CTS

CTS posted Q2 2026 pre-tax profit of 19 billion VND, a 91% drop from 217 billion VND a year earlier, driven by a 37 billion VND gross loss in proprietary trading and an 80% rise in interest costs. The weak result leaves CTS only 22% of its full-year profit target, raising concerns about earnings recovery.

VPB reported Q2 2026 pre-tax profit of VND 10,959B, up 76% YoY, bringing H1 total to VND 18,880B (+68%). TPBank (TPB) also posted solid growth with Q2 profit of VND 2,562B (+26%). Among other names, PPC saw a 1,019% profit surge from a low base, while securities firms like BVS, VIX, and CTS reported sharp declines. The mixed results highlight divergent sector performance.

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.