VIX Securities reported third-quarter 2026 pre-tax profit of 192 billion VND, down 94% year on year, and after-tax profit of nearly 174 billion VND, down 93%. Operating revenue fell 36% to 2,048 billion VND, while operating expenses surged from 50 billion to 1,744 billion VND. The main cause was the FVTPL (fair value through profit or loss) portfolio, where losses reached 1,717 billion VND and the net gap between gains and losses turned negative at about 87 billion VND, versus a positive 2,762 billion VND a year earlier. Brokerage revenue fell 60% to 37 billion VND, while lending and receivables brought in 337 billion VND, down 1%. As of September 30, 2026, margin loan balances fell about 1,500 billion VND from the end of Q2, and total assets rose 16.7% to 39,860 billion VND.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Chứng khoán VIX báo lãi quý 3 giảm “sốc” 94%, dư nợ margin giảm 1.500 tỷ sau một quý
Keywords
VIXbrokeragesmargin lendingearnings
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Related tickers and likely impact
VIX
▼ Likely negativeVIX Securities
Relevance: high
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 30,488 bn VND |
| P/E | 7.7 |
| P/B | 0.93 |
| Close on 10/19/2026 | 12.05 |
| Change that session | +1.69% |
VCI
• NeutralVietcap
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Financial Services |
| Industry | Investment Services |
| Market cap | 21,835 bn VND |
| P/E | 15.0 |
| P/B | 1.27 |
| Close on 10/19/2026 | 19.05 |
| Change that session | +0.53% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Securities companies' update as of morning 20/10: Q3 financial reports pour in, and several major names unexpectedly report profit declines
As of the morning of 20/10, 31 securities companies had released their Q3/2026 financial statements with mixed results, and some saw profits drop 80-98% year on year. VIX reported Q3 pre-tax profit of about VND 192 billion, down 94%, as gains from selling FVTPL assets fell sharply, revaluation losses reached nearly VND 1,363 billion, and operating expenses rose to over VND 1,744 billion. BVSC's pre-tax profit was about VND 20 billion, down 80%, while ABS rose 552% to VND 376 billion, driven by FVTPL gains of nearly VND 412 billion. KIS edged up 2% to VND 248 billion on lower costs, while BMS and AIS swung to losses of over VND 63 billion and about VND 3 billion, respectively.
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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.
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