Saigon Thuong Tin Commercial Joint, VN000000STB4

AlgolabX raised target for Saigon Thuong Tin Commercial Joint stock to VND 80,000

Published on 10/13/2026 at 09:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AlgolabX lifted its target to VND 80,000 on September 29, 2026. Saigon Thuong Tin Commercial Joint stock closed at VND 67,300 on October 9, 2026.

AlgolabX raised its Sacombank target from VND 70,000 to VND 80,000 on September 29, 2026.
The stock closed at VND 67,300 on the HOSE on October 9, 2026.
First-half 2026 pretax profit fell 43.6 percent to VND 4.136 trillion as provisions increased.
The 52-week range was VND 46,000 to VND 78,200, with market capitalization at VND 126.9 trillion.

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

Saigon Thuong Tin Commercial Joint stock (ISIN VN000000STB4) had its AlgolabX target raised from VND 70,000 to VND 80,000 on September 29, 2026, according to Algolab. The stock closed at VND 67,300 on the HOSE on October 9, 2026, leaving the new target 18.87 percent above that closing price.

What changed in the target?

AlgolabX moved its December 31, 2026 target from VND 70,000 to VND 80,000 while keeping its rating at Hold, the Algolab report dated September 29, 2026 said. The target change puts the published valuation reference above the October 9 closing price by VND 12,700.

Three dated developments

On September 16, 2026, Sacombank was reported to have paid VND 2.120 trillion in bond principal and interest, according to Stockbiz. On September 29, AlgolabX raised the target to VND 80,000, and on October 9 the stock closed at VND 67,300.

The operating backdrop remains mixed. Sacombank reported VND 4.136 trillion in pretax profit for the first half of 2026, down 43.6 percent from the same period, while provisions rose 542.7 percent to VND 7.119 trillion, according to Vietnam.vn. The comparison matters because the target increase rests against a period in which credit costs weighed heavily on reported earnings.

Provisioning sets the key test

Analyst forecasts for the third quarter of 2026 pointed to pretax profit of VND 1.800 trillion, down 50.8 percent year over year, with net interest margin at 2.7 percent and provisions twice the prior-year level, according to CafeF. That forecast contrasts with the full-year 2026 view from VCBS, which put pretax profit at VND 11.638 trillion, up 53 percent, according to Nguoi Quan Sat.

Stock remains below its yearly high

The October 9 closing price of VND 67,300 stood below the 52-week high of VND 78,200 and above the 52-week low of VND 46,000. Market capitalization was VND 126.9 trillion on that date, giving the target revision a clear valuation context without removing the earnings risk from elevated provisions.