VPBankS sees Sacombank profit down 49.9 percent: Sacombank stock sits 20.51 percent below its high

Sacombank stock sat 20.51 percent below its VND 79,000 52-week high after VPBankS projected third-quarter net profit of VND 1,453 billion, down 49.9 percent year over year. The forecast was published on October 9, 2026, while the bank is also building capital through a planned bond program.

Investing.com reported that VPBankS expects Sacombank to be the only bank in its monitored group with lower third-quarter profit. The forecast points to restructuring costs, elevated bad debt and provisioning pressure as the main constraints, while full-year net profit was projected at VND 7,750 billion, up 30.5 percent from 2025.

Three financing dates shape the story

On September 30, 2026, Sacombank raised VND 2,000 billion through a six-year bond issue carrying a fixed 9.6 percent interest rate. On October 7, 2026, it paid VND 1,500 billion of principal and VND 90 billion of interest on bond STBL2426003. On October 9, 2026, VPBankS projected third-quarter net profit at VND 1,453 billion, a 49.9 percent year-over-year decline. The repayment and issuance figures come from Stockbiz, while the forecast comes from Investing.com.

What does the bond plan mean?

The answer is scale. Sacombank approved a public bond plan worth up to VND 15,000 billion on September 29, 2026, split between seven-year and ten-year maturities. The proceeds are intended to increase tier-two capital and support lending, but the plan also adds funding obligations while asset quality remains a central earnings issue. In the first six months of 2026, profit before tax was VND 4,136 billion, down 43.6 percent year over year, while after-tax profit was VND 2,931 billion, down 49.4 percent, according to the figures carried by Nhip Song Kinh Doanh.

Next reporting date is November 3

Sacombank's next earnings date is listed as November 3, 2026. That release should provide the first reported comparison with the VND 1,453 billion third-quarter forecast and show whether provisioning pressure has eased.

Stock stays below its yearly high

On HOSE, Sacombank closed at VND 62,800 on October 15, 2026. The recorded 52-week range was VND 45,950 to VND 79,000, leaving the stock 20.51 percent below the upper end.

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