Tien Phong Securities Corporation (TPS, ticker: ORS) has informed Ho Chi Minh City Stock Exchange (HOSE) that it has addressed the reasons leading to its stock being placed under warning. Previously, ORS was warned on April 16, 2025, due to an adverse opinion from its auditor Ernst & Young Vietnam regarding a significant receivable balance. By June 30, 2025, the company has settled this receivable and reported no balance remaining. On August 14, 2025, TPS released its reviewed financial statements for the first half of 2025, which received full approval from auditors, requesting HOSE to lift the warning on ORS shares. In trading on August 25, ORS shares surged and briefly hit the ceiling, but the company is still grappling with instability as it reported a 48% revenue drop for Q2 2025 and a net loss of 105.5 billion VND. Recently, TPS has also changed its management with Ms. Nguyen Thi Ngoc Thao assuming the role of Head of the Board of Directors Office and Management Responsible from August 22, 2025.
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