“SHB and SHS Stocks Plummet After Do Quang Vinh’s August Address”

The market opened the week on a positive note, with a range of stocks surging and pushing the main index back to its historical peak. The VN-Index closed nearly 33 points higher at 1,528 points.

SHB and SHS stocks were no exception to this market trend, rising to their maximum daily limit. SHB climbed 6.9% to 18,600 VND per share, while SHS jumped 9.8% to 23,600 VND per share.

Recently, on his personal Facebook page, Mr. Do Quang Vinh, Vice Chairman of SHB’s Board of Directors and Chairman of SHS, posted a status update: “Hello My August 8️⃣ 💜💜💜💜💜💜💜”.

In the comments section, Do My Linh, who is Mr. Vinh’s sister-in-law and a beauty queen, playfully remarked, “8💜 means 8 more sessions to go, right, brother?”.

Indeed, SHB and SHS stocks have been on a remarkable upward trajectory in recent months, becoming the talk of the town in the stock market with their exceptionally high trading volume and skyrocketing prices. SHB’s current price marks an all-time high, while SHS is just shy of its November 2021 peak by less than 3%.

Since the beginning of 2025, SHB and SHS have soared by 109% and 118%, respectively. Accompanying this price surge is a significant boost in liquidity, with some trading sessions for SHB witnessing volumes of over 100 million, and even surpassing 200 million units.

The primary driver of this recent rally in SHB and SHS stocks is likely their impressive financial performance.

At Saigon-Hanoi Commercial Joint Stock Bank (SHB), the bank has set ambitious targets for 2025, aiming for a 25% increase in pre-tax profit to VND 14,500 billion, total assets of VND 832,000 billion reflecting an 11% growth, and nearly VND 46,000 billion in charter capital. SHB also plans to maintain a 16% credit growth rate while keeping the bad debt ratio below 2%. The bank is on a trajectory to reach the milestone of VND 1 quadrillion in total assets by 2026.

As of the first half of 2025, SHB has achieved a pre-tax profit of VND 8,913 billion, a 30% increase compared to the same period in 2024, and equivalent to 61% of its full-year plan. The bank has impressively maintained its cost-to-income ratio (CIR) at 16.4%, one of the lowest in the industry. SHB’s operational efficiency has noticeably improved, as evidenced by its ROE surpassing 18%.

As of June 30, 2025, SHB’s total assets stood at nearly VND 825 trillion, including customer lending balances of over VND 594.5 trillion, reflecting a 14.4% increase from the beginning of the year and a significant 28.9% surge compared to the same period last year.

SHB has received approval from the State Bank of Vietnam for its plan to increase charter capital by issuing bonus shares to existing shareholders from 2024 dividend payout. According to the plan, the bank will issue a maximum of nearly 528.5 million shares as dividend payment, equivalent to a 13% issuance rate of the total circulating shares (for every 100 shares owned, shareholders will receive 13 new shares). These newly issued shares will not be subject to transfer restrictions.

The capital source for this issuance will come from the 2024 post-tax profit after various funds have been allocated. Following the successful issuance, SHB’s charter capital is expected to increase by nearly VND 5,285 billion, from VND 40,657 billion to VND 45,942 billion.

At Saigon-Hanoi Securities Joint Stock Company (SHS) – where Mr. Do Quang Vinh serves as Chairman of the Board, the company reported impressive results for the second quarter of 2025, with operating revenue reaching VND 694 billion, a 16% increase compared to the same period last year. After deducting taxes and fees, the company’s post-tax profit stood at VND 383 billion, an 8% increase year-over-year.

For the first six months of 2025, operating revenue and pre-tax profit reached VND 1,255 billion and VND 789 billion, respectively, fulfilling 58% of the full-year profit plan.

As of the end of the second quarter of 2025, SHS’s FVTPL portfolio included VND 5,378 billion in stocks, comprising VND 288 billion in VPB stocks, VND 178 billion in TCB stocks, VND 427 billion in GEX stocks, VND 253 billion in FPT stocks, VND 98 billion in HPG stocks, and VND 4,135 billion in other stocks.

Additionally, as of the same period, SHS held VND 3,053 billion in bonds and VND 733.3 billion in money market instruments. On the other side of the balance sheet, SHS’s total liabilities increased by 118% from the beginning of the year to VND 6,143 billion.

For the year 2025, SHS plans to distribute a 20% dividend in cash and shares, including a 10% cash dividend (VND 1,000 per share), amounting to over VND 813 billion. Additionally, a 5% stock dividend will be issued to pay the 2023 dividend, and another 5% stock dividend will be used to increase charter capital from owner equity. If these issuances are successful, SHS’s charter capital will increase from over VND 8,132 billion to more than VND 17,076 billion.

In April 2025, the securities company finalized its list of shareholders to implement a 10% cash dividend payment for the year 2024, totaling over VND 830 billion.