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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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MB Securities Joint Stock Company (MBS) reported its Q1 2026 financial results, becoming one of the first brokerage firms to reveal the three-month performance. Specifically, MBS recorded operating revenue of VND 1,019 billion, up 52% year over year. In the proprietary trading segment, profit from financial assets measured at fair…
MB Securities Joint Stock Company (MBS) reported its Q1 2026 financial results, becoming one of the first brokerage firms to reveal the three-month performance. Specifically, MBS recorded operating revenue of VND 1,019 billion, up 52% year over year. In the proprietary trading segment, profit from financial assets measured at fair value through profit or loss (FVTPL) reached VND 146 billion, up 15% YoY. Additionally, interest income from lending and receivables rose sharply 59%, to VND 439 billion. Brokerage revenue also posted a positive growth of 81% versus Q1 2025, reaching VND 241 billion. By contrast, profit from available-for-sale (AFS) financial assets declined about 8% year over year to VND 37 billion. However, operating expenses rose sharply to VND 307 billion, nearly triple the year-ago level, mainly due to an 87% increase in losses from FVTPL assets to VND 101 billion, together with brokerage expenses rising 68% to VND 197 billion. In addition, financial costs surged 73% to VND 280 billion, with as much as VND 247 billion being interest expenses, nearly double Q1 2025. As a result, pretax profit for Q1 2026 reached VND 368 billion, up 9% YoY. Net profit after tax corresponding amounted to VND 292 billion, up 9%. For 2026, MBS plans revenue of VND 4,675 billion and pretax profit of VND 1,850 billion. Thus after three months, the brokerage has achieved about 20% of its profit target. As of March 31, 2026, MB Securities' margin lending and other entrusted lending (UTTB) totaled VND 15,520 billion, up nearly VND 500 billion from the end of 2025 with the margin lending component exceeding VND 14,867 billion. At the end of Q1, MBS' FVTPL amounted to a market value of nearly VND 3,116 billion, up slightly by about VND 10 billion from year-end. This mainly consisted of other debt instruments (VND 1,980 billion), bonds (VND 991 billion), equities (VND 100 billion) and fund certificates (VND 45 billion). Hold-to-maturity (HTM) investments were valued at VND 6,535 billion, down roughly VND 200 billion in the quarter.
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…
