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SSI Securities Corporation (SSI) reported operating revenue of VND 3,075 billion in Q1 2026, up 46% year over year. Pretax profit reached VND 1,461 billion, up 44% compared with the same period last year.
Proprietary trading contributed 39% of SSI’s revenue. Profit from financial assets measured at FVTPL rose 18% year over year to VND 1,226 billion.
By end-Q1 2026, SSI’s FVTPL asset portfolio stood at more than VND 42,000 billion, up about VND 4,400 billion from the start of the year. The largest components were time deposits of nearly VND 28,000 billion and bonds of more than VND 12,500 billion.
In stocks and listed securities, the cost was VND 77 billion, with a temporary loss of around VND 2 billion versus purchase price. Compared with the start of the year, this item declined by more than VND 100 billion.
Within the stock investment portfolio, SSI added new large holdings in VCB and MWG, while reducing exposure to HPG and VPB. The company reported no holdings in FPT, ACB, or VNM.
Profit from lending and receivables increased 67% year over year to VND 1,050 billion. As of January 31, 2026, SSI’s margin lending balance was nearly VND 37,000 billion, down about VND 2,000 billion from the start of the year.
Securities brokerage revenue reached VND 607 billion, nearly double the year-ago period.
In Q1 2026, SSI remained second in HoSE’s top-10 brokerage market share, at 11.14%, down slightly from 12.5% in Q4 2025.
SSI’s total assets as of March 31, 2026 were about VND 92,000 billion, a modest decline from year-start. Total liabilities were over VND 53,000 billion, down more than VND 6,500 billion in the quarter, with short-term borrowings falling to about VND 52,000 billion.
TCBS (CTCK Kỹ Thương) posted pretax profit of VND 1,458 billion in Q1 2026, up 11% year over year. Revenue from operations rose 37% year over year to VND 2,783 billion.
Lending remained the largest contributor, accounting for 44% of total revenue at VND 1,229 billion, up 68%. TCBS’s lending balance rose to a record VND 44,754 billion, up nearly VND 900 billion from year-start.
Guarantee and underwriter fees contributed VND 481 billion, up 33%, while brokerage revenue increased 75% to VND 266 billion.
In Q1, TCBS maintained third place in HoSE’s top-10 brokerage market share at 8.85%. Proprietary trading added VND 532 billion, up slightly.
As of March 31, 2026, TCBS’s portfolio of financial assets exceeded VND 32,300 billion, up about VND 7,000 billion from year-start, with most held in available-for-sale assets.
TCBS primarily invested in unlisted corporate bonds exceeding VND 27,000 billion, up about VND 7,000 billion from the start of the year, alongside listed bonds of about VND 2,300 billion, time deposits over VND 1,200 billion, and unlisted stocks exceeding VND 1,700 billion (listed stocks were negligible).
As of January 31, 2026, TCBS’s total assets approached VND 88,665 billion, up more than VND 8,000 billion from the start of the year. Financial borrowings increased by over VND 8,000 billion to exceed VND 38,000 billion.
VPS (CTCP Chứng khoán VPS) reported pretax profit near VND 1,547 billion in Q1 2026, up 68% year over year. Operating revenue rose 72% to VND 2,519 billion.
Brokerage contributed VND 1,003 billion, up 73% year over year. VPS also recorded profits from financial assets measured at FVTPL of VND 393 billion, up 75%, and profits from lending of VND 948 billion, up 88.5%.
In Q1 2026, VPS maintained the No.1 brokerage market share in HoSE at 15.32%.
As of March 31, 2026, VPS’s total assets stood at VND 53,217 billion, up 10% year over year. The largest asset category was lending at VND 30,407 billion.
The FVTPL asset portfolio increased from about VND 7,295 billion to over VND 9,346 billion. VPS mainly held unlisted bonds and time deposits.
Cash and cash equivalents declined from about VND 8,681 billion to about VND 6,162 billion. HTM holdings fell from VND 3,666 billion to VND 2,296 billion, while AFS assets declined from nearly VND 4,969 billion to about VND 3,715 billion.
On the liability side, VPS’s total liabilities reached VND 23,120 billion, up 18% from the start of the year. Short-term borrowings rose 30% to VND 16,808 billion, and the company also held VND 5,000 billion in long-term bonds.
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