BMS

Bao Minh Securities (BMS) sold 1.8 million SMC shares on June 26, cutting its stake from 5.018% to 2.573% and exiting major shareholder status. The trade, executed 10 days after a purchase, yielded an estimated 11% profit (~VND 8 billion). The rapid flip highlights short-term trading activity by a securities firm in a struggling steel trader.

BMS plans to issue 11.2 million shares as a 5.5% stock dividend, increasing charter capital to 2,151 billion VND, with execution expected in 2026. A separate rights offering of 101.96 million shares at 10,000 VND each aims to raise 1,019.6 billion VND for proprietary trading and margin lending. Meanwhile, major shareholder Truong Thi My An reduced her stake to 4.98%, ceasing to be a major shareholder.

BMS saw major shareholder Truong Thi My An sell 6.2 million shares on May 20, cutting her stake from 8.02% to 4.98% and exiting her major shareholder status. The move follows her husband's full exit from BMS in late 2024, signaling continued ownership restructuring at the securities firm.

Bao Minh Securities (BMS) was fined a total of VND 780 million by the State Securities Commission for violations including failure to segregate client assets, inadequate disclosure, lending limit breaches, and inaccurate reporting. The penalty comes as BMS plans to list on HOSE and targets 2026 pre-tax profit of VND 208 billion.

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.

Bao Minh Securities (BMS) was fined a total of VND 780 million by the State Securities Commission for multiple violations including failure to segregate client assets, undisclosed transactions, lending limit breaches, and inaccurate capital adequacy reporting. The fine highlights ongoing regulatory scrutiny of securities firms' compliance with client asset segregation rules.