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Linde's third-quarter revenue rose 9.2% to $9.4 billion and adjusted EPS rose 9% to $4.59, beating LSEG consensus of $4.54 and setting quarterly records for sales, operating profit and earnings. Volume rose 2% and price/mix added 3%, while Electronics sales climbed 15% on AI infrastructure demand. Fourth-quarter guidance was slightly light and the shares fell more than 1% on the day; the author says profit-taking after the stock's recovery from a mid-September low could be another reason. The company booked a $425 million restructuring charge, about half for severance and the rest largely tied to Lincare, whose results will now sit in Other rather than the Americas. The author calls it an overall solid quarter, with a full-year outlook in line with expectations.
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- Tightening Resale of Social Housing After 5 Years: What Happens to Buyers' Rights?
The draft amended Housing Law proposes allowing social housing (NƠXH) to be resold only after 5 years and only to eligible buyers, instead of being transferred under the current market mechanism. Many opinions say a clear transitional mechanism is needed to protect those who bought under the old rules. A resident of the Đại Kim social housing project in Hà Nội said current listings are around 60-65 million VND/m², 4-5 times the original price of over 14 million VND/m², and worried that narrowing buyer eligibility and capping prices would hurt existing owners' rights. Lawyer Hoàng Hà (Ho Chi Minh City Bar Association) said the policy must clarify who can buy resold units, set transparent and objective pricing rules, and adopt transitional provisions based on when the buyer's rights were established. He argued that buyers who signed valid contracts before the new law takes effect should keep resale rights under the old rules, even if they have not held the home for 5 years or do not yet wish to sell.
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VPBankS (ticker VPX, HoSE) has approved a public offering of 60 million bonds, code VPXPO2627001, with a maximum value of VND 6,000 billion. The bonds are non-convertible, carry no warrants and no collateral, and all proceeds will supplement margin lending. The bonds have a 12-month term and a fixed 9.5% annual coupon paid every six months, with the offering expected from Q4/2026 to Q1/2027. Individual investors can buy at least 10 bonds (VND 1 million), and institutional investors at least 50,000 bonds (VND 5 billion). Separately, the company is collecting written shareholder opinions until 16:00 on 02/11/2026 on a plan to issue 843.75 million bonus shares at a 100:45 ratio, which would raise charter capital from VND 18,750 billion to VND 27,187.5 billion if completed.
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The article notes that AI hardware spending is absorbing cash at large firms such as Amazon and Intel, while smaller companies face tougher funding as borrowing costs stay high, and profiles three low-priced stocks. Grab Holdings (market cap US$11.24 billion) runs a Southeast Asian superapp with deliveries revenue of about US$1.99 billion, mobility revenue of US$1.31 billion and financial services revenue of US$430 million; the article cites an expectation that its financial services unit will break even in the second half of 2026, though its expanding lending carries credit risk. Aurora Innovation (market cap US$10.28 billion) develops the Aurora Driver for autonomous trucks and ride-hail vehicles, and is operating driverless trucks in daily commercial freight with more than 500,000 commercial miles. SoundHound AI (market cap US$2.0 billion, revenue of about US$203 million) provides voice and conversational AI tools to enterprises. The article highlights risks around funding costs, execution and competition for each company.
- Thanh Duc Holding raises VND1,200 billion from bond market at 12.5% interest rate
Thành Đức Holding successfully issued 12,000 HTDL12601 bonds, each with a par value of 100 million VND, for a total of 1,200 billion VND on October 26, 2026. The 36-month bond issue is expected to mature on October 26, 2029, with an issue interest rate of 12.5% per year according to HNX. Information about bondholders, collateral, and the purpose of the issuance has not been disclosed. The company was established in November 2014 with charter capital of 6 billion VND; by October 2025, charter capital had reached 1,399 billion VND. Mr. Trần Trung Hiếu is currently the Director. Previously, the company mortgaged movable assets and asset rights of the Hyatt Regency Sapa Hotel Project to BIDV Thành Công (August 2024) and of the Cầu Rào urban area integrated school project (August 2025). The article also links Ms. Đoàn Thị Tơ, a founding shareholder who held 90% of the initial capital, with T&D Group Joint Stock Company, where she serves as Chairwoman of the Board of Directors.
- Sabeco to pay over VND3,800 billion in dividend advance as Q3 2026 profit declines
Sabeco plans to pay a 2026 interim cash dividend at a rate of 30% (3,000 VND per share), totaling nearly 3,848 billion VND from undistributed after-tax profit. The final registration date is December 29, 2026, and payment is scheduled for February 2, 2027. Vietnam Beverage Company Limited holds 53.59% of the capital and is expected to receive nearly 2,062 billion VND, while SCIC holds 36% and is set to receive over 1,385 billion VND. In Q3 2026, net revenue exceeded 6,684 billion VND (up 3.8%) and gross profit rose 6.7%, but net profit of nearly 1,272 billion VND fell 9.4%. For the first nine months, net revenue exceeded 20,029 billion VND (up 5.1%), after-tax profit reached nearly 3,761 billion VND (up 8.9%), equal to 69.2% of the annual revenue plan and 76.2% of the annual profit plan. Operating cash flow for the nine months was nearly 4,124 billion VND (up 23.1%). As of September 30, 2026, total assets decreased 8.2% to over 29,922 billion VND, and total liabilities fell 24.6% to over 7,238 billion VND.
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