SMC

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.

ACB saw the heaviest net selling by proprietary trading desks on HOSE on June 10, with VND -28 billion, while foreign investors net sold VND 536 billion market-wide. The selling pressure comes despite a VN-Index recovery above 1,800 points, signaling caution among domestic and foreign institutional players.

PDR plans to issue 199 million shares at VND 10,000 each to raise nearly VND 2,000 billion, its third capital raise in three years. Proceeds will fund M&A and a major Da Nang project. VVS, SMC, and SP2 also announced capital raises or insider transactions, signaling active corporate financing activity.

SMC Investment Trading (SMC) plans to raise over 368 billion VND (USD 14.72M) by issuing 36.8 million shares to existing shareholders at 10,000 VND/share, with proceeds used to repay loans and supplier debt. The company also targets a sharp 84.8% decline in 2026 after-tax profit to just 30 billion VND, reflecting ongoing steel sector headwinds.

KBC was the top proprietary buy at VND 94 billion on HOSE after the holiday, as securities firms net bought VND 166 billion. Foreign investors net sold VND 1,247 billion, adding selling pressure. The divergence highlights domestic institutional support for select stocks amid foreign outflow.

SMC posted Q1 2026 net profit of 18.5 billion VND, up 880% year-on-year, primarily due to a 75 billion VND gain from fixed asset liquidation. Revenue fell 42% to 1,072 billion VND, and the company has already achieved 57.4% of its full-year profit target of 30 billion VND.

HOSE reinstated margin trading for TNI (Thành Nam Investment Group JSC) and SMC (SMC Investment Trading JSC) as of April 19, 2026, after both companies addressed the issues that led to their removal. This regulatory change improves liquidity access for these stocks, which had been among 68 securities restricted from margin trading on HOSE based on financial, warning/control, or listing-time criteria.