Vietnam Technological & Commercial, VN000000TCB8

SHS kept its overweight call on Vietnam Technological and Commercial stock

Published on 10/08/2026 at 11:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Six-month profit hit VND 18.54 trillion and earnings VND 7.35 trillion. Market value for Vietnam Technological and Commercial stock was VND 229.2 trillion.

Vietnam Technological & Commercial, VN000000TCB8, Illustration mit AI erstellt.

SHS's September 28, 2026 report kept its overweight call and VND 41,300.00 target for Vietnam Technological and Commercial stock, according to CafeF. The target stood 27.66 percent above the VND 32,350.00 HOSE price on October 8, 2026.

Profit growth reaches 22.50 percent

SHS reported six-month 2026 pretax profit of VND 18.54 trillion, up 22.50 percent from the same period a year earlier and equal to 49.40 percent of the full-year plan. The report also cited a 2026 pretax-profit forecast of VND 37.614 trillion, up 15.60 percent year over year.

The operating picture was already visible in the second quarter. Yahoo Finance lists Q2 FY26 revenue at VND 14.94 trillion and earnings at VND 7.35 trillion, while GAAP-normalized earnings per share came in at VND 1,037.20 versus an estimate of VND 943.10.

Fee income offsets funding pressure

The earnings growth has a second dimension beyond lending. A September analysis said service income represented 24.50 percent of total operating income in the second quarter of 2026, up from 16.50 percent a year earlier, while operating costs rose 20.60 percent.

Funding remains the counter-factor. The same analysis put second-quarter net interest margin at 3.40 percent, up from 3.10 percent in the first quarter, but said interest expense rose faster than interest income. For the bank, that leaves future profit growth tied to the balance between loan expansion, deposit costs and fee generation.

Stock stays below its yearly high

Vietnam Technological and Commercial stock traded at VND 32,350.00 on HOSE on October 8, 2026, 22.98 percent below its 52-week high of VND 42,000.00. The 52-week low was VND 27,800.00, while market capitalization stood at VND 229.2 trillion on the same date.