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As of April 24, 2026, 431 listed banks and companies representing 28.9% of total market capitalization have published financial statements or preliminary estimates of Q1 2026 results, with after-tax profits continuing to grow strongly year over year, up 34.2% from the same period. The non-financial group led with a 63.9% increase, while the financial group recorded a lower 19% rise versus the same period. The Q1 2026 growth was driven by several non-financial sectors benefiting from commodity prices and the recovery cycle, such as steel, retail, personal care, fertilizer, oilfield services, dairy, and beer. Notably, Vinamilk (Dairy) and Sabeco (Beer) recorded explosive earnings growth, 54.9% and 55.8% respectively year over year, mainly due to a low base. However, despite positive results in the first quarter, both companies maintained a cautious view on full-year plans amid slower consumer demand recovery and rising input-cost pressures not yet fully reflected in this quarter’s results. Conversely, Information Technology posted after-tax profits down 13.2% YoY, mainly due to FPT down 13.6% YoY. However, this decline is largely a technical accounting effect as FPT reclassifies FPT Telecom (FOX) from full consolidation to the equity method from 2026. Excluding this factor, FPT’s core profit still rose about 16.3% YoY.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
