Q1/2026 Earnings: 38% Aggregate, Deep Divergence by Sector
803 listed companies reported an average 38.2% net profit growth in Q1/2026, but most gains came from a handful of cyclical sectors benefiting from a low-base effect. VNMID rose 82.6% while VN30 managed just 27.4%. That gap tells the real story.
Credit Outpaces Deposits, CPI at 5.46%: Three Interest Rate Scenarios
Credit growth hit 4.42% while VND deposit growth lagged by nearly 2 percentage points, and April CPI breached the full-year 4.5% target. The SBV faces mounting dual pressure as three distinct interest rate scenarios come into focus.
SAB Q1/2026: Profit Up 56%, Two Engines Behind the Surge
Sabeco posted Q1/2026 net profit up 56% while revenue grew just 11%. Two independent mechanisms explain the gap: gross margin expansion and VND 260 billion in quarterly deposit interest.
DGC: Founding Family Exits the Board, Margin Risk Stays
DGC officially exits VN30 on May 13 following a legal chain set in motion on March 17. The key risk for investors is not the index: it's Mine 25, still suspended.
US Court Strikes Down 10% Tariff Again: Why Wall Street Didn't Flinch
The Court of International Trade ruled Trump's global 10% tariff illegal for the second time in three months. Wall Street's calm was the right technical read, but the medium-term picture is more complex.
Datadog +31%, Cloudflare -18%: Two Opposite AI Business Models
Both companies beat Q1 2026 revenue estimates the same night, yet their stocks moved in opposite directions. The difference comes down to how each company relates to AI: selling observability to AI systems vs. using AI to replace internal headcount.
STB Hits All-Time High as a 10-Year Restructuring Nears Its End
The same week Sacombank reported its weakest Q1 profit among major banks, STB hit the daily price ceiling and reached a historic high. The paradox has a clear explanation rooted in a decade-long restructuring story.
CTD Hits Floor Limit on VN-Index Record Day: Two Legal Layers
On May 7, 2026, CTD fell -6.93% to its floor limit while VN-Index set a new all-time high at 1,909 points. What the financial statements don't show: two layers of legal risk are repricing this construction stock.
VHM Hits Ceiling Price While 32 Real Estate Peers Fall: Vinhomes Stands Alone
On May 7, 2026, VHM closed at the ceiling price (+6.95%) while 32 other real estate stocks declined. Two Vinhomes-specific events explain the divergence: a record VND 24,644 billion dividend and Q1/2026 results that covered 42.7% of the full-year profit target.
GEX, GEE Hit Ceiling: The VND 18.1B Power Grid Cycle Is On
GELEX's electrical equipment segment grew 38.2% in Q1/2026, accounting for 65.9% of consolidated revenue of VND 10,722 billion. Behind the number: a real power grid investment cycle under Vietnam's revised Power Development Plan VIII and a VND 35,500 billion debt stack that warrants equal attention.
HCM hits ceiling after 25% dilution: the margin logic
HSC Securities issued 270 million new shares, a 25% dilution, yet the market rewarded HCM with a ceiling hit. Why the destination of new capital matters more than dilution size.
Brent Down 6%, Gold Up 2.87%: Reading the Right Signal
On the night of May 6, Iran peace talks pushed Brent down 6% while gold climbed 2.87%. These two assets respond to fundamentally different risk channels; most investors are watching the wrong one.
WinCommerce Posts VND 204B Profit in Q1/2026: Masan's Six-Year Turnaround
Starting from accumulated losses of roughly VND 17,500 billion when Masan took over from Vingroup in 2019, WinCommerce posted VND 204 billion in net profit in Q1/2026. A look at the decisions that made the difference.
FTSE Drops SAB, DIG, DXG: Technical Criteria, Not Business Performance
Nine stocks were removed from Vietnam's FTSE eligibility list because they failed technical criteria on liquidity, market cap, and foreign ownership, not because their businesses deteriorated. ETF investors need to understand this distinction before September 21, 2026.
Gemadept Becomes a Group: Hormuz Decides Which 2026 Scenario Plays Out
The May 6 AGM approved a group rebranding, a 22% cash dividend, and a 50% stock bonus. The VND 200 billion gap between Gemadept's two 2026 profit targets hinges on shipping routes through the Strait of Hormuz.