At the November 2 close, 14 of 28 listed bank stocks tracked traded below 15,000 dong, with PCB, VAB and PGB under their 10,000-dong par value. The low prices persist even as many banks report strong results, such as BVBank's nine-month pre-tax profit of over 825 billion dong, up 90%. The main cause is the long-running practice of paying dividends in shares and issuing large bonus shares, which raised the outstanding share count of 27 banks from about 40.7 billion to 108.9 billion over nearly six years, with reference prices adjusted down accordingly. If profit grows slower than the share count, earnings per share (EPS) can fall, and Techcombank's reference price was adjusted from 33,500 dong to about 21,500 dong after a 50% stock dividend. Another factor is the broader downtrend in the stock market.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Nhiều cổ phiếu ngân hàng rẻ ngang bó rau dù lãi nghìn tỷ mỗi quý
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VNINDEXbanksdividendsvaluation
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Related tickers and likely impact
VNINDEX
▲ Likely positiveRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 11/02/2026 | 1,710.72 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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