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2 clusters · 2 sources · 5 days · First seen · Last updated

Sacombank stock market performance and financial shifts

Overview

Sacombank (STB) has experienced significant stock market activity in late 2026. In early September, the PYN Elite Fund established Sacombank as its largest holding, with an investment estimated at over 152 million euros, representing approximately 17.7% of the fund's total assets. At that time, the stock reached a record high of 77,300 VND per share.

By September 10, shares reached a new historic high of 78,600 VND, marking a 31% increase since late March 2026. This upward trend occurred despite a reported decline in short-term profits. For the second quarter of 2026, pre-tax profit fell by 44.5% year-on-year to 2,030 billion VND. The bank attributed this decline to a substantial increase in credit risk provisions, allocating 5,095 billion VND in Q2 2026—approximately 5.6 times the amount allocated during the same period the previous year—as part of its asset quality management and restructuring efforts.

Entities

Sacombank · VN-Index · Hoa Phat Group · FPT Corporation · Vietnam Airlines

Timeline

  1. 2 days ago

    [BUSINESS] 2 sources
    Sacombank shares hit new historic high despite profit decline

    Sacombank (STB) shares hit a historic high, rising 31% since March 2026, despite a decline in quarterly profits due to increased credit risk provisions and restructuring efforts.

  2. 6 days ago

    [BUSINESS] 2 sources
    Sacombank becomes largest holding for PYN Elite Fund

    Sacombank (STB) is now the largest holding for PYN Elite Fund, representing 17.7% of its portfolio with an estimated value of 4,600 billion VND.

Sources

cafebiz.vn · cafef.vn