HDS

HD Securities (HDS) faces a one-week suspension from private bond trading and settlement starting May 28, 2026, after 24 failed transactions in April 2026. The suspension comes shortly after HDBank (HDB) raised its ownership in HDS to 90%, consolidating it as a subsidiary. The regulatory action may impact HDS's near-term bond revenue but does not affect its equity trading operations.

HDBank (HDB) has increased its stake in HD Securities (HDS) from 75.74% to 90%, making HDS a consolidated subsidiary effective Q2/2026. HDS concurrently completed a 2:1 stock dividend and a VND 8,768.5B rights offering, boosting charter capital to VND 10,961B ahead of a planned IPO of 164.4 million shares in H2 2026.

ACB sees the Au Lac group increase its combined stake to 6% after a VND 192B purchase by Nguyen Thien Huong Jenny. Separately, HDBank spent over VND 8,500B to raise its ownership in HD Securities (HDS) to 90%, gaining controlling power and positioning HDS for an IPO.

ORS (Chứng khoán Tiên Phong) reports Q1 2026 pretax profit of VND 42 billion, a 1,961% surge from VND 2 billion a year ago, driven by revenue of VND 270 billion and a 71% cost reduction. Nine other small-cap securities firms also posted triple-digit profit growth, though most started from a low base, limiting absolute scale.

HDS appoints former VPBankS Chairman Vu Huu Dien as its new Chairman effective April 23, 2026, as the company prepares for an IPO of 164.4 million shares. HDS targets 2026 pre-tax profit of VND 3,375 billion, more than double 2025 results, and plans to establish a securities subsidiary at the International Financial Center.

HD Securities (HDS) approved an IPO of 164 million shares at its 2026 AGM, aiming to raise charter capital to over VND 12,600 billion (~USD 504 million). The company also appointed Mr. Vu Huu Dien, former Chairman of VPBankS, as Chairman of the Board. The capital raise is intended to strengthen financial capacity and support expansion in brokerage, investment banking, and wealthtech.

HDS nominates Mr. Vu Huu Dien, former Chairman of VPBank Securities, to its Board of Directors for the 2025-2030 term, proposed by major shareholder HDBank. The move comes as HDS targets 2026 revenue of VND 4,747B (up 2.2x) and pre-tax profit of VND 3,375B (up 2.6x), alongside an IPO of 164.4 million shares.

HD Securities (HDS) finalized a VND 8,768.5B rights offering at 10,000 VND/share and a 2:1 dividend stock issuance, both effective from late April 2026. The capital raise, alongside a proposed 2026 IPO, aims to boost charter capital to nearly VND 11,180B, supporting ambitious 2026 revenue and profit targets that more than double 2025 results.

HDS will issue over 73 million bonus shares as a stock dividend at a 2:1 ratio, with the record date on April 27, 2026. The dividend is funded from 2024 retained earnings of over VND 1,004 billion. This is part of a broader capital increase plan that includes a rights offering and an IPO, potentially raising HDS's charter capital to nearly VND 11,180 billion.

HD Securities (HDS) reported Q1 2026 pre-tax profit of VND 352 billion, a 259% year-over-year surge, outpacing peers like VPBank Securities (+47%) and PSI (+220%). The result highlights HDS's strong operational leverage amid a recovering Vietnamese securities market, though sector performance remains mixed with APEC Securities reporting a loss.

HDS posted Q1 2026 pre-tax profit of VND 352 billion, a 260% year-on-year increase driven by a VND 358 billion gain from financial assets at fair value. DSE's profit fell 79% to VND 14 billion due to a 120% surge in operating costs, highlighting divergent performance within Vietnam's securities sector.