BSC Securities aims for a profit of 700 billion VND in 2026.

BSC aims for a pre-tax profit of VND 700 billion in 2026, a 14% increase compared to 2025.

BIDV Securities Joint Stock Company (BSC - ticker BSI) has just announced the documents for its 2026 annual general meeting of shareholders, outlining important items to be presented to shareholders. The BSC annual general meeting is scheduled to be held on April 22nd in Hanoi.  

Looking ahead to 2025, BSC predicts increased liquidity in the stock market. The average trading value per session will reach VND 29,328 billion, a 39.1% increase compared to 2024. However, the global tightening of monetary policy and the USD/VND interest rate differential have fueled a record wave of net selling by foreign investors, reaching VND 135,000 billion in 2025.  

Although the VN-Index recovered strongly, closing at a high (1,784 points), the actual market performance still shows a clear imbalance in movement. Specifically, the market's upward momentum was mainly driven by a few large-cap stocks, while most other stock groups maintained a downward trend or weak recovery. This situation reflects the strong divergence of the market, meaning the VN-Index does not fully reflect the overall health of the economy and listed companies.

According to the BSC management report, in 2026, the international macroeconomic environment will have several positive supporting factors such as reduced global trade instability thanks to clearer direction from the United States; an expected surge in economic stimulus as global inflation decreases; and the possibility of the Fed cutting interest rates in 2025-2026. However, war and tensions in the Middle East are pushing the world into instability, while US trade policies are beginning to have a negative impact on exchange rates and global economic growth.

Domestically, the government aims for a GDP growth rate of 10% in 2026, supported by a stable macroeconomic environment and fiscal, monetary, and other policies being implemented to promote growth; inflation is under control. However, there is limited room to continue maintaining an expansionary monetary policy, and interest rates continue to face upward pressure.

Regarding the stock market, both advantages and disadvantages are present. The market sees favorable factors as Vietnam is expected to be upgraded to a Secondary Emerging Market (EM) by the FTSE, attracting long-term foreign capital inflows. The settlement cycle is expected to be shortened, with the implementation of inter-day trading, CCP (Contract for Capital Gains), and new products such as day trading and short selling. The market is expected to become more vibrant again thanks to a wave of IPOs, capital increases, strategic share sales, and exchange transfers, providing a new source of goods. At the same time, the favorable domestic economy with controlled inflation and monetary policy prioritizing growth gives the stock market room for growth compared to other investment channels.

Meanwhile, on the downside, unpredictable developments in geopolitical conflicts around the world could pose risks to the stock market. Fluctuations in US and other major countries' trade policies could reduce exports, impacting the profits of listed companies. Within the industry, competition for market share will become increasingly fierce, and transaction fees will continue to gradually decrease towards zero-fee. At the same time, increasing pressure on exchange rates in the context of maintaining low interest rates continues to be a barrier to foreign capital re-entry into the market.  

Against this backdrop, BSC still aims for a pre-tax profit of VND 700 billion in 2026, a 14% increase compared to 2025.  

At the same time, this securities company also outlined its business development roadmap for the period 2026 - 2030.  

BSC identifies capital growth and strengthening financial capacity as key solutions to overcome capital size limitations and create sufficient room to enhance competitiveness with leading securities companies. The company aims to implement an aggressive capital increase roadmap, raising equity capital to approximately double the level as of December 31, 2025, reaching over VND 11,000 billion in the 2026-2027 period through offerings to existing shareholders and/or financial investors. In the 2028-2030 period, BSC plans to further expand equity capital to approximately VND 15,000 billion through retaining annual profits.  

In parallel with its equity capital increase plan, BSC is proactively diversifying its debt financing sources by seeking and utilizing offshore loans from foreign credit institutions at competitive costs; and is ready to deploy a private bond issuance channel when market conditions are favorable.  

At the upcoming general meeting, BSC will present to shareholders a plan to issue shares to pay dividends and increase charter capital.  

The number of shares expected to be issued to pay dividends is over 24.5 million shares, with an exercise ratio of 10:1. The capital for this issuance will come from undistributed after-tax profits as reported in the audited financial statements for 2025. If approved, this issuance is expected to take place in 2026.  

Source: https://baodautu.vn/chung-khoan-bsc-dat-muc-tieu-lai-700-ty-dong-nam-2026-d557820.html