh airport may decline from 2027 as the project nears completion. Projects such as HCMC's Ring Road 4 and the expansion of the HCMC–Trung Luong–My Thuan expressway are expected to support sales volumes in 2027–2029.
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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.
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Song Da Cao Cuong (SCL) plans to offer 6 million common shares at 12,500 VND per share, expecting to raise 75 billion VND to increase charter capital, restructure funding and ensure financial balance. Subscription registration runs from Nov. 17, 2026 to Dec. 8, 2026, while the rights transfer period runs from Nov. 17 to Dec. 3, 2026. The company has charter capital of over 388.3 billion VND, is headquartered in Hai Phong and trades on UPCoM. Founded in 2007 with fly ash production, it has expanded into AAC blocks, panels, dry mortar, adhesives and artificial gypsum; 2025 net revenue was about 618.6 billion VND and after-tax profit about 64.3 billion VND. In 2024 revenue, bricks, panels, mortar and adhesives accounted for about 76.3%, while fly ash made up 19%.
- 100 Million Tonnes of Special 'Treasure' Discovered, Vietnam Moves Immediately to Exploit It
The article argues that rapid industrialization and urbanization put Vietnam in a dual bind: rising demand for construction materials and pressure to handle large volumes of waste. According to UNEP, the world consumes over 42 billion tonnes of materials a year, and shifting to a circular economy that treats waste as a resource has become a vital global strategy. Japan reused and recycled 99.3% of its 12.35 million tonnes of coal ash in 2016, while European countries reused more than 90% of about 40 million tonnes of coal-combustion waste that year. In Vietnam, the Ministry of Construction says the country had consumed about 100 million tonnes of thermal power ash and slag by the end of 2024, though waste backlogs remain a heavy burden in some localities. The article also highlights Song Da Cao Cuong Joint Stock Company (SCL), which pivoted to recycling thermal power ash in 2007 and was among 227 enterprises honored in the 10th Vietnam National Brand program (2026).
- 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.
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- Nvidia's web of AI bets: smart strategy or bubble risk?
Nvidia's $3 billion investment in Meta's share sale adds to a growing portfolio of stakes, loans and guarantees that some analysts say has made it the central bank of the AI boom. Its stakes include OpenAI, Anthropic, xAI, neocloud providers CoreWeave and Nebius, and partners in Europe and Asia. Nvidia committed to buy up to $6.3 billion of unused CoreWeave computing capacity and, according to US media, holds about $36 billion in cloud backstops and a guarantee of up to $105 billion linked to an OpenAI data center. MIT's Michael Cusumano says its huge profits leave few better options, while Gil Luria of D.A. Davidson calls the approach unprecedented but says it "appears to be working." Some doubters still ask whether the deals are inflating an AI bubble.
- Intel plunges on a major guidance miss. What went wrong — and how to proceed
Intel's third-quarter revenue rose 21% year over year to 16.513 billion USD, slightly above the LSEG consensus of 16.496 billion USD, while non-GAAP EPS more than doubled to 52 cents against an estimate of 40 cents. However, its guidance showed heavy dependence on the struggling PC market, and the shares fell sharply after hours. PC sales fell 5% year over year but still account for more than half of the CCPG + DCAI products group's revenue and about 43% of Intel Products' operating income. Surging memory prices and limited manufacturing capacity are pressuring the PC market; CEO Lip-Bu Tan said demand for 2027 is significant, while CFO David Zinsner estimated a 300 million USD impact in the fourth quarter, likely similar in the first quarter. The article says analysts will need to revise estimates downward for several quarters, the rating is under review, and the price target is cut to 100 USD.
- Interest rates on October 30 at Agribank, Vietcombank, BIDV, VietinBank, MB, VPBank, Techcombank, Sacombank, HDBank,...
A survey of online deposit rates at 35 banks as of 30/10/2026 shows wide gaps between banks and terms. Most banks list 4.75% per year for 3-month deposits, while GPBank is at 3.7% per year and SeABank at 3.95%. For 12-month terms, MBV, PGBank, Sacombank, VCBNeo and VIB each list 7% per year, and VPBank leads the 18-month term at 7.4% per year. Notably, longer terms do not always pay more: Techcombank falls from 6.25% per year at 12 months to 5.35% at 18 months, and VIB from 7% to 5.9%. The rates shown are published online rates for individual customers and may vary by deposit amount and method.
- VietCredit Posts Nearly VND 1,559 Billion in Pre-Tax Profit After Nine Months as Outstanding Loans Top VND 20,900 Billion
VietCredit (UPCoM: TIN) reported nine-month pre-tax profit of VND 1,558.6 billion, nearly double the VND 779.4 billion a year earlier, and after-tax profit of about VND 1,248.5 billion, up over 90%. Net interest income for the period reached about VND 5,186.5 billion, up nearly 160%, driven by loan growth as outstanding customer loans reached VND 20,928 billion, up more than 124% year on year. Total assets reached VND 26,219 billion, while nine-month credit risk provisions exceeded VND 2,144 billion and the overall non-performing loan ratio was about 6.75%. The article notes that newly issued loans, especially in fast-growing products, will need more time to be fully reflected in overdue and bad debt figures in coming periods.
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Alphabet shares (GOOG, GOOGL) fell over 13% after third-quarter results, their biggest drop since the company went public in 2004, wiping about $482 billion off market value, the second-largest one-day loss in U.S. history. Revenue rose 25% to $127.6 billion, with Google Cloud up 103% to $30.7 billion, while search revenue grew 12% to $63.4 billion, slower than the 17% growth in the second quarter. Net income fell 25% to $26.2 billion as $8.2 billion in other expenses weighed on results, and capital expenditures hit a record $51.4 billion, leaving negative free cash flow of $9.1 billion for a second straight quarter. The article argues AI is both driving growth and costing heavily, and that slowing search growth raises concerns that AI agents are eroding Google's search dominance.
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