Kafi Targets March 2027 Listing and VND 3 Trillion Profit by 2030
Vietnamese securities firm Kafi has applied to offer 125 million shares to the public, aiming to raise VND 1.875 trillion. The application awaits regulatory review. Kafi plans to seek a Ho Chi Minh Stock Exchange listing after the offering and targets VND 3 trillion in profit by 2030.
Kafi (Kafi Securities Joint Stock Company) has filed to offer 125 million shares to the public at VND 15,000 per share. If all shares are sold, it expects to raise VND 1.875 trillion. The application is awaiting review by Vietnam’s State Securities Commission. The company expects to complete the offering in December 2026, then apply for a listing on the Ho Chi Minh Stock Exchange, targeting March 2027.
Under the plan approved by shareholders, 70% of the proceeds, approximately VND 1.312 trillion, will go toward margin lending. The remaining 30%, approximately VND 563 billion, will be used for proprietary investments, mainly in fixed-income assets. Kafi said the capital increase would also expand its capacity for margin lending. Its charter capital has risen from VND 1 trillion to VND 7.5 trillion in three years.
Kafi plans to offer 125 million shares to the public and expects to raise VND 1.875 trillion.（VietVance）
A Kafi representative said the company’s profit in the first nine months of 2026 had exceeded its full-year 2025 profit, but gave no specific figure. In the third quarter of 2026, brokerage revenue fell by more than 53% year on year, while interest income from loans and receivables rose 52%. The company plans to continue developing its brokerage, margin lending, fixed-income product and investment banking businesses, and has set a target of VND 3 trillion in profit by 2030.
Kafi shares have traded on UPCoM since September 9, 2026. The company said it must first complete the public offering and meet listing requirements before applying to move to the Ho Chi Minh Stock Exchange. It expects a listing there to broaden its investor base.
Source: VietVance
