PNJ reported strong Q1/2026 results with revenue of VND 17,245 billion, up 79% YoY, and net profit of VND 1,467 billion, up 116.5% YoY, averaging about VND 16.3 billion in daily profit.
PNJ reported Q1 2026 net profit of VND 1,467 billion, a 116.5% year-on-year surge, alongside revenue growth of 79% to VND 17,245 billion. The earnings beat was primarily driven by a sharp rally in domestic gold prices, which peaked near VND 190 million per tael during the quarter, and strong sales of 24K gold and jewelry collections.
Foreign investors were net sellers of approximately 421 billion VND (~$16.84 million) on the session, with proprietary trading by securities companies also showing significant net selling in specific stocks like FUEVFVND and HPG.
Foreign investors were net sellers of 639 billion VND (~$25.56 million) on the Vietnamese stock market, with net buying in Retail and IT sectors and net selling in Banking. Proprietary trading desks were net buyers of over 1 trillion VND.
Foreign investors returned to net selling 629 billion VND across the market, with the strongest net sell pressure on VIC at approximately 879 billion VND, while net buying was strongest for SSI and MWG.
Multiple companies announce dividend payment schedules for the week of April 13-17, with three companies paying cash dividends above 30%, including PMS (39%), SAF (30%), and WSB (30%). PNJ will issue bonus shares at a 2:1 ratio.
The VN-Index ended slightly lower, breaking a 5-session winning streak, with MWG hitting the ceiling and retail stocks performing well, while VinGroup stocks pressured the index.
VN-Index rose 1.07% to 1,819.83 points on 16/04/2026, driven by large-cap stocks, particularly Vingroup family stocks, while foreign investors net sold 1.1 trillion VND on HOSE. Real estate and consumer discretionary sectors were bright spots, but market breadth was negative with more declining stocks than gainers.
Foreign investors were net sellers of approximately 1,161 billion VND (~$46.44 million) on the market, with heavy net buying of VIC and SSI but strong net selling of FPT and VHM.
Vinhomes (VHM) was the primary target of foreign selling on April 15, with a net outflow of VND 3,400 billion, accounting for the vast majority of the total VND 3,651 billion net foreign sell-off on HOSE. This occurred despite a 25-point rally in the VN-Index to 1,800, driven by other Vingroup affiliates, highlighting a sharp divergence in foreign sentiment within the blue-chip basket.
Giầy Thượng Đình (GTD) plans to relocate its factory and develop a VND 9,907B mixed-use complex on its 3.6-ha Hà Nội site, funded by 20% equity (VND 1,981B) and 80% debt (VND 7,925B). This pivot from footwear manufacturing to large-scale real estate development represents a major strategic shift for the company.
TNG Chairman Nguyen Van Thoi has resigned to facilitate younger leadership succession, with plans to become Permanent Vice Chairman after the annual meeting. He remains the company's largest shareholder with a 19.2% stake, holding over 24.7 million shares.
Domestic gold prices decreased today but maintained a significant premium of over 21 million VND per tael compared to international prices, which also saw a slight decline. US inflation data was in line with expectations, with little market reaction regarding Fed rate cut prospects.
The Hà Nội Stock Exchange (HNX) announced that 53 stocks will be ineligible for margin trading in Q2/2026, effective April 10, 2026, due to various reasons such as warning status, negative profits, and potential delisting. This regulatory update will likely reduce liquidity and investor interest in these specific securities.
Vietnamese gold prices experienced a sharp drop in the morning of April 9th, followed by a slight recovery in buying prices for SJC, PNJ, and DOJI in the afternoon, though still significantly lower than the previous day's close. This movement was influenced by a decline in world gold prices due to the Fed's hawkish stance and easing geopolitical tensions.