Saigon Thuong Tin Commercial Joint, VN000000STB4

Saigon Thuong Tin Commercial Joint stock falls 1.33 percent as bond plan emerges

Published on 10/07/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Saigon Thuong Tin Commercial Joint stock is linked to a VND 15.0 trillion public bond plan reported October 7, 2026. Six-month pretax profit fell 43.6 percent.

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

Saigon Thuong Tin Commercial Joint stock (ISIN VN000000STB4) was trading at VND 66,800.0 on the Ho Chi Minh City Stock Exchange on October 7, 2026, down 1.33 percent from the previous close. The immediate company signal is a proposed VND 15.0 trillion public bond program designed to strengthen Tier 2 capital and support lending.

Bond plan targets capital strength

According to Baomoi, the bank approved a public offering of 150 million non-convertible, unsecured subordinated bonds with maturities of seven and 10 years. The proceeds are intended for lending and qualify as Tier 2 capital under Vietnamese banking rules.

The financing plan matters because operating cash flow was negative VND 41,480 billion in the first six months of 2026, compared with positive VND 22,993 billion in the same period of 2025, according to Baomoi. Customer deposits still increased by VND 29,597 billion during the period, creating a different funding pattern from the interbank outflow.

Profit falls as provisions rise

Six-month 2026 pretax profit reached VND 4,136 billion, down 43.6 percent from the prior-year period, while net income fell 49.4 percent to VND 2,931 billion. The figures were reported by Nhip Song Kinh Doanh from the bank's second-quarter financial statements.

Credit provisions were VND 7,119 billion, up 542.7 percent year over year. That cost outweighed a 33.4 percent increase in profit before provisions to VND 11,255 billion, leaving asset quality and capital absorption as the key counterweights to the bond-funded expansion.

Stock stays below yearly high

At VND 66,800.0, the stock stood 15.44 percent below its 52-week high of VND 79,000.0 and 45.38 percent above its 52-week low of VND 45,950.0 on October 7, 2026. The market capitalization was VND 125.7 trillion on the same date.

The analyst picture is neutral: Investing.com lists five analysts, with four Holds and one Sell, and an average 12-month price target of VND 69,960.0. The target lies 4.73 percent above the October 7 price, while the published high and low estimates are VND 81,000 and VND 58,800.

Next results date is set

The next reported checkpoint is listed for November 3, 2026. Until then, the central trade-off is measurable: stronger capital access and deposit growth against sharply higher provisions and weaker first-half earnings.