Vietnam Technological & Commercial, VN000000TCB8

Vietnam Technological & Commercial stock: VCBS sets VND 35,000 target for Techcombank stock

Published on 10/20/2026 at 16:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit reached VND 10.4 trillion on October 20, 2026. Techcombank stock stood at VND 33,950.00 on October 20, up 2.11 percent on HOSE.

Target and earnings at a glance

VCBS set a VND 35,000.00 target on October 6, 2026.
Third-quarter pre-tax profit reached VND 10.4 trillion on October 20, 2026.
Techcombank stock stood at VND 33,950.00 on HOSE on October 20, 2026, up 2.11 percent.
Techcombank's earnings call is scheduled for October 22, 2026.

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

Vietnam Technological & Commercial (VN000000TCB8) delivered third-quarter pre-tax profit of VND 10.4 trillion on October 20, 2026, according to Vietstock. The result was 25.8 percent above the year-earlier quarter, while nine-month pre-tax profit reached VND 28.9 trillion, up 23.7 percent. The stock stood at VND 33,950.00 during the HOSE session on October 20, 2026, up 2.11 percent from the VND 33,250.00 reference level.

Profit growth widens beyond lending

The latest result points to a broader earnings mix. Nine-month total operating income reached VND 45.2 trillion, an increase of 17.1 percent from the same period of 2025. Net interest income rose 16.9 percent to VND 32.0 trillion, while service income increased 40.0 percent to VND 11.8 trillion.

The third-quarter net interest margin rose to 3.5 percent from 3.4 percent in the second quarter of 2026. That recovery matters because higher funding costs had pressured margins earlier in the year. Operating expenses reached VND 13.8 trillion in the first nine months, up 18.7 percent from the comparable period.

Stock position and valuation

Techcombank stock traded between VND 33,050.00 and VND 33,950.00 during the October 20 session, with volume of 33,080,000 shares. Its 52-week range was VND 27,770.00 to VND 40,790.00, placing the current price 16.77 percent below the high and 22.27 percent above the low. Market capitalization stood at VND 240.6 trillion.

The price-to-earnings ratio was 8.8 on October 20, 2026. On October 6, 2026, VCBS issued a Buy recommendation and a VND 35,000.00 target, as reported by Nguoi Quan Sat. The target was 3.09 percent above the HOSE price of VND 33,950.00.

October 22 earnings call ahead

Techcombank's next scheduled investor date is October 22, 2026, when the bank plans to hold its third-quarter earnings call. The investor-relations page also identifies the six-month 2026 results as showing pre-tax profit of VND 18.5 trillion, up 22.5 percent from the first half of 2025, and total operating income of VND 28.6 trillion, up 17.5 percent, according to Techcombank.

What the numbers mean for investors

The combination of 23.7 percent nine-month profit growth and 40.0 percent service-income growth gives the stock two measurable earnings supports. The VND 35,000.00 target is only 3.09 percent above the October 20 HOSE price, leaving the October 22 call as the next dated test for the current valuation.

Vietnam Technological & Commercial stock stood at VND 33,950.00 on HOSE on October 20, 2026, up 2.11 percent from VND 33,250.00.