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On April 23, 2026, SSI Securities Corporation (ticker SSI) held its 2026 Annual General Meeting. At the meeting, a shareholder asked the leadership to clarify the stock price outlook, noting that many other tickers have doubled in value recently while SSI was also expected to rise similarly. The shareholder requested whether the company’s leadership can commit to strong near-term growth for the stock.
SSI Chairman Nguyen Duy Hung said the company does not intervene in stock price movements in the market. “I have said many times, SSI does not do anything related to influencing stock prices. I personally do not trade my own stock. Everyone wants the stock to rise, but whether it rises or not is determined by the market and investors. As for promising a multi-fold rise, I don’t even think about it, let alone promise it,” he emphasized.
Addressing concerns that SSI could become “old” as younger brokerage firms backed by banks rise, the leadership said SSI’s leading position does not come from ostentatious scale or maximizing short-term profits. Instead, it requires investing resources to build the market and share benefits.
On SSI’s strategy to sustain its position as the “big brother” of the securities industry, Mr. Hung said the concept is not simply about scale or market share, but about leadership capability and contributions to market development. He added that SSI remains committed to guiding the market rather than competing at all costs.
To sustain its position, SSI outlined three pillars: strengthening financial capacity to withstand volatility, shifting from growth in quantity to quality, and investing in technology. “If we push hard to win market share, that is the approach of a market hawk, not the big brother,” Mr. Hung said.
Regarding market-share dynamics, management said SSI is not pursuing a strategy of cutting fees to achieve short-term growth. Instead, the company is upgrading its technology system and shifting strongly toward digital distribution channels, leveraging social media and livestreams to reach individual investors more effectively.
For 2026, SSI expects market conditions to be shaped by slower credit growth, higher interest rates from a low base in 2025, and external risks including geopolitical tensions. Based on these assumptions, SSI forecasts the VN-Index to fluctuate around 1,800 points, with average daily liquidity of about 28.5 trillion VND per session.
SSI said these scenarios form the basis for its 2026 business plan, targeting consolidated revenue of 15,660 billion VND, up 19%, and pre-tax profit of 5,838 billion VND, up 15% from the previous year.
Also at the meeting, shareholders approved the dismissal of Kosuke Mizuno, an Independent Non-Executive Director representing Daiwa Securities Group Inc, after his resignation. The meeting will proceed to elect a replacement member from the announced candidate list. After the changes, SSI’s board will consist of six members, with Nguyen Duy Hung continuing as Chairman.
Mai Chi
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