SHS Q1 2026: Total assets up 47%, brokerage revenue up 86%

SHaigon-Hanoi Securities JSC (SHS) announced its Q1 2026 financial results, reporting a pre-tax profit of VND 280 billion. Lending outstanding continued to grow at a record pace, reaching VND 10,500 billion, up 126% from the same period a year earlier. Q1 2026 closed amid a Vietnamese stock market with strong volatility and clear divergence among stock groups. Liquidity remained high thanks to expectations of market upgrading, a stable interest-rate environment, and improved investor sentiment. However, near-term profit-taking pressure, global economic fluctuations, and intensifying competition in the brokerage sector kept the business environment from being fully favorable. GROWTH BASE EXPANDED, DRIVING STRUCTURAL RESTRUCTURING IN LINE WITH THE DIRECTION Against this backdrop, SHS still posted solid results with pretax profit of VND 280 billion in the first quarter and aligned with the roadmap, while noting strong expansion in core business areas. As of 31 March 2026, SHS’s loan balance was about VND 10,502 billion, up 15% from the year-start, and up 126% year-on-year vs. Q1 2025, marking a historical high in SHS’s operating history. This reflects the company’s lending capacity, risk management, and ability to broaden client activity, sustaining positive loan growth. [Image: Dư nợ cho vay tại SHS giai đoạn 2024-2026. Nguồn: SHS, FiinX.](https://premedia.vneconomy.vn/files/uploads/2026/04/21/f89b9ad7df6f4853858d6f17eb561375-84591.jpg?w=1200) In Q1, SHS’s brokerage revenue reached nearly VND 97 billion, up 86% from the same period last year, indicating brokerage activity continued to grow in the face of rising competition. At the same time, SHS’s total assets as of 31/3/2026 stood at VND 22,367 billion, up 47% year-on-year. Overall, SHS’s Q1 2026 results reflect stable and sustainable growth, in line with the strategy to focus on core business areas such as financial services, asset management, and investment banking. Positive signals from scale and operational efficiency show the company’s growth platform is being strengthened in the current period. SHS 2026 Shareholders’ Meeting – A pivotal turning point in transformation At the 2026 SHS shareholders meeting, SHS officially announced a comprehensive transformation strategy for the 2026–2030 period, with 2026 identified as the starting point for restructuring the growth model. Under the approved plan, SHS targets 2026 revenue of VND 3,739 billion and pre-tax profit of VND 1,718 billion, while aiming to be among the Top 10 stockbroking firms by operating efficiency and Top 10 market share. [Image: SHS đang thực hiện tái cấu trúc mô hình hoạt động, ưu tiên xây dựng nền tảng tăng trưởng bền vững. Ảnh: SHS.](https://premedia.vneconomy.vn/files/uploads/2026/04/21/a37b69d9acf64ac1a53a1e76b70b080a-84592.jpg?w=1200) SHS is conducting a restructuring of its operating model, prioritizing the establishment of a sustainable growth platform. The leadership also introduced a new operating philosophy based on a “customer lens,” implementing a Service Branding approach—placing customer needs and experience at the center of all activities. Based on this, SHS defined five strategic pillars: customer-centric thinking, enhancing organizational capability and people, investing in technology, governance systems aligned with top standards, and sustainable development. A major focus of the new strategy is the development of an ecosystem of comprehensive financial services for both individuals and institutions. This model is expected to help the company expand revenue streams, increase customer lifetime value, and build more sustainable profitability over the long term. Alongside the business model transformation, SHS’s shareholders approved increasing the charter capital from VND 8,994.6 billion to up to VND 10,064.4 billion through three components: issuing bonus shares, private placements to investors, and an ESOP. New capital will be prioritized for expanding margin lending, investment activities, and upgrading technology infrastructure—key enablers for the next growth cycle. [Image: Ông Nguyễn Duy Linh – Tổng giám đốc SHS được Đại hội đồng cổ đông bầu giữ chức Thành viên Hội đồng Quản trị. Ảnh: SHS.](https://premedia.vneconomy.vn/files/uploads/2026/04/21/9965c2cafc8d47599e91617cc5caa949-84593.jpg?w=1200) Mr. Nguyễn Duy Linh – SHS’s CEO – was elected to serve as a member of the Board of Directors. This helps strengthen leadership and prep governance resources for the next growth phase. SHS is laying a solid foundation to restructure growth. Growth in asset size, loan balance, and brokerage activity continues to rise, underscoring the company’s improving operating capacity. As the Vietnamese stock market enters a new growth cycle, Q1 2026 can be viewed as SHS’s initial run toward a modern and sustainable growth model in the coming years. From keywords: [SHS](https://vneconomy.vn/tag/shs)