Military Commercial Joint Stock Bank, VN000000MBB5

VPBS keeps Buy rating on Military Commercial Joint Stock Bank stock

Published on 10/09/2026 at 12:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VPBS sees VND 25,400 for Military Commercial Joint Stock Bank stock. First-half profit rose 27.10 percent to VND 20.188 trillion.

Key points in brief

VPBS maintained a Buy rating and a VND 25,400 target for Military Commercial Joint Stock Bank stock on September 30, 2026.
Six-month 2026 pre-tax profit rose 27.10 percent to VND 20.188 trillion.
MBB traded at VND 19,000.00 on HOSE on October 9, 2026, while its market capitalization was VND 197.9 trillion in September 2026.

Military Commercial Joint Stock Bank, VN000000MBB5, Illustration mit AI erstellt.

Military Commercial Joint Stock Bank (VN000000MBB5) traded at VND 19,000.00 on HOSE at 1:30 p.m. ICT on October 9, 2026, up 0.53 percent from VND 18,900.00. According to Nguoi Quan Sat on September 30, 2026, VPBS maintained a Buy rating and a VND 25,400 target for the stock.

Capital reaches VND 100.687 trillion

Military Commercial Joint Stock Bank completed two capital-raising steps in 2026. According to Nhip Song Kinh Doanh, the bank issued 1.21 billion shares as a 15.00 percent stock dividend in August and distributed 805.5 million shares in its rights offering on September 23, 2026.

The September 29, 2026 report put MB's charter capital at VND 100.687 trillion after the two transactions, up from VND 80.550 trillion. The bank also raised VND 8.055 trillion through the rights offering at VND 10,000.00 per share, according to Nhip Song Kinh Doanh.

What does the capital raise change?

The larger equity base gives the bank more room to support balance-sheet expansion, but it also increases the share count. MB had more than 10 billion shares outstanding after the offerings, compared with more than 8 billion before them, while its total assets reached VND 1.73 quadrillion on June 30, 2026.

Operating momentum remained visible in the latest reported period. Vietnam.vn reported that consolidated pre-tax profit rose 27.10 percent to VND 20.188 trillion in the first six months of 2026. Second-quarter pre-tax profit reached VND 10.560 trillion, up 40.70 percent from the same period of 2025.

Stock stays 35.59 percent below its high

MBB's VND 19,000.00 price on October 9, 2026 stood 35.59 percent below its VND 29,500.00 52-week high and 1.88 percent above its VND 18,650.00 52-week low. The September 2026 market capitalization was VND 197.9 trillion, according to the State Securities Commission listing data.

For valuation context, VPBS forecast 29.90 percent credit growth for 2026 and a 21.00 percent return on equity, while identifying higher provisioning costs as a counter-factor. The target of VND 25,400.00 is 33.68 percent above the October 9 price, using the same currency.