Saigon Thuong Tin Commercial Joint, VN000000STB4

Algolab raised Sacombank target to VND 80,000: what it means for Sacombank stock

Published on 10/09/2026 at 12:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter provisions reached VND 5.095 trillion in 2026. For Sacombank stock this means VND 7.119 trillion in first-half provisions and VND 8.1 trillion full-year target.

Algolab raised its Sacombank target from VND 70,000.00 to VND 80,000.00 on October 7, 2026.
Sacombank reported VND 5.095 trillion in second-quarter provisions and VND 7.119 trillion in first-half provisions.
The bank set a VND 8.1 trillion pretax profit target for 2026, while six-month pretax profit fell 43.60 percent year over year.
STB is listed on HOSE in Vietnam's banking sector.

Saigon Thuong Tin Commercial Joint, VN000000STB4, Illustration mit AI erstellt.

Algolab had raised its Sacombank target from VND 70,000.00 to VND 80,000.00 on October 7, 2026, while keeping a Hold view, according to Algolab. The revision puts credit costs at the center of the investment case for Saigon Thuong Tin Commercial Joint stock.

Credit costs shape the target

Sacombank's second-quarter provisions reached VND 5.095 trillion, while first-half provisions totaled VND 7.119 trillion, according to MarketTimes on September 10, 2026. The six-month provision figure was higher than the VND 1.1 trillion reported for the comparable period, showing why earnings quality matters alongside the target revision.

Three dated signals for STB

The recent chronology is clear. On August 13, 2026, Algolab had cut its year-end target from VND 76,000.00 to VND 70,000.00. On September 10, 2026, Sacombank's market capitalization reached VND 147.047 trillion as the stock traded at VND 78,000.00, according to VietnamBiz. On October 7, 2026, the target moved back to VND 80,000.00.

What does the target mean for credit costs?

The answer depends on whether provisions begin to normalize. MarketTimes reported second-quarter pretax profit of VND 2.030 trillion, down 44.50 percent from the prior year, and six-month pretax profit of VND 4.136 trillion, down roughly half from the comparable period. Sacombank's 2026 plan calls for VND 8.1 trillion in pretax profit, VND 1.01 trillion in assets, VND 921.3 trillion in deposits and VND 699.4 trillion in credit outstanding.

Listing and investor reference points

Global Banking and Finance Review identifies the company as Saigon Thuong Tin Commercial Joint Stock Bank, ticker STB, listed on HOSE under ISIN VN000000STB4. The bank operates in Vietnam's banking sector, and its current valuation debate combines a higher target with elevated credit costs.