Although all recorded declines in the third quarter of 2026, most securities firms remain on track with their full-year profit plans. SSI's nine-month standalone pre-tax profit rose 8% to 4,267 billion VND, while its estimated consolidated pre-tax profit of 4,510 billion VND represents 77% of its full-year target. TCBS's nine-month pre-tax profit reached 5,708 billion VND, up 13% and equal to 76% of its plan, while its margin lending and advances for securities sales rose 25% from the end of 2025. VPS posted nine-month pre-tax profit of 4,044 billion VND, up 27%, while VPBankS's third-quarter pre-tax profit fell 64% to nearly 843 billion VND as operating costs rose 2.8 times.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Các công ty chứng khoán top đầu đã hoàn thành bao nhiêu kế hoạch lợi nhuận sau 9 tháng?
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Related tickers and likely impact
SSI
▲ Likely positiveSSI Securities
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 61,227 bn VND |
| P/E | 12.8 |
| P/B | 1.61 |
| Close on 10/22/2026 | 20.15 |
| Change that session | -1.23% |
VCI
▲ Likely positiveVietcap
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 22,699 bn VND |
| P/E | 16.2 |
| P/B | 1.34 |
| Close on 10/22/2026 | 19.50 |
| Change that session | -1.02% |
VND
▲ Likely positiveVNDIRECT
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 21,160 bn VND |
| P/E | 7.8 |
| P/B | 0.97 |
| Close on 10/22/2026 | 13.75 |
| Change that session | -1.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Securities firms data update on 21/10: SSI, VNDirect, SHS reveal Q3 profits, with many losses emerging
As of the morning of 21/10, most securities firms had published their Q3/2026 results, with growth varying markedly. SSI's Q3 pre-tax profit was nearly 1,295 billion VND, down 27%, as financial expenses rose to over 901 billion VND, but its nine-month pre-tax profit still grew over 8% to nearly 4,268 billion VND. VNDIRECT's Q3 pre-tax profit of over 412 billion VND fell 65% and SHS's of nearly 251 billion VND fell 58%, while VNDIRECT's nine-month figure rose about 3% to nearly 2,199 billion VND and SHS's fell 55% to nearly 621 billion VND. Some smaller firms swung from losses to profits, including VUA (Q3 pre-tax profit of over 51 billion VND) and VikkiBankS (nearly 35.6 billion VND). By contrast, CVS, Funan and Apec still reported losses in Q3, with Apec losing 53 billion VND and 38 billion VND over nine months.
- SSI Securities' Q3 2026 profit revealed
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- Securities Firms' Q3 2026 Results as of October 17: First Hundred-Billion-Dong Loss Emerges in the Sector
As of October 17, 5 of the 10 securities firms that had reported Q3 2026 results posted profits and 5 posted losses, with earnings diverging sharply due to large swings in proprietary trading. Rồng Việt Securities JSC (VDS) reported a pre-tax loss of over VND 105 billion, versus a profit of nearly VND 310 billion a year earlier, as investment revenue fell nearly 90% and portfolio devaluation costs exceeded VND 124.5 billion. EVS also posted a pre-tax loss of over VND 52 billion in Q3. In contrast, NH Vietnam Securities (NHSV) reported revenue of nearly VND 131 billion, up 69%, driven by lending and held-to-maturity investment income. MBS is currently leading the group in profit scale.
- Margin lending by securities firms hits new record of VND 463 trillion
Margin lending by securities firms reached a record VND 463 trillion at the end of Q3 2026, up 2% from Q2, mostly margin loans. Trading value on HOSE and HNX fell to about VND 18.1 trillion per session from VND 23.3 trillion in Q2, yet industry lending revenue rose 6% quarter-on-quarter to VND 12.9 trillion. TCBS remained the largest with VND 54.7 trillion, VPBankS was second with VND 39.9 trillion, and VPS's balance fell 18% to VND 25.6 trillion. Interest expenses rose at VPBankS (VND 864 billion, up 9%), SSI (nearly VND 850 billion, up 5%) and LPS (VND 396 billion, up 14%), while TCBS cut its interest costs 2% to nearly VND 876 billion.
- Margin Debt Hits Record Near 440,000 Billion VND as Bank-Backed Brokerages Surge
Market-wide margin debt is estimated at about 440,000 billion VND at the end of the third quarter, up 5,000 billion in the quarter and a record high. Total brokerage lending, including margin and advances on sales, is about 455,000 billion VND, also a record and up 10,000 billion from the previous quarter. Twelve brokerages with bank backing hold more than half of that total, at about 240,000 billion VND, after rising nearly 14,000 billion in the quarter, faster than the sector overall. TCBS remains the largest with nearly 55,000 billion VND, while VPBankS has moved ahead of SSI into second place. The article notes that part of this lending comes from deals with institutions and company executives rather than from retail investors' leverage.
- SSI to buy back over 800,000 ESOP shares as treasury stock
SSI will buy back 801,500 ESOP shares from 64 former employees to hold as treasury stock, at VND 10,000 per share under its 2023, 2024 and 2025 ESOP regulations, using over VND 8 billion in working capital. The transfer through VSDC is expected between 29/10/2026 and 30/11/2026. Separately, SSI will establish a Digital Products Center from 21/10/2026, with its operating rules and organizational structure set by the General Director. Board member Nguyễn Hồng Nam reported buying 5 million SSI shares between 26/8/2026 and 11/9/2026, raising his holding to 17.43 million shares (0.58% of charter capital), including over 2.07 million bonus shares.
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