Orient Securities Corp.

Orient Securities Corp.

HHOSE:ORS
16,000.00
VND
+400.00
(+2.56%)
8.42TMarket Cap
Orient Securities Corp.
HOSE:ORS
(Ho Chi Minh Stock Exchange)

Recent

price

16,000.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
385.39
3,497.35
5,220.58
5,170.66
5,472.04
4,126.09
3,203.52
911.24
- -
Revenue per Share
-340.42
1,117.41
1,218.37
1,108.87
519.83
1,020.18
1,135.27
351.85
- -
Basic EPS, GAAP
-12,126.41
-1,585.29
-9,554.07
-17,057.24
-3,091.42
-27.27
-11,733.72
5,846.78
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1,816.23
5,196.36
7,360.28
8,322.14
8,841.96
9,717.52
11,667.93
12,241.84
12,503.36
Book Value per Share
1,813.82
5,195.54
7,331.72
8,281
8,810.45
9,683.81
11,642.53
12,219.28
12,476.04
Tangible Book Value per Share
31
49
73
190
261
224
334
337
552
Basic Weighted Avg Shares
12,070
170,157
382,496
982,423
1,428,202
924,245
1,069,777
306,895
- -
Sales/Revenue/Turnover
-65.39
25.41
34.91
37.05
23.67
58.81
72.44
173.5
- -
Operating Margin (%)
300
696
1,168
5,728
13,926
8,773
5,311
6,529
- -
Depreciation Expense
-10,662
54,366
89,266
210,684
135,675
228,520
379,111
118,499
- -
Net Income, GAAP
- -
- -
13.93
22.36
23
19.38
21.26
19.66
- -
Effective Tax Rate (%)
-88.33
31.95
23.34
21.45
9.5
24.73
35.44
38.61
- -
Profit Margin (%)
49,918
250,722
1,934,912
4,140,118
5,227,340
5,481,863
6,867,643
11,930,165
10,749,499
Working Capital
- -
- -
1,000,000
2,000,000
3,000,000
3,000,000
3,000,000
4,328,000
3,000,000
LT Debt
56,884
271,250
960,516
2,172,077
2,307,752
2,536,272
3,920,423
7,638,061
7,801,233
Total Equity
- -
- -
7.14
6.32
2.58
2.54
4.19
0.97
- -
Return on Invested Capital (%)
- -
- -
11.12
10.65
7.96
9.33
9.1
4.61
- -
Return on Capital (%)
- -
33.14
14.49
13.45
6.06
9.44
11.74
2.05
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,046,000
2,297,117
2,666,895
LT Borrowings
4,328,000
4,000,000
3,000,000
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
624
624
624
Market Capitalization
8,204,691
8,204,691
8,423,067

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
14,296,527
14,562,827
15,213,070
Cash, Cash Equivalents & STI
9,356,067
7,019,330
8,042,481
Accounts Receivable, Net
3,341,689
4,571,536
5,205,505
Inventories
- -
- -
- -
Total Current Liabilities
2,366,362
2,945,245
4,463,571
Payables & Accruals
- -
- -
- -
ST Debt
2,046,000
2,297,117
2,666,895
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
58.34%
94.83%
Free Cash Flow
- -
12,814.9%
-150.25%
Net Income, GAAP
- -
33.2%
-68.74%
Sales/Revenue/Turnover
- -
22.27%
-71.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
166,903
388,097
409,781
55,234
1,069,777
2025
-23,254
-121,024
- -
151,118
306,895
2026
109,954
195,778
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
269
346
414
211.2
1,135.27
2025
-21
-314
- -
157
351.85
2026
54
207
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Tien Phong Securities Corporation, formerly known as Orient Securities Corporation (HOSE: ORS), is a Vietnam-based financial services firm engaged in securities brokerage, investment banking, proprietary trading, and financial advisory. Founded in 2006 and headquartered in Ho Chi Minh City, Vietnam, the company operates as the specialized investment and securities division affiliated with the Tien Phong Commercial Joint Stock Bank (TPBank) ecosystem, serving individual retail investors, institutional funds, and corporate enterprises across Vietnam. The company conducts its business across four primary operational divisions: Brokerage and Securities Services, Investment Banking, Proprietary Trading, and Financial Consultancy. Its comprehensive product and service portfolio comprises equity, bond, and derivative brokerage execution; securities depository, settlement, and custody administration; margin lending and securities-backed financial leverage; corporate bond origination, underwriting, and private placement distribution; equity underwriting and initial public offering (IPO) advisory; corporate restructuring, capital structuring, and listing consultancy; mergers and acquisitions (M&A) advisory; proprietary investment management across listed equities, corporate debt instruments, and money market assets; and wealth management services powered by digital platforms including TPS Mobile and TPS Web Trading. In recent developments, the company completed major charter capital increases through public equity offerings and rights issues to substantially scale its margin financing capacity and strengthen its institutional underwriting balance sheet. As part of its strategic transformation following its rebranding under the TPBank (TPS) ecosystem and its listing migration to the Ho Chi Minh Stock Exchange (HOSE), the company has accelerated digital platform modernization, introducing automated trading infrastructure, digital onboarding (eKYC), and integrated financial solutions in synergy with TPBank's banking network. Additionally, the firm has expanded its corporate debt advisory division to structure tailored bond financing programs for prominent corporate issuers while diversifying its institutional client offerings and expanding its regional coverage through enhanced branch operations in Hanoi and Da Nang.