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Tuesday, October 3, 2023

HSC reports VND1 trillion in revenue in H1

The Saigon Times

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HCMC – The HCMC Securities Corporation (HSC), which trades its HCM shares on the Hochiminh Stock Exchange, posted over VND1,018 billion in revenue in the first six months of 2023, accounting for 44% of the year’s plan.

The corporation’s before-tax profit totaled nearly VND351 billion in the January-June period.

In the second quarter alone, HSC earned VND529 billion in revenue and VND196 billion in pre-tax profit, up 8% and 27% over the previous quarter, respectively.

As of June 30, the total value of HSC’s assets was VND14.2 trillion. The earnings per share in the first six months were put at VND615.

Around 99% of the total revenue of the corporation comes from margin lending, proprietary trading, and brokerage activities.

Closing the trading session today, July 21, HCM shares inched up by 1.84% over yesterday’s session to VND30,450 per share, with over 4.5 million shares changing hands.

Regarding the stock market, the VN-Index of the Hochiminh Stock Exchange added 13.09 points, or 1.12%, from the previous session to 1,185.9 points, with 348 advancers and 120 decliners.

The trade volume totaled 988 million shares worth VND20.2 trillion, up 24.03% and 23.61% in volume and value, respectively, against the previous day. Block deals contributed VND1.88 trillion with over 91.84 million shares traded.

DIG and PDR soared to the ceiling price this afternoon. Notably, DIG soared by 6.9% to a nine-month high of VND24,800 per share, with over 40.93 million shares traded.

VND took the lead by market liquidity with 41.32 million shares changing hands. VND recorded a sharp increase of 3.6% over the previous session to VND18,800 per share.

On the Hanoi Stock Exchange, the HNX-Index added 1.91 points, or 0.82%, to 234.98 points, with 116 winners and 71 losers. The total trading volume exceeded 91.78 million shares, with a value of over VND1.44 trillion.

Stocks in the HNX30 basket were the main driver of the market, with advancers doubling decliners. SLS soared to the ceiling price, while TAR surged by 4%, and IDC, VCS, PVS, and SHS increased by 1% each.

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