HCM

HSC (HCM) plans to issue up to 22 million ESOP shares at 10,000 VND/share, less than half the current market price, to 110 employees, raising 220 billion VND for margin lending. The shares are subject to a 3-year lock-up with gradual release. This follows a separate rights issue of 270 million shares at the same price, expected to raise 2,700 billion VND.

HCM sees insider selling as Le Anh Quan registers to sell 600,000 shares (stake from 0.12% to 0.06%) and independent board member Nguyen Thi Hoang Lan sells 100,000 shares. Concurrently, HSC launches a rights offering at VND 10,000/share to raise VND 2,700B for margin lending, and pays a 4% cash dividend. The dual insider sales may signal near-term caution despite the capital-raising event.

Q2 2026 pre-tax profit for 77 Vietnamese securities firms rose 51% YoY to VND 15.2T, with 6 companies each exceeding VND 1T. VPBank Securities (VPS) overtook SSI as the top earner at VND 2.16T, while many mid-sized firms swung to profit. The sector's strong performance reflects robust brokerage and margin lending activity.

BDG (Binh Duong Garment) will pay a 50% cash dividend for 2025, the highest among 33 companies closing books July 13-17, 2026. The payout underscores BDG's strong cash position on UPCOM, while other notable payers include HAH (20%), VCG (8% cash + 8% stock), and TLG (10% interim).

BIDV will pay a 4.5% cash dividend on July 20, distributing over VND 3,276 billion to shareholders. KSV offers a combined 90.5% dividend (40.5% cash + 50% stock), while BDG leads with a 50% cash payout. Investors should note ex-dividend dates and payment schedules.

NSI forecasts securities industry debt could rise at least 40-50% in 2026, boosting margin lending and liquidity for firms like SSI, TCX, VPX, HCM, and VCI. However, higher capital costs lead NSI to cut 2026 revenue and profit forecasts by 3.8% and 5.4% respectively, while new provisioning rules add cost pressure.

Foreign investors net sold VND 895.5B on May 26, 2026, with real estate stocks VIC and VHM leading the sell-off, while banking and technology stocks saw net buying. The VN-Index fell only slightly, but VIC and VHM alone contributed nearly 14 points of decline, highlighting their outsized influence.