CTS

CTS will distribute a 28% stock dividend in June 2025, issuing 59.55 million shares and lifting outstanding shares to 272.24 million. The move comes as Q1 net profit fell 38% to VND 82 billion, with the company having completed only 18% of its 2026 profit target.

CTS (VietinBank Securities) will issue 59.55 million stock dividend shares at a 100:28 ratio, lifting outstanding shares to 272.24 million. The move comes as Q1/2026 pre-tax profit dropped 38% YoY to VND 82 billion, achieving only 18% of the full-year target of VND 454 billion.

VIX and HCM hit ceiling as a broad securities rally drove VN-Index up 0.87% on rumors that five companies received approval to open a tokenized asset exchange. The sector saw massive volume, with VIX and SSI among the top five most traded stocks on HoSE. The move reflects speculative sentiment rather than fundamental catalysts, but the breadth and liquidity confirm strong short-term buying pressure.

VNDirect (VND) reported Q1 2026 pre-tax profit of VND 681B, a 42% year-on-year increase, as part of a broader securities sector earnings release where 77 firms disclosed results. The performance contrasts with declines at firms like OCB (-95%) and losses at others, highlighting divergent operational outcomes in a recovering market.

ORS posted a Q1 2026 pre-tax profit of VND 42B, representing a 1,957% year-on-year surge, the most dramatic growth among reporting securities firms. HSC reported a 28% profit increase to VND 363B, while CTS saw a 38% decline to VND 82B. The divergent results highlight the uneven recovery in Vietnam's brokerage sector amid varying market conditions.

MBS, HCM, and PSI are among several Vietnamese securities firms nearly exhausting their margin lending capacity as demand surges. Rising funding costs are outpacing lending rates, compressing net interest margins and pressuring profitability. The capital race favors firms with strong bank or institutional backers, such as SSI and BSI.

40 Vietnamese securities companies posted aggregate net profit of nearly VND 7,600 billion in Q1 2026, the lowest in four quarters, with 17 out of 40 firms reporting losses or declines. Proprietary trading losses and narrowing margin lending spreads drove the weakness, highlighting the sector's vulnerability to market volatility and competitive pressure.

The Vietnamese securities sector (40 firms) reported total profit of nearly 7,600 billion VND in Q1 2026, the lowest in four quarters, with 17 out of 40 companies posting losses or declines. Proprietary trading losses and margin lending margin compression were the main drags, with EVS alone losing 157.5 billion VND. The results highlight the risk of aggressive proprietary trading strategies amid geopolitical volatility.