Massively increase charter capital
Increasing capital is an urgent need for securities companies to meet the need for capital, supplement capital for company activities, and prepare for the "big game" of upgrading the stock market .
Accordingly, a series of securities companies have announced plans to increase capital. The proceeds from issuances of businesses are expected to be used to invest in developing information technology systems, supplement capital for self-trading and underwriting activities, and supplement capital for margin loans.
Accordingly, the State Securities Commission (SSC) has just issued a registration certificate for the public offering of more than 109.4 million shares to MB Securities Joint Stock Company (Code: MBS). Registration period is from August 21 - September 9, 2024.
In addition, MBS also plans to issue more than 28.7 million individual shares to up to 30 professional securities investors. If both of these plans are completed, MBS's charter capital is expected to increase to 5,758 billion VND.
Similarly, VIX Securities Joint Stock Company (Code: VIX) has also just been approved to issue nearly 790 million additional shares. If the issuance is successful, VIX will increase its charter capital from VND 6,694 billion to nearly VND 14,600 billion - reaching the top of securities companies with the largest charter capital.
At this year's General Meeting of Shareholders, Saigon - Hanoi Securities Joint Stock Company (Code: SHS) also approved the decision to issue a total of nearly 894.5 million shares to increase charter capital from VND 8,131.6 billion to VND 17,076. .3 billion VND. Expected implementation time is in 2024-2025 and/or after reporting/approval from relevant State agencies.
SSI Securities Joint Stock Company (Code: SSI) also plans to issue an additional 453.3 million new shares, thereby increasing its charter capital from 15,111 billion VND to nearly 19,645 billion VND, ranking first in capital scale in the market. group of securities companies.
Most companies reported positive profits
Regarding business activities of businesses, MBS Securities in the second quarter of 2024 reached 883 billion VND in revenue, an increase of 120% over the same period last year. Profit after tax reached nearly 217 billion VND, up 75% over the same period last year and is a record high quarterly profit in operating history.
According to MBS's explanation, the positive business results of the second quarter are due to the sharp increase in the value and volume of securities transactions in the entire market over the same period, helping to support the brokerage and lending segment.
Cumulatively in the first 6 months of the year, MBS's operating revenue reached 1,557 billion VND, an increase of 111% over the same period in 2023; pre-tax profit of 500 billion VND, an increase of 63% and completing nearly 54% of the year's plan; Profit after tax was 399 billion VND, up 63% over the same period last year.
For VIX Securities , in the second quarter, VIX recorded a significant decrease in business results compared to the same period last year. Accordingly, the company's operating revenue decreased by 45% to nearly 380 billion VND, mainly due to the result of proprietary trading activities plummeting 52% to 222 billion VND. After deducting expenses, VIX Securities reported a profit after tax of nearly 124 billion VND, a sharp decrease of 78% over the same period.
Accumulated in the first six months of 2024, VIX's operating revenue decreased by 23% to nearly 740 billion VND while profit after tax also halved to 286 billion VND and only completed 27% of the plan set for the whole year. year.
At SHS, in the second quarter of 2024, SHS achieved more than 599 billion VND in operating revenue, an increase of 94% over the same period. The self-trading segment "won big" with profits from financial investments recorded through profit/loss (FVTPL) at 376 billion VND, 3.2 times higher than the same period. In the brokerage segment, SHS also recorded a growth of 15% in the second quarter with 67 billion VND in revenue. As a result, SHS reported a second quarter profit of more than 354 billion VND, more than 2.5 times higher than the same period.
Accumulated in the first 6 months of the year, pre-tax profit recorded nearly 879 billion VND, nearly 4 times higher than the same period and 85% of the year's plan achieved. Profit after tax was 710.5 billion VND, 3.4 times higher than the same period last year.
As for the "giant" SSI, according to the consolidated financial report of the second quarter of 2024, SSI reached VND 2,307 billion in operating revenue, an increase of 37% over the same period. Profit after tax reached 848.5 billion VND, an increase of 51% compared to the second quarter of 2023. Cumulatively in the first half of 2024, operating revenue increased by 35% to VND 4,280 billion. Profit after tax increased by 51% and reached 1,613 billion VND.
As of June 30, 2024, SSI's margin loan balance reached VND 19,600 billion, an increase of 16% compared to the previous quarter and an increase of 33.5% compared to the end of 2023. Total company assets reached VND 71,108 billion. , up 2.7% compared to the end of last year.
