{
  "id": 17043921,
  "title": "Securities firms face diverging profits in Q3 amid weak liquidity",
  "url": "https://urgent.news/2026/10/29/securities-firms-face-diverging-profits-in-q3-amid-weak-liquidity",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T09:36:46.000Z",
  "source": {
    "name": "Vietnam Investment Review",
    "slug": "vietnam-investment-review",
    "url": "https://vir.com.vn/securities-firms-face-diverging-profits-in-q3-amid-weak-liquidity-163928.html"
  },
  "original_language": "en",
  "account": "In the third quarter of 2026, securities firms are experiencing varying profits, with some reporting significant declines due to weak market liquidity. MB Securities Corporation, for instance, reported an after-tax profit of approximately $12.6 million, a 5% decrease compared to the previous year. Gains from financial assets at fair value through profit or loss rose 146% year-on-year, but losses from these assets surged to $19.2 million, negatively impacting overall performance. Revenue from securities brokerage fell 65% to $5.1 million.\n\nIn contrast, HVS Vietnam Securities Corporation saw robust growth in both revenue and after-tax profit, with after-tax profit reaching $84,000, or 3.6 times the figure from the previous year. The main revenue contributor was interest income from held-to-maturity investments, consisting entirely of deposit contracts with terms over three months. BIS Securities Corporation also reported a significant improvement, with after-tax profit increasing by over $228,000, while still posting a loss of about $60,000. BIS's revenue surged 423% to $636,000, driven by $424,000 in revenue from financial advisory services.\n\nAnalysts predict that the securities sector's Q3 business results will likely decline on-year due to high liquidity and trading value in the previous quarter, which boosted brokerage income and made comparisons more challenging. Market liquidity has fallen by 55-60% on-year, and market volatility is expected to decrease margin lending balances. However, lending balances are still projected to grow on-year, supported by additional capital raised through capital-raising exercises. Leading securities companies may report weaker Q3 results than the previous year due to declining brokerage revenue in line with market liquidity. Small and medium-sized brokerages could experience steeper declines due to their strong proprietary trading profits in the previous quarter.",
  "summary": "Securities firms face diverging third quarter earnings amid subdued liquidity and tighter margins",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}