Sacombank (STB) is planning to invest in or acquire a securities company to become a subsidiary, aiming to increase income from investment services with an expected ownership rate of over 50%, and a total investment cap of 1.5 trillion VND. Currently, Sacombank is the largest shareholder of SBS securities company (SBS) with nearly 13.8% ownership. Established in 2006, SBS has a charter capital of about 1.5 trillion VND. Facing market difficulties, SBS targets revenue of about 100-120 billion VND in 2025, down from the previous year. On April 22, despite market challenges, SBS stock soared 13.6%, while STB stock also turned around slightly.
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