SBS

SBS Securities (SBS) failed to sell 50 million private placement shares at VND 10,000/share, raising no capital from the VND 500 billion offering. The failure, attributed to market volatility and investor financial constraints, leaves the company without planned funds for margin lending and proprietary trading. SBS also faces a shareholder meeting quorum issue, with a second AGM scheduled for May 18, 2026.

40 Vietnamese securities companies posted aggregate net profit of nearly VND 7,600 billion in Q1 2026, the lowest in four quarters, with 17 out of 40 firms reporting losses or declines. Proprietary trading losses and narrowing margin lending spreads drove the weakness, highlighting the sector's vulnerability to market volatility and competitive pressure.

The Vietnamese securities sector (40 firms) reported total profit of nearly 7,600 billion VND in Q1 2026, the lowest in four quarters, with 17 out of 40 companies posting losses or declines. Proprietary trading losses and margin lending margin compression were the main drags, with EVS alone losing 157.5 billion VND. The results highlight the risk of aggressive proprietary trading strategies amid geopolitical volatility.