STB +5.45%: Bầu Thụy's Fourth Rebrand Playbook
STB closed at 67,700 VND the day before Sacombank's Apr 22 AGM — where Bầu Thụy stands for the board and the bank asks to rebrand as Saigon Treasure. It's the fourth time Vietnam's market has watched this same three-layer playbook unfold.
HPG Q1/2026 VND 9,056 bn profit: +52% steel, +170% headline
Hoa Phat's AGM reports Q1/2026 profit up 170% YoY, but VND 3,800 bn came from a one-off Pho Noi divestment. Unpacking profit quality for 300,000 shareholders.
Tim Cook hands off Apple after 15 years: +1,933%
On April 20, 2026, Apple announced that Tim Cook will hand the CEO role to John Ternus. Under Cook, AAPL rose 1,933%, nearly 4x the S&P 500. The real lesson isn't about entry points.
Vinhomes Targets VND 60tn Profit: Backlog Holds, Cash Unclear
One day before its 21 April AGM, Vinhomes lifted its 2026 net-profit target to VND 60tn — the highest ever set by a Vietnamese listed company. A VND 186.4tn backlog underwrites the number, but real cash flow and handover pace are the variables that will decide whether the accounting profit reaches shareholders.
VIC hits record, VHM ceiling: 3 scenarios for Apr 21-25
Session Apr 20 saw domestic flows push VIC to an all-time high of 191,000 VND and VHM locked at ceiling +6.93%. The week of Apr 21-25 — with Vingroup AGM on Apr 22 — is the real test for domestic liquidity.
HPG: VND 2,600B downstream move ahead of Apr 21 AGM
Three days before its annual shareholders meeting, Hoa Phat inaugurated a VND 2,600 billion steel pipe plant in Tay Ninh — lifting pipe capacity to 1.2 million tons per year and completing its value chain ahead of Dung Quat 2.
MWG VND 9,200B vs FRT VND 1,550B: Two post-phone paths
On April 20-24, MWG and FRT both release Q1/2026 earnings. Two retailers sharing a phone-store origin are now betting on opposite economics: MWG on volume via Bach Hoa Xanh, FRT on high margins via Long Chau.
Credit/GDP at 146%: Vietnamese banks enter the selective phase
FiinRatings lays out a three-layer framework for reading Q1/2026 bank earnings: capital strength, liquidity, and asset quality. The broad-basket bank trade of 2024-2025 is over.
TCBS +VND 1,458bn, EVS −VND 197bn: Model Decides Q1
VN-Index fell 6% in Q1 2026, but Q1 filings from 30+ Vietnamese brokers split into two poles. Revenue structure — not size — determined who booked a trillion-dong profit and who wrote a hundred-billion-dong loss.
Retail +1.27% on 17/4: MWG carries the whole basket alone
HOSE retail sector closed +1.27% on April 17, yet 14 of 22 stocks were flat and only MWG hit the ceiling. Thin breadth tells a story different from the index.
HAG before April 17 AGM: Chairman spends VND 136B, profit target doubles
Right before today's AGM, Chairman Doan Nguyen Duc spent about VND 136 billion to buy 9 million HAG shares. The company targets VND 4,202 billion in profit, double that of 2025, and will pay a cash dividend for the first time in 14 years.
FPT Down 44% From Peak, AGM Maps Out Revival
Chairman Truong Gia Binh acknowledged shareholder pain at the April 16 AGM, while P/E dropped to 14.5x and the AI-First strategy enters a new phase.
NVL Up 71% From Bottom: Accounting Profit, VND 67.4T Debt
Three catalysts drove NVL's 71% rally in 5 weeks. But the profit came from accounting reversals, revenue dropped 23%, and VND 67,400 billion in debt remains.
Q1/2026 Earnings: Power and Fertilizer Surge, Industrial Parks Under Pressure
SSI Research estimates 35 out of 40 companies will post positive profit growth in Q1/2026, but divergence ranges from +465% to -68%. Sector selection matters more than market direction.
Goldman Sachs: Record Q1, Stock Still Drops 4%
Goldman Sachs reported EPS of $17.55, beating estimates by 6.4%, yet the stock fell 4%. A look at the numbers reveals why Wall Street's best quarter still triggered a selloff.