中文

DSE

₫19,800
+0.00% 2026-10-30 · Close
AI Composite Signal
5.8 / 10
Neutral — 5-signal composite
Mkt Cap
9.9T
₫9.9T
P/E
42.8
P/B
1.8
ROE
4.3%
ROA
1.5%
EPS
539
Price Chart
What matters now

DSE (DSE) is a company in Vietnam's Financial Services sector, listed on HOSE. The stock last traded at 19,800 VND, little changed on the session, giving a market capitalization of 9.9 trillion VND.

On valuation, DSE trades at a price-to-earnings ratio of 42.8 and a price-to-book of 1.8. That is a premium to the Financial Services sector average P/E of 32.2. Return on equity of 4.3% points to weak profitability relative to the company's equity base, below the sector average of 6.4%. Trailing earnings per share stand at 539 VND.

Aveluro tracks 16 news items mentioning DSE, where recent coverage skews positive (75% of articles). The most recent catalyst was a stake change event — "PYN Elite Fund Trims DSE Stake to 7.95% After Selling 1.04 Million Shares". Aveluro's composite model rates DSE 5.8/10 (Neutral), blending news sentiment, price momentum, and fundamentals.

Comparable names in the Financial Services sector include AAS, ABW and AGR.

Latest catalyst

PYN Elite Fund Trims DSE Stake to 7.95% After Selling 1.04 Million Shares

Recent Developments

Recent developments around DSE include 5 notable classified events. On Oct 27, 2026, a market event was reported: PYN Elite Fund sold 1,038,000 DSE shares on October 20, 2026, lowering its stake in DNSE Securities from 8.2% to 7.95% and leaving roughly 34.06 million shares worth about VND 678B at the October 27 close of VND 19,900. On Oct 20, 2026, a market event was reported: DNSE (DSE) booked 9M2026 operating revenue of VND 1,302.9B, up 27.3% year on year, but pre-tax profit reached only VND 171.3B as total costs rose 62% on provisioning and funding charges. On Aug 22, 2026, a market event was reported: FTSE Russell added 17 Vietnamese securities stocks to its Global Equity Index Series, with 7 in Small Cap and 10 in Micro Cap. On May 14, 2026, a market event was reported: Vietnamese securities companies face rising risks from higher interest rates, including unrealized losses on corporate bonds, heavy reliance on short-term bank loans (88% of debt), and margin-to-equity ratios nearing the 200% regulatory cap at firms like HCM (195.4%) and MBS (177.6%). On May 09, 2026, a market event was reported: HCM and other Vietnamese securities firms plan to raise an additional 100 trillion VND in 2026, driven by regulatory changes, foreign ownership limits, and margin lending expansion.

The overall tone of recent coverage is positive, with 2 of 5 events carrying bullish sentiment.

AI Signal Breakdown
Bearish Neutral Bullish
5.8 / 10
Neutral
Sentiment
+0.00
Impact
0.50
Momentum
-0.08
Fundamentals
-0.60
Volume
0.36
Sentiment 30% · Impact 20% · Momentum 20% · Fundamentals 15% · Volume 15%
News Sentiment
16
Articles Analyzed
Positive 12
Mixed 2
Negative 1
Neutral 1
Recent News
Oct 27, 2026 Full Analysis Neutral stake change
PYN Elite Fund sold 1,038,000 DSE shares on October 20, 2026, lowering its stake in DNSE Securities from 8.2% to 7.95% and leaving roughly 34.06 million shares worth about VND 678B at the October 27 close of VND 19,900. The Finland-based fund still holds DNSE as a 3.4% portfolio position within a VND 23,400B book that is down 12.67% year-to-date.
Oct 20, 2026 Full Analysis Mixed earnings beat smallcap
DNSE (DSE) booked 9M2026 operating revenue of VND 1,302.9B, up 27.3% year on year, but pre-tax profit reached only VND 171.3B as total costs rose 62% on provisioning and funding charges. Derivatives brokerage share hit a record 26.62% and client accounts reached 2 million in September 2026.
Aug 22, 2026 Full Analysis Positive foreign flow
FTSE Russell added 17 Vietnamese securities stocks to its Global Equity Index Series, with 7 in Small Cap and 10 in Micro Cap. Estimated foreign inflows of $161.3 million are expected to flow into the seven Small Cap names over four tranches through September 2027, with SSI and VIX projected to attract the largest amounts.
May 14, 2026 Full Analysis Negative sector sentiment
Vietnamese securities companies face rising risks from higher interest rates, including unrealized losses on corporate bonds, heavy reliance on short-term bank loans (88% of debt), and margin-to-equity ratios nearing the 200% regulatory cap at firms like HCM (195.4%) and MBS (177.6%). The sector's total assets surged 48% to VND 904 trillion in 2025, driven by margin lending and equity raises.
May 09, 2026 Full Analysis Positive sector sentiment
HCM and other Vietnamese securities firms plan to raise an additional 100 trillion VND in 2026, driven by regulatory changes, foreign ownership limits, and margin lending expansion. Most firms forecast double-digit profit growth, with HCM targeting 56%, VPX 44%, and VCI 41%.
Apr 19, 2026 Full Analysis Positive earnings beat
HDS posted Q1 2026 pre-tax profit of VND 352 billion, a 260% year-on-year increase driven by a VND 358 billion gain from financial assets at fair value. DSE's profit fell 79% to VND 14 billion due to a 120% surge in operating costs, highlighting divergent performance within Vietnam's securities sector.
Apr 18, 2026 Full Analysis Positive stake change
Capella Group becomes a major shareholder in DNSE Securities (DSE) with a 9.8% stake after acquiring 42.075 million shares through a rights issue that raised VND 1,275 billion. The move signals strategic alignment between Capella and DNSE, with Capella's technology director joining the board.
Apr 17, 2026 Full Analysis Positive capital raise
VPS Securities (VCK) completed a VND 9,131B capital increase via a bonus share issuance, raising its charter capital to VND 24,349B. This is part of a broader VND 24,300B capital raise by four securities firms, including DSE, VCI, and OCBS, aimed at strengthening balance sheets in anticipation of Vietnam's potential reclassification by FTSE from Frontier to Secondary Emerging market.
Related Stocks — Financial Services
Stock Analysis

By Aveluro Research Team · Editorial policy · Caveat: Not investment advice. · How Aveluro computed this

Information provided for educational purposes only. Past performance does not guarantee future results. Data sourced from public Vietnamese market feeds.

Last updated: 2026-10-31T06:37:59Z.