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VietinBank Securities (VBSE, ticker CTS, listed on HoSE) has approved a plan to issue shares to pay a dividend under the company's 2026 annual general meeting resolution. Under the plan, VBSE is expected to issue 59.55 million shares as a dividend, equivalent to a rights issue ratio of 100:28. The funding will come from profits after tax that have been realized but not distributed as of the end of 2025. Implementation is planned for Q2-Q3 2026. If completed, VietinBank Securities will raise its outstanding share count to 272.24 million units, equating to charter capital of VND 2,722.4 billion. In Q1 2026, VietinBank Securities posted operating revenue of about VND 352 billion, down 24% year-on-year. The decline mainly came from the proprietary trading segment, where gains from financial assets measured at FVTPL fell by 72% to about VND 86 billion. The proprietary trading segment contributed net profit of only around VND 23 billion, down 77% versus the same period. Conversely, several segments continued to see positive growth. Notably, profit from held-to-maturity (HTM) investments rose 108% to VND 62 billion, and profit from lending rose 60% year-on-year to nearly VND 132 billion. During the period, operating costs were reduced by 55% to just under VND 102 billion. As a result, pre-tax profit declined 38% to VND 82 billion. For 2026, VietinBank Securities set a target pre-tax profit of VND 454 billion, down 36.5% from the 2025 actual. Nevertheless, the company had completed 18% of its annual plan. Read more
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