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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Stock dividend payouts have become a broader strategic choice beyond simple cash distribution. They reflect long-term capital, growth, and risk management considerations in a changing environment. During the 2026 AGM season, spanning banks to large listed firms, there is a marked tilt toward stock dividends, attracting investor attention. The wave…
BIS Securities recorded a loss of nearly 7 billion dong in Q1 2026, becoming the first securities company to report a loss during the quarter. The result contrasts with peers MB Securities (MBS) and VPS Securities (VPS), which had reported earlier.
In Q1 2026, BIS reported total operating revenue of nearly 3.7 billion dong, down 14.6% year-on-year. The company’s main revenue source came from held-to-maturity investments (HTM), but this segment also fell sharply—by about 30%—to around 3 billion dong, indicating limited revenue generation capacity.
While revenue narrowed, expenses rose significantly, reversing earnings. Total operating and administrative expenses reached nearly 11 billion dong, up 481% year-on-year compared with Q1 2025.
BIS attributed the higher expenses to expansion activities, including increasing headcount, investing in technology infrastructure, purchasing equipment, and renovating offices.
As a result, BIS posted a pre-tax loss of approximately 7 billion dong in Q1 2026, compared with a profit of nearly 2.5 billion dong in the same period last year.
As of 31/03/2026, BIS’s total assets were around 382 billion dong, down slightly from the start of the year. The held-to-maturity investment portfolio accounted for a large share at around 150 billion dong, primarily term deposits at banks, leaving the asset structure still skewed toward safety.
BIS’s quarterly loss highlights a divergence within the securities industry: some larger firms continue to report growth, while smaller companies face cost pressures alongside limited revenue sources. The development also points to intensifying competition in the sector, in a market environment that has not yet shown a decisive breakout.
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…
