Sacombank outlines growth push. AlgolabX raises target for Saigon Thuong Tin stock

Saigon Thuong Tin Commercial Joint Stock Bank (VN000000STB4) is pursuing restructuring, technology upgrades and a new growth model, while AlgolabX raised its target for Saigon Thuong Tin stock from VND 70,000 to VND 80,000 on September 29, 2026. The latest company-related update came on October 14, 2026, when Chief Executive Officer Loic Faussier described the bank's transformation priorities in an interview carried by Stockbiz.

Growth plan reaches VND 15,000 billion

The bank's financing plan adds a major capital component to that strategy. On October 2, 2026, Stockbiz reported that Sacombank had approved a public bond plan of up to VND 15,000 billion, split between seven-year and 10-year maturities. The proceeds are intended to expand operating capital and repay maturing obligations.

The same report said net operating income reached VND 17,488 billion in the first half of 2026, while profit after tax stood at VND 2,933 billion. Those figures represented 52.3 percent and 45.3 percent of the bank's full-year plan, respectively, giving the financing decision a direct link to balance-sheet capacity and earnings execution.

What does the target mean?

Algolab said its September 29, 2026 update moved the target from VND 70,000 to VND 80,000 and kept a Hold view. The target change contrasts with the bank's recent earnings pressure. In the second quarter of 2026, pretax profit was VND 2,030 billion, down 44.5 percent from the same quarter of 2025, while provision expense rose 542.7 percent to VND 7,119 billion, according to Stockbiz.

Three dated steps in the plan

On September 18, 2026, Sacombank appointed Nguyen Xuan Vu as vice chairman, while first-half pretax profit reached VND 4,136 billion, down 43.6 percent year over year. On September 29, 2026, AlgolabX raised its target from VND 70,000 to VND 80,000. On October 2, 2026, the public bond proposal set a maximum size of VND 15,000 billion.

Next reporting date

Investing.com lists November 3, 2026, as the next earnings reporting date for Sacombank, giving investors a scheduled checkpoint for the restructuring and funding strategy.

Valuation stays tied to execution

Algolab reported a market capitalization of VND 118.4 trillion and a 52-week range of VND 46,000 to VND 78,200 as of October 16, 2026. The range places the raised VND 80,000 target above the latest reported high, so the next results will matter for whether the growth plan is matched by improving profitability.

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