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Saturday, June 22, 2024

Margin lending buoys profits

By Linh Trang

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With outstanding margin loans on the rise in the third quarter of 2023 due to positive sentiment among individuals at home in the context of falling interest rates, securities as an investment channel have proven to be more attractive than bank deposits. Outstanding loans increase in Q3 Outstanding margin loans at securities companies had amounted to an estimated VND165 trillion by the end of the third quarter, up by VND15 trillion against the end of the second quarter and up by VND43 trillion versus early this year, data showed. However, Q3 results were VND35 trillion lower than the record set at the end of the first quarter last year. This is the first time in more than a year that six securities companies have reported outstanding margin loans of over VND10 trillion. VNDirect and HSC made a comeback while Mirae Asset Securities, SSI, TCBS, and VPS maintained their outstanding loan levels above VND10 trillion. In general, most securities firms recorded positive growth in their outstanding margin loans by the end of the third quarter compared to the end of the second quarter. Among the top 10 securities companies in the market based on their outstanding margin loans, all but VPS […]
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