SSI’s annual general meeting in HCM City on Friday approved many important plans (Photo: VNA) HCM City (VNA) - SaigonSecurities Incorporation (SSI) targets pre-tax profits of 1.615 trillion VND (70.8million USD) on revenues of 3.41 trillion VND (149.56 million USD) this year,year-on-year increases of 12 percent and 15 percent.
At its annual general shareholders meetingin Ho Chi Minh City on April 20, the company also laid out its medium- andlong-term business strategies for each of its areas of business like securitiesservices, treasury, investment banking, and asset management.
Shareholders approved a change in thecompany’s name to SSI Securities Corporation.
The company’s rationale was that SSI was awell-known brand in the domestic and international financial markets.
Last year it was selected by Forbes Vietnamas the only securities company among Vietnam’s 40 Most Valuable Brands, withits brand valued at 26.5 million USD.
Nguyen Hong Nam, the company’s deputygeneral director, said SSI achieved high growth last year, with revenues rising19.8 percent to over 3.04 trillion VND.
Its pre-tax profit was more than 1.4trillion VND, a 23 percent rise, he said.
Its revenues from securities services were 1.328trillion VND, a year-on-year increase of 53 percent and accounting for 43.5 percentof total revenues, he said.
SSI retained its position as the leadingbrokerage on both the HCM City and Hanoi exchanges with a 15.26 percent marketshare compared to 13.04 percent in 2016.
Vietnam’s GDP growth rate is expected to be6.7 percent this year, and investment from the private and foreign sectors isexpected to increase sharply, he said.
This year is also forecast to be the peakyear for divestment and equitisation, he said.
These are positive factors that would boostthe securities markets this year, he added.-VNA
At its annual general shareholders meetingin Ho Chi Minh City on April 20, the company also laid out its medium- andlong-term business strategies for each of its areas of business like securitiesservices, treasury, investment banking, and asset management.
Shareholders approved a change in thecompany’s name to SSI Securities Corporation.
The company’s rationale was that SSI was awell-known brand in the domestic and international financial markets.
Last year it was selected by Forbes Vietnamas the only securities company among Vietnam’s 40 Most Valuable Brands, withits brand valued at 26.5 million USD.
Nguyen Hong Nam, the company’s deputygeneral director, said SSI achieved high growth last year, with revenues rising19.8 percent to over 3.04 trillion VND.
Its pre-tax profit was more than 1.4trillion VND, a 23 percent rise, he said.
Its revenues from securities services were 1.328trillion VND, a year-on-year increase of 53 percent and accounting for 43.5 percentof total revenues, he said.
SSI retained its position as the leadingbrokerage on both the HCM City and Hanoi exchanges with a 15.26 percent marketshare compared to 13.04 percent in 2016.
Vietnam’s GDP growth rate is expected to be6.7 percent this year, and investment from the private and foreign sectors isexpected to increase sharply, he said.
This year is also forecast to be the peakyear for divestment and equitisation, he said.
These are positive factors that would boostthe securities markets this year, he added.-VNA
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