Saigon Thuong Tin Commercial Joint, VN000000STB4

Algolab raises target for Sacombank stock from VND 70,000 to VND 80,000

Published on 10/12/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SSI sees VND 2.00 trillion pretax profit in third-quarter 2026, down 45.00 percent. For Sacombank stock, provisions reached VND 5.095 trillion.

Key points in brief

Algolab raised its Sacombank target from VND 70,000 to VND 80,000 on September 29, 2026.
SSI projected VND 2.00 trillion in pretax profit for the third quarter of 2026, down 45.00 percent year over year.
Six-month 2026 pretax profit reached VND 4.10 trillion, down 43.60 percent year over year.
VCBS forecast 2026 pretax profit of VND 11.638 trillion, up 53.00 percent year over year.

Saigon Thuong Tin Commercial Joint, VN000000STB4, Illustration mit AI erstellt.

Algolab raised its target for Sacombank stock from VND 70,000 to VND 80,000 on September 29, 2026, while retaining a Hold view. The higher target meets a weaker earnings picture, with provisions and asset quality shaping the bank's near-term valuation.

Three dated signals for Sacombank

On September 16, 2026, CafeF reported that six-month 2026 pretax profit reached VND 4.10 trillion, down 43.60 percent year over year. The same report put annualized provisions at 3.20 percent of loans in the second quarter, versus 1.30 percent in the first quarter.

On September 29, 2026, CafeF said VCBS expected Sacombank to resolve VND 3.00-4.00 trillion of Bamboo Airways debt in the second half of 2026. VCBS forecast 2026 pretax profit of VND 11.638 trillion, up 53.00 percent year over year, assuming recoveries generate exceptional income.

On September 30, 2026, CafeF reported that MBS included STB among six stocks selected for October. Its Sacombank thesis centered on potential recovery from 32.50 percent of the shares linked to former chairman Tram Be.

What does the forecast mean?

VnEconomy reported on September 30, 2026, that SSI estimated third-quarter 2026 pretax profit at VND 2.00 trillion, down 45.00 percent year over year and 2.00 percent quarter over quarter. The forecast makes provisions the key counterweight to the VND 80,000 target, because a recovery in distressed assets must offset current credit-cost pressure.

Listing and business profile

Saigon Thuong Tin Commercial Joint Stock Bank trades under ticker STB.VN on HOSE in Vietnam and operates in the financials sector. External reference data identify the bank with ISIN VN000000STB4 and quote VND as its trading currency.