The market is expected to be upgraded in October
At the 2025 Extraordinary General Meeting of Shareholders (GMS) of SSI Securities Corporation (Code: SSI) held on the afternoon of September 25, in a dialogue with shareholders, Mr. Nguyen Duy Hung - Chairman of the Board of Directors of SSI gave a forecast on the upgrading results of FTSE.
Mr. Hung said: "The results of whether or not to upgrade are like a report on market health. In my opinion, the market may receive the upgrading result in early October, with a probability of over 90%. However, the upgrade is not a miracle, but there are many goals to strive for, such as meeting MSCI's criteria".
Regarding participating in opening a digital exchange, Mr. Hung said that SSI cannot stand outside any new financial trend. He emphasized: SSI is a leading financial company. Therefore, SSI cannot fall behind in any new financial field, such as digital assets. However, everything you do is based on business aspects, meaning efficiency, safety, and capital preservation".
According to him, digital assets are a field that combines traditional finance and technology, receiving special attention from young people and receiving support from the Government. SSI will cooperate with partners, playing a leading role in legal entities participating in this field, with a minimum capital requirement of VND 10,000 billion. At the same time, the company also takes into account cybersecurity risks and will develop preventive measures.
Sharing about the stock offering plan, Mr. Hung said that his number one priority is to supplement deposit lending capital, and at the same time, he has not discussed the details of the 2026 business plan but still expects a growth of 15 20% compared to last year, with the dividend maintained at about 10%.
Regarding the strengths of SSI in increasing market share, Mr. Hung emphasized three factors: Upgrading information technology, diversifying products and developing digital-sales segments. This year's brokerage market share is forecast to reach about 12%.
Increasing capital to more than VND 24,960 billion
Also at the meeting, SSI submitted a plan to offer an additional 415.6 million shares to existing shareholders at a ratio of 5:1 (owning 5 shares with 1 right to buy). The expected offering price is VND 15,000/share, the implementation period is in 20252026 or according to the decision of the Board of Directors after being approved by the State Securities Commission.
If the issuance is successful, the company will earn about VND 6,234 billion, thereby increasing the charter capital to VND 24,963.5 billion. Mobilized capital will be used to increase the scale of deposit lending and invest in bonds, deposit certificates and other valuable documents.
Previously, SSI also completed a separate sale of more than 104 million shares to professional securities investors at VND31,300/share, earning more than VND3,256 billion. The charter capital accordingly increased from VND 19,739 billion to VND 20,779 billion as of August 30. The amount of money mobilized is allocated equally to investment activities of deposit certificates and deposit loans.
According to the report at the conference, in the first 8 months of 2025, the Vietnamese stock market fluctuated strongly according to international trade developments. After a negative period at the beginning of the second quarter, the VN-Index has broken out strongly, closing in August at 1,682 points, up 32.8% compared to the beginning of the year and surpassing the historical peak in 2022.
SSI's consolidated pre-tax profit reached VND 2,300 billion, up 12.1% over the same period in 2024, completing 54% of the annual plan. In the second quarter alone, pre-tax profit increased by 13.1% compared to the first quarter, recording growth in both investment, brokerage, deposit lending and investment banking. The brokerage market share on HOSE reached 10.85%, the highest in the past 9 quarters.
Outstanding loans in the second quarter reached a record of VND 33,100 billion, up 22% compared to the first quarter and 62.5% compared to the same period in 2024, contributing to an increase in 6-month deposit lending revenue of VND 1,500 billion. In the market, SSI shares closed the session on September 11 at a peak of VND 42,450, up nearly 63% since the beginning of the year, raising their capitalization to more than VND 88,100 billion.
