Xuan Thien Securities (XTSC) Appoints New Chairman Nguyen Nam Hung
This Aveluro analysis covers XTSC. The classified event type is leadership change, with neutral sentiment and a deterministic market-impact score of 5.0/10. Source coverage came from CafeF - Thị trường chứng khoán, classified as a primary/top-tier source.
Key Facts
Caveat: Not investment advice. · How Aveluro computed this: Aveluro combines extracted event facts, source credibility, ticker context, and market data. Scores are deterministic research signals, not recommendations.
Overview
Xuan Thien Securities (XTSC) has announced a change in its Chairman of the Board of Directors, appointing Mr. Nguyen Nam Hung to succeed Mr. Le Huy Dung effective June 11. The leadership shift comes as the company targets a significant turnaround in 2026 after missing its 2025 targets by a wide margin.
Key Facts
- XTSC appointed Mr. Nguyen Nam Hung as Chairman of the Board of Directors effective June 11, replacing Mr. Le Huy Dung.
- Mr. Dung remains a member of the Board of Directors.
- Mr. Nguyen Nam Hung, born 1981, holds a Bachelor of Laws and has served as XTSC’s Executive Director since December 2025.
- The new Board of Directors comprises six members: Chairman Nguyen Nam Hung, Le Huy Dung, Nguyen Duc Toan, Pham Van Tuat, Thai Kieu Huong, and Ho Ngoc Bach.
- XTSC’s 2026 AGM approved a business plan with total revenue of VND 130 billion and pretax profit of VND 80 billion.
- In 2025, the company achieved only about 12% of its revenue target (VND 179 billion) and 3% of its profit target (VND 70 billion).
- Q1 2026 revenue reached VND 15.8 billion, up 7x year-on-year, with pretax profit swinging from a loss of VND 1.6 billion to a profit of VND 7.6 billion.
- As of December 31, 2025, major shareholder Nguyen Van Thien held 24.65% of XTSC shares.
What Happened
Xuan Thien Securities (XTSC) announced a resolution to replace its Chairman of the Board of Directors. Mr. Le Huy Dung was removed from the chairman position effective June 11 but retains his seat as a board member. Mr. Nguyen Nam Hung, who was elected to the board at the annual general meeting in late April, has been appointed chairman for the 2024-2029 term.
The company also disclosed its 2026 business plan approved at the AGM, targeting total revenue of VND 130 billion and pretax profit of VND 80 billion. This represents a sharp increase from 2025 actual results, when the company achieved only VND 21.5 billion in revenue and VND 2.1 billion in pretax profit, missing its ambitious targets by a wide margin.
Market Context
XTSC is listed on the UPCOM exchange. The securities sector in Vietnam has faced headwinds from lower trading volumes and regulatory changes. XTSC’s weak 2025 performance reflects these challenges, but the company’s Q1 2026 results show a strong recovery, with revenue surging 7x year-on-year and turning profitable. The leadership change may signal a strategic shift under the new chairman, who previously served as executive director.
Strategic Significance
The appointment of Mr. Nguyen Nam Hung as chairman aligns with XTSC’s efforts to rebuild after a disappointing 2025. The company’s 2026 targets imply a significant operational turnaround, supported by a strengthened capital base and improved capital utilization. The new chairman’s legal background and prior executive role at XTSC suggest continuity in management direction. The presence of major shareholder Nguyen Van Thien (24.65%) and other large shareholders on the board indicates stable ownership.
What to Watch
- XTSC’s Q2 2026 earnings release to assess whether the Q1 momentum continues.
- Progress toward the 2026 full-year targets of VND 130 billion revenue and VND 80 billion pretax profit.
- Any further changes in the board or management team.
- Updates on capital utilization and business expansion strategies under the new chairman.
- Trading volume and liquidity of XTSC shares on UPCOM.