Saigonbank (SGB VN): Bonus issue
The bank has been balloting its shareholders for a bonus issue of over 22 million shares, equivalent to 1,000:65 ratio. In H1 2025, the bank reported EBT of VND175 billion (about USD6.7 million, up +5% YoY), thanks to high growth of non-interest income, completing 58% of the profit target. SGB VN was last traded at VND13,100 per share on 15th October 2025, hence 51x P/E and 1x P/B.
PV Trans Pacific (PVP VN): Cash dividend declared
The firm declared cash dividend of VND1,000 per share with November 28th as the Settlement date. End of H1, PV Trans (PVT VN) – the parent company, was holding directly 64.9% interest. Vietcombank (VCB VN) via its securities arm held 1.6% interest but divested completely earlier this year. PVP VN closed at VND15,100 per share on 15th October 2025, thus 8.2x P/E and 0.8x P/B.
WinCommerce of Masan Group (MSN VN): Record high revenue in Q3
9M YTD, the retail platform made revenue of over VND28.5 trillion (about USD1.08 billion, up +17% YoY), already outperforming the base case target (i.e. 8 – 12%), thanks to 464 new stores opened nationwide this year. At the end of September, there were nearly 4,300 retail stores including WinMart (supermarkets) and WinMart+ (convenience stores). MSN VN closed at VND82,500 per share on 15th October 2025, resulting 42.1x P/E and 2.8x P/B.
Coteccons (CTD VN): Plans to offer corporate bonds for refinancing
The construction contractor announced its corporate bond issue with total value of up to VND1.4 trillion (about USD53.2 million), expected to be in late-2025 or early-2026. These bonds will have 3-year tenor, fixed coupon rate of 9% p.a. paid semi-annually, will be secured by collateral and embedded with both call and put options, exercisable after 12 and 24 months. Proceeds will be used 100% for refinancing. The top management also revealed an increase of VND45- 50 trillion (about USD1.7-1.9 billion) in backlog value in the last quarter. CTD VN closed at VND83,500 per share on 15th October 2025, thus 26.5x P/E and 0.9x P/B.
Taseco Land (TAL VN): Dragon Capital keeps buying
Funds represented by Dragon Capital collectively bought another 450,000 TAL VN shares, effectively increasing its ownership from 7.9% to 8%. Meanwhile, two individual insiders who are related parties to DCEOs, registered to sell 20,000 and 57,800 shares, respectively. Taseco Land has not disclosed its Q3 results yet. TAL VN closed at VND50,200 per share on 15th October 2025, meaning 22.7x P/E and 3.1x P/B.
