Saigon Thuong Tin Commercial Joint, VN000000STB4

Sacombank picks auction organizer for Saigon Thuong Tin stock

Published on 10/15/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Sacombank set a VND 3.62 trillion starting price. Saigon Thuong Tin Commercial Joint Stock Bank stock earned VND 1.35 trillion in Q2 2026.

Asset sale and earnings context

Sacombank set a VND 3.62 trillion starting price for Xi Grand Court space on October 15, 2026.
Second-quarter 2026 revenue reached VND 20.72 trillion, up 21.44 percent from the first quarter.
Second-quarter 2026 net profit was VND 1.35 trillion, down 15.01 percent from the first quarter.
AlgolabX raised its December 2026 target to VND 80,000 on September 29, 2026.

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

Saigon Thuong Tin Commercial Joint Stock Bank (VN000000STB4) announced the selection of an auction organizer for commercial space at the Xi Grand Court project on October 15, 2026, with a starting price of VND 3.62 trillion, according to Vietnam.vn. The auction concerns the first through sixth floors of Xi Grand Court in Ho Chi Minh City, covering 47,316 square meters.

Xi Grand Court sets the latest catalyst

The property action gives investors a concrete measure of the bank's recovery effort. The space is collateral for a loan to Vietnam Bamboo Airways Joint Stock Company, and bids from auction organizers are due by October 16, 2026, Vietnam.vn reported. The starting price is a transaction parameter, not a stated gain for Sacombank, so the eventual auction result will determine the financial effect.

What does Q2 mean for earnings?

Second-quarter 2026 revenue was VND 20.72 trillion, compared with VND 17.06 trillion in the first quarter, a 21.44 percent increase. Net profit reached VND 1.35 trillion, down from VND 1.58 trillion in the first quarter, a 15.01 percent decline, according to CafeF. The contrast points to stronger revenue alongside weaker sequential profitability.

Dates and targets ahead

The next concrete date is October 16, 2026, when the auction-organizer bidding period ends. A separate September 29, 2026 update from AlgolabX set a December 2026 target of VND 80,000, up from VND 70,000, with a Hold view, as shown by Algolab. The target is an external assessment rather than company guidance.

Listing and investor context

Saigon Thuong Tin Commercial Joint Stock Bank trades as STB on the Ho Chi Minh Stock Exchange and belongs to the financials sector. Its identity, HOSE listing and ISIN are stated by Global Banking and Finance Review. For investors, the auction deadline and the gap between revenue growth and net-profit performance provide the next dated checkpoints.