Finally, I found the issue ! I want to give here my troubleshooting, it may help someone...
I was quite sure the issue was related to how the image is generated after VRAM.
If you check the schematic, VRAM is working by pair : one pair for odd column, one pair for even column.
First I realized my Saba Videochanel is close to Luxor schematic from veswiki.
So I pushed investigation on component E6 (74LS195, see schematic extract) which is a shift register that is mixing odd/even line for the foreground items (score, ball, pong bars, red contour).
I was expecting on pin 9 some kind of square signal (this pin is used to load the register) but I saw what you can see on scope.jpg
Clearly not good, not a signal expected on a logic component !
Then I checked the trace to find where it comes from and I found bridge ! See picture.
What is strange is that this bridge seems factory (like the PCB was not correcly manufactured).
Bridge removed and... tadaaa !
Thank you again for your help, especially the wiki/schematic.
Hope this could help anyone... now let's play