HDS has announced a resolution electing Philipp Roesler as Vice Chairman of the Board of Directors effective 23/10/2026 for the remainder of the 2025–2030 term; he was earlier elected as an independent board member via a written poll that closed on 20/10. Roesler, a German of Vietnamese descent, is founder and CEO of Consessor AG and has been a board member of Vietjet (VJC) since 8/2025. Shareholders also approved clearing and settlement services under a central counterparty model, and the company reported IPO plans to offer 121.79 million shares (11.11% of outstanding shares) at a minimum price of VND 12,252 per share, targeting at least VND 1,492.1 billion. In Q3/2026, operating revenue reached VND 1,130 billion (nearly 3x the same period), and after-tax profit was VND 615 billion; for the nine months, pre-tax profit reached VND 2,241 billion, 66% of the 2026 plan. As of 30/9/2026, total capital reached VND 27,750 billion, 4.7 times the start of the year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chứng khoán HD bầu Phó Chủ tịch HĐQT
Keywords
Open a keyword to see other news on the same topic.
Related news
- Former German Deputy Prime Minister nominated to board of securities firm ahead of IPO
HDS nominates Philipp Roesler, a former German Deputy Prime Minister of Vietnamese origin, as an additional independent board member for the 2025-2030 term, with a written shareholder vote planned for October since no other nominations were received by October 5. He previously served as Minister of Health, Minister of Economics and Technology, and Deputy Prime Minister in 2011-2013, and has been an independent board member of Vietjet since 2025. The nomination comes as HDS prepares to offer nearly 121.8 million shares in Q4 2026 (about 11.11% of shares outstanding), raising charter capital from about 10,961 billion dong to about 12,179 billion dong, with proceeds allocated 60% to margin lending, 10% to advances on stock sales and 30% to valuable papers. The company plans to list on HoSE, or register for UPCoM if it does not meet listing requirements. Separately, SSI Research forecasts HDBank pre-tax profit of 7,000 billion dong in Q3 2026, up 48% from 4,735 billion dong a year earlier.
- HD Securities reports nine-month pre-tax profit 3.7 times year-on-year, far exceeding its full-year 2025 profit
HD Securities (HDS) reported pre-tax profit of VND 2,241 billion for the first nine months of 2026, up 3.7 times year-on-year and 1.7 times its full-year 2025 profit of VND 1,314 billion. Nine-month after-tax profit reached VND 1,804 billion, and Q3 revenue was VND 1,130 billion, nearly three times the year-earlier level. Investment banking was a key growth driver, with underwriting and issuing-agency revenue of VND 982 billion, up 9.8 times year-on-year, while investment and funding income was the largest source at 48.9% of nine-month revenue. Charter capital rose from VND 1,461 billion to VND 10,961 billion, and equity grew about fourfold since the start of the year. The company said 87% of nine-month pre-tax profit was realized, with annualized ROE of 27.5%.
- Stock market after upgrade: Can IPOs accelerate and mid-day trading become feasible?
After the market upgrade, Vietnam’s stock market needs better trading infrastructure, more quality supply and stronger IPOs to help raise a target of 5.4 million billion VND in medium- and long-term capital over 2026–2030. Deputy Chairwoman of the State Securities Commission Lê Thị Việt Nga said 10 companies have carried out IPOs since late 2025, raising a total of 60,900 billion VND, more than nine times the 2021–2024 total, with 7 already listed. On mid-day trading, VNX Chairman Lương Hải Sinh said the exchange is still studying the option, which requires careful assessment of technology readiness, operating costs and the burden on securities firms, noting Singapore returned to a trading break in 2017 after continuous trading from 2011. In the first nine months, capital raised through the stock market reached 731,600 billion VND, up 85.6% year on year, and market capitalization exceeded 10.3 million billion VND by end-September.
- Securities firm fined for failing to record customers' phone order calls
On October 23, the State Securities Inspectorate fined OCBS Securities Joint Stock Company a total of VND342.5 million for two violations. The company was fined VND92.5 million for failing to retain full records, as it did not keep phone recordings of customers' order calls for 21 transactions made through some accounts in 2025. The other violation, which drew a VND250 million fine, involved advising on a private bond offering in August 2025 without fully meeting regulatory content requirements. In Q3 2026, OCBS's operating revenue reached VND259 billion, up 91% year-on-year, and pre-tax profit reached VND105 billion, up 13%. For the first nine months, pre-tax profit was VND201 billion, up 99%, and after-tax profit reached VND157 billion, up 69% from the same period in 2025.
- HD Capital becomes major shareholder of SmartInvest Securities
HD Capital reported buying 2 million AAS shares in the 21/10/2026 session, raising its holding in SmartInvest Securities from 10 million shares (4.35%) to 12 million (5.22%). On 23/10/2026, the State Securities Commission's inspectorate fined SmartInvest Securities 150 million VND for submitting inaccurate reports on its use of funds and assets to secure obligations to third parties, and ordered it to report accurate information. The company closed its shareholder list on 22/10/2026 for a written poll on registering to provide securities clearing and settlement services, with the deadline for returning ballots expected on 23/11/2026. Its standalone after-tax profit for Q3 2026 was under 19 billion VND, down sharply from 112 billion VND in Q2 2025, mainly due to weaker proprietary trading, while operating revenue fell 65% to just over 80 billion VND. At 30/9/2026, total assets were nearly 4,844 billion VND, up 13.5% from the start of the year, while short-term borrowings rose by over 500 billion VND to 1,937 billion VND.
- Why Hilltop Holdings Stock Slumped Today
Hilltop Holdings reported quarterly total revenue just under $310 million, down 6% year over year, and GAAP net income down 46% to $24.9 million, or $0.44 per share, both well short of analyst consensus of just under $320 million and $0.64 EPS. The company called the quarter “volatile” and cited the Federal Reserve’s recent rate hike and the broader rate environment. It declared a quarterly dividend of $0.22 per share, matching the prior one, and spent $20 million on buybacks, with about $86 million left under its authorization through year-end. The shares closed down nearly 3% on Thursday, and the article flagged clear weakness at the HilltopSecurities broker-dealer and PrimeLending mortgage units.
Related markets
Latest news
- Over 11 million bitcoin has no known owner. Here's what it means
Galaxy Research's October snapshot classified about 11.1 million BTC, roughly 55% of the roughly 20.1 million mined, as held in addresses it cannot link to any known entity. Galaxy's head of research, Alex Thorn, said this suggests self-custody remains widespread, while Xapo Bank argued it shows retail investors have been in bitcoin for over a decade. The article cautions that this unattributed pool may include lost coins, unidentified institutional holdings and coins spread across complex custody setups. The other 45% has names attached, including exchanges, BlackRock-led ETFs, the U.S. government and the largest named holder, 'Satoshi Nakamoto (Patoshi Pattern),' at 1,123,658 BTC.
- 3 AI Infrastructure Stocks Linked To Data Center Power Demand
The article outlines a backdrop of elections in Brazil and Serbia, oil worries tied to the Middle East, and a big week of cloud and AI earnings from Alphabet, Microsoft and Amazon. It profiles three AI infrastructure stocks linked to data center power demand. Monolithic Power Systems, which designs power-management chips, has about US$3.3b in revenue and a US$56.0b market cap, and management expects Enterprise Data growth of at least 130% year over year, with data center exposure approaching 50% of revenue. Analog Devices, with about US$13.9b in revenue and a US$189.5b market cap, reports data center revenue at about 2b on an annualized basis and says its 2030 data center and energy market estimate has more than doubled versus last year. KLA, with a US$190.0b market cap, has a backlog of about US$12.5b and lead times extending into 2027 and 2028.
- Grupo Financiero Galicia (GGAL) Stock Sees Fair Value Cut As Analysts Turn More Cautious
Analysts cut their US dollar price target for Grupo Financiero Galicia from US$60 to US$45, and the updated fair value moved to ARS 10,537.61 from ARS 11,180.27. UBS kept a Neutral rating after trimming its target, while Itau BBA moved the stock to Market Perform from Outperform with a US$60 target, citing lower momentum. The fair value model update also revised revenue growth to 48.63% from 48.79%, net profit margin to 16.88% from 17.02%, future P/E to 9.5x from 10.0x, and the discount rate to 22.47% from 22.50%.
- NVDA Stock Ticks Higher Overnight: a16z Data Shows GPU Rental Prices Rising Sharply, Even For Older Chips
According to a16z, citing Ornn Data, Nvidia GPU rental prices have surged this year: H200 rates are up 160% and B200 up 120% since January, while RTX PRO 6000 rose about 65% and H100 35%. Even the six-year-old A100 costs more to rent than at the start of the year. a16z said rental prices across every GPU model it tracked were 9% to 143% higher than a straight-line six-year depreciation model would imply, suggesting chips are holding value better than expected. Token consumption on OpenRouter has climbed sharply since spring, though a16z cautioned this is only a partial view of AI demand. Meanwhile, AI-linked stocks sold off over the past two weeks, and NVDA is down 7.6% this month, closing at $210.96 on Friday.
- Billionaire Ken Griffin Is Buying This Dividend King That Wall Street Still Rates a Buy
Citadel Advisors, the hedge fund led by billionaire Ken Griffin, has been increasing its stake in AbbVie (ABBV) in recent months. In the second quarter, Citadel bought 2.7 million shares at an average price of $234.57, for about $633 million, bringing its holding to 3.2 million shares worth $909 million at the current price of about $284. The stock has risen about 24% this year and trades at 74 times trailing earnings, which some investors may view as expensive. The article's author nonetheless sees merit in AbbVie as a Dividend King that has raised its annual dividend for 50 consecutive years, currently $6.92 per share, a 2.43% dividend yield. The company has a strong brand lineup including Skyrizi, Rinvoq, Humira and Botox, and about 90 drugs and treatments in development; the FDA approved its once-daily Parkinson's pill Juvmo in September, and William Blair analysts expect its sales could reach as much as $1.4 billion annually by 2040. Of the 30 analysts tracked by Yahoo Finance, 24 rate the stock 'strong buy' or 'buy'.
- Nguyễn Xuân Ái Quốc Appointed Deputy General Director of SACOMBANK
SACOMBANK has appointed Nguyễn Xuân Ái Quốc as Deputy General Director, following a series of frequent personnel changes since the start of the year. Mr. Quốc has more than 20 years of experience in banking and finance at institutions including ANZ, HSBC, VIB, Commonwealth Bank of Australia and Westpac, and in recent years handled large corporate clients and complex large-scale financing deals. He is expected to drive customer-centric business, strengthen financial solution advisory, and improve coordination among business, product and risk management units. With this appointment, the bank's number of Deputy General Directors rises to nine. The article also recaps other changes: Nguyễn Đức Thụy became General Director from March 3, 2026 before moving to Standing Vice Chairman, with Loic Faussier taking over executive duties; Nguyễn Xuân Vũ was elected Vice Chairman from September 18, 2026; and several other deputy directors have resigned or left the bank.
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.