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.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Cập nhật số liệu CTCK ngày 21/10: Chứng khoán SSI, VNDirect, SHS đồng loạt hé lộ số lợi nhuận quý 3, nhiều khoản thua lỗ lộ diện
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
SSI
• NeutralSSI Securities
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 59,876 bn VND |
| P/E | 12.5 |
| P/B | 1.57 |
| Close on 10/20/2026 | 19.95 |
| Change that session | +0.76% |
VND
• NeutralVNDIRECT
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 20,703 bn VND |
| P/E | 7.7 |
| P/B | 0.97 |
| Close on 10/20/2026 | 13.60 |
| Change that session | +0.74% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- SSI Securities' Q3 2026 profit revealed
SSI estimates Q3 2026 revenue at VND 3,219 billion and pre-tax profit at VND 1,388 billion, with pre-tax profit down 24% year on year. For the first nine months of 2026, consolidated revenue is estimated at VND 9,871 billion and pre-tax profit at VND 4,510 billion, up 5% and 11% respectively, completing 77% of the full-year profit plan. As of September 30, 2026, the parent company's total assets reached VND 92,441 billion and equity VND 38,057 billion. In Q3, SSI held an 11.09% share of brokerage on HOSE, margin lending revenue rose 11% to VND 1,115 billion with a margin loan balance of VND 38,294 billion, and investment activities contributed about 46% of quarterly revenue.
- 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.
- Stifel Reports Third Quarter 2026 Results
Stifel Financial reported third-quarter 2026 net revenues of $1.43 billion, flat from a year earlier, with net income available to common shareholders of $224.8 million, or $1.40 per diluted share, up from $202.1 million, or $1.22, a year ago. Non-GAAP net income was $234.1 million, or $1.46 per share, which the company described as its best third quarter in history. Asset management revenues rose 14% and net interest income rose 9%, while client assets reached $576.5 billion, up 6%. Global Wealth Management posted record net revenues of $980.3 million, while the Institutional Group's revenues fell to $430.3 million from $500.4 million, with investment banking revenues down 6%. The company also repurchased $124.0 million of common stock during the quarter.
Related markets
Latest news
- Why Super Micro Computer Stock Popped Today
Super Micro Computer (SMCI) shares rose 9.19% on Wednesday after the server maker announced preliminary results. It expects fiscal 2027 first-quarter revenue of $18.5 billion to $19.5 billion, well above its prior guidance of $14.5 billion to $15.5 billion and Wall Street's roughly $15 billion estimate, driven by rising AI demand. Gross margin is projected at 12% to 12.5%, up from 10.4% to 10.8%, due to a more favorable customer and product mix, and fellow server makers Dell and Hewlett Packard Enterprise also rose. The earnings call is scheduled for Nov. 3 at 5:00 p.m. ET.
- BlackRock's Rick Rieder sees 'historic' opportunity in high-quality bonds
BlackRock's Rick Rieder told CNBC that investors have a 'historic' chance to earn attractive yields in high-quality credit despite bond market volatility. He said a diversified portfolio could now yield over 7% with under three years of duration and an average credit quality of A-, a level that usually appears only during economic or default problems, which he does not see now. Rieder favors investment-grade corporates, including hyperscalers like Alphabet, Amazon, Meta and Oracle, which have low leverage and strong cash flows, though they have issued about $228.4 billion in bonds this year. He advises patience since rates could still rise, and caution outside investment grade, especially AI data center debt not backed by hyperscalers. He expects the Fed to hike in December, though he disagrees, and flags rising government debt, with the US fiscal 2026 deficit at $2 trillion.
- Almadex Expands Claim Block at New Hope, Provides Exploration Update
Almadex Minerals expanded its claim block at the New Hope copper-gold porphyry project in Arizona, covering a broad area of high chargeability east of its two-hole drilling campaign. Mapping and geophysics suggest the drilled holes sit on the western edge of a 2.5 km x 0.75 km zone of phyllic and remnant lithocap alteration, and IP work extended the anomaly 1.95 km east. The second hole returned 6.00 metres at 0.15% copper and 156 ppm molybdenum, including 2.00 metres at 0.34% copper. The company is designing a potential phase II drilling program. At the King target in Colorado, one hole reached 980 metres, and samples are awaiting assay.
- Mustang Completes IP Geophysical Surveys and Announces Q4 Drilling Plans for the Confusion Hills Project, Nevada, USA
Mustang Minerals has completed IP geophysical surveys at its Confusion Hills and Pilot projects in Nevada, helping better define drill targets. Pilot still needs further work before drilling, while the company has enough information to plan a single-hole exploratory diamond drilling program at Confusion Hills, where preparatory work has begun. Confusion Hills covers a 1.6 km x 0.5 km high sulphidation lithocap, where grab samples reached up to 7.1 g/t gold, and 6 samples returned over 0.1 g/t gold, averaging 1.6 g/t. Mustang will update when drilling begins. The Pilot copper-gold prospect has an approved drill permit, and the company also holds the Red Ring project.
- Warren Buffett's Latest Warning Is Sending Shockwaves Through Wall Street. Here's What History Says Could Happen Next.
Warren Buffett's Berkshire Hathaway portfolio has returned an average compound annual 19.7% over six decades, versus 10.5% for the S&P 500, and he has recently warned about a 'gambling mood' in the stock market and high equity prices. The S&P 500's CAPE ratio stands at 40.7, far above its average of 17.4 and exceeded only during the dot-com bubble, when it peaked at 44 in late 1999. In his final meeting as Berkshire CEO in May 2025, Buffett warned that the US fiscal deficit was unsustainable; the article argues the situation has since worsened, with Brent crude up 80% since the start of the year and September inflation at 3.7%, well above the Fed's 2% target. Higher inflation erodes the value of cash and keeps interest rates high, which could be particularly harmful for the AI industry. The article recalls Buffett's 2021 advice to 'never bet against America' and suggests that time in the market usually beats trying to time it.
- AST SpaceMobile Hit a 52-Week Low Days After SpaceX Spent $8 Billion on Spectrum. That's Not a Coincidence.
AST SpaceMobile hit a 52-week low of $39.02 on Oct. 20, 12 days after SpaceX agreed to buy Grain Management's nationwide 800 MHz low-band spectrum for $8 billion. The article says the deal could let Starlink, combined with over 10,000 active satellites, become a standalone wireless carrier, threatening AT&T and Verizon's plans with AST. However, the author argues the sell-off is an overreaction, since carriers may need to invest more in AST's satellites to compete, and SpaceX's move may push more carriers toward AST. AST has launched 13 BlueBird satellites and needs at least 45 for stable service, and the decline is attributed mainly to a valuation of 74 times this year's sales. Analysts expect revenue to rise from $168 million in 2026 to $1.73 billion in 2028.
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.