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Original headline: TCBS báo lãi quý 3 cao kỷ lục hơn 2,100 tỷ đồng
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Related tickers and likely impact
TCB
▲ Likely positiveTechcombank
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Banks |
| Market cap | 235,263 bn VND |
| P/E | 8.7 |
| P/B | 1.31 |
| Close on 10/16/2026 | 33.20 |
| Change that session | +0.91% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Securities firm update as of October 19: TCBS posts record profit, many firms report weaker Q3 earnings, some swing to losses
As of the afternoon of October 19, 20 securities companies had reported Q3 2026 results. TCBS (ticker TCX) posted pre-tax profit of VND 2,152 billion in Q3, its highest quarterly level on record, driven mainly by margin lending and advances on sales proceeds, which generated net income of VND 1,548 billion, up 55%. JBSV's pre-tax profit exceeded VND 46 billion, three times the same period last year, supported by lending and underwriting. In contrast, DSC's Q3 pre-tax profit fell 98% as proprietary trading weakened and costs rose; Pinetree's fell 28%; ASAM posted a pre-tax loss of over VND 1 billion, and VISC swung to a loss of over VND 812 million.
- Why are securities stocks lagging despite high expectations?
Securities stocks have remained weak despite expectations of gains from FTSE Russell's market upgrade and capital market development. According to VietstockFinance, as of 09/10/2026 the sector index was down 23.46% year-to-date, much deeper than the 2.77% decline of VN-Index, and had lost 39.92% over the past year. About 80% of the 43 sector stocks were more than 20% below their recent peaks, a threshold commonly used to define a bear market. Võ Kim Phụng of Chứng khoán Beta said the sector's earnings depend on liquidity, margin lending and interest rates, and that expected gains were priced in earlier; in Q3/2026, average daily trading value on HOSE and HNX fell 58% year-on-year.
- Securities Firms Update, October 19: More Report Q3 Profits "Up Several Times Over"
As of October 19, 13 securities firms had reported Q3 2026 results, with 7 posting profits and 6 losses. KAFI recorded Q3 operating revenue of nearly 981 billion VND, up 15%, but pre-tax profit fell nearly 13% to 171 billion VND as financial expenses rose 53% to nearly 351 billion VND, mainly interest expense of over 319 billion VND. For the first nine months, KAFI posted operating revenue of over 3,004 billion VND (up 63%) and after-tax profit of over 431 billion VND. Guotai Haitong (Vietnam) saw Q3 pre-tax profit jump 165% to over 14 billion VND on lending and investment income, while Đại Việt still posted a pre-tax loss of nearly 3.9 billion VND, narrower than the 4.1 billion VND loss a year earlier.
- Over 91% of Truong My Lan's securities company capital set to be valued
The Hanoi civil enforcement agency selected Vietnam Consulting and Appraisal JSC to value the shares of Truong My Lan at Tan Viet Securities (TVSI), according to a notice dated Oct. 15, 2026. A total of 241,584,580 shares, about 91.54% of charter capital, are held in the names of six individuals and four companies, and no valuation result has been announced yet. The investigation in the Van Thinh Phat case found Lan controlled 88.23% to 88.73% of TVSI in 2018-2020 through nominee holders, and TVSI advised on and issued 25 bond packages for four issuers. For the half-year 2026, TVSI reported after-tax profit of nearly 16 billion VND, down from over 20 billion VND a year earlier, with total assets of over 4,007 billion VND at June 30, 2026. The company has charter capital of 2,639 billion VND and is unlisted.
- Banks begin sharp cuts to deposit rates across many terms on the afternoon of October 19
The State Bank of Vietnam (SBV) asked credit institutions to cut deposit rates by at least 0.5% a year for terms of 6 months or longer, and lending rates by 1.5-2% a year for production, business and priority sectors, while avoiding competitive rate hikes. LPBank cut deposit rates across all terms from 1 to 36 months, with its online 12-month rate now at 6.7% a year and 48-60 month rates at 5.2%. VietBank lowered online rates by 0.5 percentage points for terms of 6 to 36 months, bringing its 6-8 month rate to 5.4% a year. The central bank warned that banks failing to cut rates may face a review of their remaining credit quotas this year, lower targets next year, or higher safety ratios.
- Governor: 'Interest rates on existing loans should also be considered for cuts'
Governor Phạm Đức Ấn has asked banks to prioritize rate cuts for production and business loans, applied selectively rather than across the board, and to consider applying them to existing loans. The average lending rate rose 0.2 percentage points to 10.7% in August, about 3 points higher than a year earlier, while legacy floating-rate loans for individuals reached 12-14%, and some car loans 16-17%. Banks were told to cut operating costs, share profits and reduce funding costs, including lowering deposit rates for terms of six months or more by at least 0.5%. Several banks, including BIDV, Vietcombank, Agribank and Sacombank, have announced preferential loan packages with rate reductions of up to 2 percentage points.
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On 19/10, the VN-Index fell 16.07 points (-0.94%) to 1,689.84, with selling pressure intensifying in the afternoon session. Securities firms' proprietary trading net bought 275 billion VND on HoSE, led by CTG at 230 billion VND, followed by KBC (134 billion), VPB (133 billion) and MSN (45 billion). On the other side, proprietary desks net sold the most of ACB at 221 billion VND and FRT at 144 billion VND.
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- One Year In, JPMorganChase's Security and Resiliency Initiative Is Helping to Strengthen Industries Critical to Long-Term Economic Growth
One year after launching its $1.5 trillion Security and Resiliency Initiative (SRI), JPMorganChase said it has deployed $5 billion in equity investments through its Strategic Investment Group, half of its initial $10 billion SRI allocation. The firm has financed and facilitated more than $230 billion in transactions across SRI's focus areas, including supply chains and advanced manufacturing, defense and aerospace, energy, frontier technologies, and pharma and healthtech. The Strategic Investment Group, led by Todd Combs, invests in venture, growth and later-stage companies, while a team of more than 35 SRI professionals has expanded the initiative to Europe and Canada. Nearly one-third of SRI-related activity in the past year occurred outside the United States, as many critical technologies and supply chains cross borders. Chairman and CEO Jamie Dimon said strong economies and national security require investment in infrastructure, manufacturing, energy, defense and innovation.
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