Saigon Thuong Tin Commercial Joint, VN000000STB4

Saigon Thuong Tin Commercial Joint stock stock falls 1.33 percent

Published on 10/08/2026 at 09:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VCBS sees 2026 pretax profit at VND 11.64 trillion, up 53 percent, while SSI expects Q3 profit at VND 2.0 trillion, down 45 percent. Q2 provisions reached VND 5.095 trillion.

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

Saigon Thuong Tin Commercial Joint stock (ISIN VN000000STB4) closed at VND 66,800 on HOSE on October 7, 2026, down 1.33 percent from the previous close. VCBS forecasts a sharp recovery in full-year profit, while a separate estimate points to continued provisioning pressure in the third quarter.

VCBS sees 53 percent profit growth

According to Baophapluat, VCBS projects 2026 pretax profit of VND 11.64 trillion, an increase of 53 percent from the prior year. The same forecast puts operating income at VND 39.005 trillion, up 22 percent, with credit growth of 15.9 percent and a net interest margin of 3 percent.

The forecast depends on stronger credit recovery and the resolution of large legacy loans. It also places greater weight on future asset recovery than on near-term margin expansion, since the projected net interest margin is lower than the bank's recent operating level.

Provisioning reshapes the earnings picture

Nhip Song Kinh Doanh reported that second-quarter 2026 pretax profit fell 44.5 percent year over year to VND 2.030 trillion. Provisioning reached VND 5.095 trillion, compared with VND 912 billion in the second quarter of 2025.

For the first six months of 2026, pretax profit was VND 4.136 trillion, down 43.6 percent year over year, while provisions reached VND 7.119 trillion. The contrast is material: pre-provision net profit rose 55.9 percent to VND 7.125 trillion, but credit costs absorbed much of that improvement.

SSI Research forecasts third-quarter pretax profit of VND 2.0 trillion, down 45 percent year over year, according to CafeF. That estimate places the bank's recovery thesis against a still demanding near-term earnings comparison.

Stock remains below yearly high

Saigon Thuong Tin Commercial Joint stock's VND 66,800 close was inside the VND 45,950 to VND 79,000 52-week range on October 7, 2026. Market capitalization stood at VND 125.7 trillion, and volume reached 3.73 million shares.

For investors, the central tension is visible in the numbers: VCBS sees VND 11.64 trillion in 2026 pretax profit, while SSI sees VND 2.0 trillion in third-quarter pretax profit. The stock's next reference point is the scheduled earnings date of November 3, 2026.