There is still a month left until the third quarter financial report season, but many securities companies have continuously updated their business situation with results exceeding expectations.
SSI Securities said that by the end of August, the parent company's own pre-tax profit reached more than 1,872 billion dong. This number exceeded the plan set for the whole year. This leading company previously approved a plan of consolidated pre-tax profit of VND 1,870 billion, the highest profit among listed securities companies. Reaching the finish line soon, this securities company is highly likely to set a new record in profit when the time to the end of the year is still one-third of the way.
Also completing the full-year business plan early, after 7 months, VNDirect Securities (VND) recorded more than VND 2,200 billion in operating revenue, of which the main revenue from securities services accounted for more than half. Deducting regular expenses, the company reported a net profit of more than 1,000 billion dong, up 182% over the same period last year. This figure has exceeded 20% of the profit plan for the whole year.
On the momentum of good business, VNDirect's management decided to raise this year's business plan. Specifically, the target of annual operating revenue will be raised to more than VND 3,950 billion and profit after tax to VND 1,600 billion, up 55% and 82% respectively compared to the original plan. If completed, VNDirect's full-year profit will be 2.3 times higher than last year and this is the first year this securities company has reported a trillion-dollar profit.
Not only big companies do good business, on a smaller scale, SmartInvest Securities (AAS) also exceeded profit plan after 8 months. This company announced revenue of nearly 470 billion dong and pre-tax profit of more than 100 billion dong. Compared to the plan of 4.8 billion VND for the whole year, the actual profit achieved after 8 months far exceeded expectations. Following this momentum, SmartInvest's management decided to adjust its pre-tax profit plan to VND 200 billion, 42 times the initial target.
Previously, a number of securities companies had reached their profit targets in the second quarter. BIDV Securities (BSC) reported that it exceeded 20% of the whole year plan with 216 billion dong of semi-annual pre-tax profit. Smaller companies like Tri Viet Securities (TVB) reported profit after tax of 163 billion dong, 63% higher than the year plan. It is expected that at the upcoming extraordinary meeting, TVB will submit to shareholders to adjust its full-year business plan with the target of double profit after tax, reaching 200 billion dong.
Trading at a securities company in District 1 (HCMC). Photo: Quynh Tran
The record of nearly 620,000 new accounts opened in the first 6 months of the year is considered the basis for a series of companies reporting huge profits. In July, the number of new domestic individual investor accounts opened monthly increased by more than 101,000 accounts, more than 3 times the average monthly new opening in 2020.
Securities are being considered an attractive investment channel when bank savings interest rates are still low, gold has many unusual price movements, real estate is quiet because of the pandemic and potential digital investments. hidden risks.
In recent reports, securities companies hold a positive view on the growth prospect of Vietnam's stock market in the medium and long term.
With many advantages in the context of a strong increase in the number of new accounts opened and high market liquidity, Mirae Asset Vietnam Securities expects that the business activities of the group of companies in the same industry will have many advantages. and a high probability of completing the growth and profit targets this year.
According to vnexpress
