Investors watch stock indices. Photo tinnhanhchungkhoan.vn Achieving pre-tax profit of 534 billion VND (23.3 million USD) last year, VietDragon Securities Co (VDS) sets a pre-tax profit target of 504 billion VND thisyear, down 5.5 percent. This plan is based on the forecast that VN-Index thisyear fluctuates around 1,340-1,750 points and the average liquidity is 25trillion VND to 30 trillion VND per session.
FPT Securities Joint Stock Company (FTS) sets a revenue target of 1.09 trillionVND this year, down 3.7 percent year-on-year and pre-tax profit down 6.3 percent,to 680 billion VND. Viet Capital Securities (VCI) approved the plan withrevenue of 3.24 trillion VND, down 13 percent and pre-tax profit of 1.9trillion VND, a slight increase of 2.7 percent compared to 2021.
Some other securities companies have set more optimistic targets.
Thanh Cong Securities Joint Stock Company (TCI) set a profit target of 222billion VND, up 2.3 percent.
Smart Invest Securities (AAS) expects revenue to reach 1.2 trillion VND, up 25 percent,profit after tax is estimated at 480 billion VND, up 27 percent. Phu Hung Securities(PHS) plans to achieve revenue of 604 billion VND and profit after tax of 160.5billion VND, up 19 percent and 14 percent, respectively from the previousyear's results.
After restructuring and witnessing strong growth, Tien Phong Securities (TPS)sets a revenue target of 1.98 trillion VND, profit before tax of 500 billionVND, up 46 percent and 85 percent, respectively compared to 2021.
Securities companies forecast that the stock market is still an investmentchannel to attract investors, but organisations and individuals have to focusmore on recovering and promoting production after the pandemic.
According to Viet Capital Securities (VCI), the VN-Index will reach 1,550points by the end of 2022.
Nguyen Mien Tuan, Chairman of the Board of Directors of Viet Dragon Securities(VDS), said that inflation exploded around the world and spread to Vietnam,thereby affecting the stock market. Not to mention, the stock price level is ata high level, which is not favourable for the proprietary trading of securitiescompanies.
According to Tuan, in the current conditions, the proposed plan is positive."We will try our best to fulfil the plan,” Tuan said.
Tran Son Hai, General Director of Tien Phong Securities Co., the full-yearprofit plan seems to be modest compared to the results of the first quarter of 300billion VND.
“After June, when the company has finished raising capital, it can adjust theprofit plan accordingly,” Hai said.
“In addition to revenue from consulting services for bond issuance, Tien PhongSecurities will promote segments such as stock brokerage, warrant offering,derivatives trading as well as proprietary trading,” he said.
Many securities companies have planned to raise capital. In previous years, asecurities company would be unlikely to have a capital of 1 trillion VND, nowthere are companies with the capital size of a mid-sized bank, such as SSISecurities at 15 trillion VND and VNDirect Securities with 12 trillion VND.
Many small securities companies also plan to increase capital. Smart Investwants to increase to 5 trillion VND, DNSE Securities to 3 trillion VND, and APGSecurities to 4 trillion VND.
It is not possible to take the performance results of a year with manyfavourable conditions to set a step-by-step plan for the following years.
As for AAS, it is expected that the entire amount of money raised will beallocated to the company's activities, including investing in valuable papersin the market, margin trading and securities underwriting and issuanceactivities.
Securities companies are actively adding financial capacity, because, inaddition to increasing the ability to provide margin, it also opens up businessopportunities in other areas, with many other products./.
VNA
