EVS

VIX Securities (VIX) reported Q1 2026 net profit of VND 138B, a 63% year-on-year decline, marking its lowest quarterly profit in five quarters. The primary driver was a VND 82B loss in proprietary trading, reversing a VND 330B profit from the same period last year, amid a challenging market where the VN-Index breached the 1,600-point level. Concurrently, EVS Securities (EVS) posted a net loss of VND 157B, becoming the sector's heaviest loss-maker for the quarter.

EVS Securities (EVS) reported a Q1 pre-tax loss of nearly VND 197 billion, the deepest loss in the Vietnamese securities sector, driven by a 91% drop in operating revenue to just VND 8 billion while costs surged over threefold. The company targets a full-year 2026 pre-tax profit of only VND 7.4 billion, implying a sharp recovery is needed.

SSI posted Q1 2026 pre-tax profit of VND 1,593 billion, a 52% year-on-year increase, securing the top spot among Vietnamese securities firms. The broader sector saw total pre-tax profit rise ~21% YoY to over VND 9,642 billion, with VPS and TCBS also joining the trillion-VND profit club, while EVS reported a significant loss of nearly VND 200 billion.

EVS Securities posted a VND 197B pre-tax loss in Q1 2026, a sharp reversal from a VND 18B profit in Q1 2025, driven by a 91% revenue drop and a tripling of operating costs. This marks the first major loss reported in Vietnam's securities sector for the quarter, highlighting severe operational stress amid sector-wide volatility.

NBB, TCW, and EVS received administrative fines totaling VND 643 million from the State Securities Commission for violations including inadequate disclosure, bond capital usage reporting, and related-party transactions. NBB's fine of VND 262.5 million relates to undisclosed transactions with related parties, highlighting governance risks.

EVS Securities (EVS) was fined VND 290 million by the State Securities Commission for three violations, including employing an unlicensed brokerage department head and providing inconsistent trading data. The fine, while small, highlights regulatory compliance risks for the brokerage.

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.