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Wednesday, July 23, 2025

SSI Securities sees Q2 profit up 10%

The Saigon Times

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HCMC — SSI Securities Corporation (HOSE: SSI) reported a 10% rise in second-quarter post-tax profit to VND922 billion, supported by higher investment and lending income.

Revenue in April-June rose 30% from a year earlier to more than VND2.9 trillion. Profit from financial assets at fair value through profit or loss (FVTPL) increased 35% to nearly VND1.4 trillion. Interest from held-to-maturity investments grew 15% to VND102 billion, and lending and receivables income jumped 62% to nearly VND830 billion.

Securities depository and advisory services revenue soared 110% and 140% to VND19 billion and VND30 billion, respectively. However, revenue from stock brokering services dropped 14% to VND484 billion.

Proprietary trading profit rose 16% to nearly VND700 billion, despite a 73% increase in FVTPL-related losses to VND665 billion.

Operating expenses rose 32% to VND1.1 trillion. Financial expenses climbed 64% to VND637 billion, and administrative costs expanded 17% to VND66 billion.

In the first half of 2025, SSI reported VND5 trillion in revenue, up 20% year-on-year. Pre-tax and post-tax profits edged up 11% to VND2.1 trillion and VND1.7 trillion, respectively, meeting nearly 50% of the company’s full-year profit target.

Closing the trading session today, July 23, SSI inched up 0.78% to VND32,250, with a trading volume of over 43.8 million shares.

Vietnam’s benchmark VN-Index rose 0.18% on Wednesday, supported by gains in mid-cap stocks and higher market liquidity, while bluechip losses capped the advance. The index ended up 2.77 points at 1,512.31 points, with 203 advancers and 120 decliners.

Trading volume reached 1.5 billion shares worth VND38.2 trillion, up 16.4% in volume and 13% in value over the previous session. Block deals contributed 58.2 million shares valued at VND3.16 trillion.

The VN30-Index, which tracks the 30 largest-cap stocks, dropped 0.18% to 1,653.01 points. Losses in Vingroup-related stocks such as VHM, VRE, and VIC offset gains in 17 of the 30 stocks. VHM fell 3.46%, VRE lost 2.5%, and VIC declined 2.13%. LPB dropped 1.81%.

VJC hit its daily upper limit for the second session, closing at VND108,800. HDB rose 4.13%, the strongest gain among banks. VPB added 3.78%, and VIB rose 2.3%. VNM, GVR, SAB, and GAS also added over 1.6%.

Securities stocks advanced, with VDS and CTS closing at ceiling prices. VIX increased 4.84%, while VND and AGR gained over 1.8%. VCI dipped 0.36%.

In property and construction, SJS hit its daily ceiling price of VND140,000. HDC jumped 4.21%, ahead of VCG, which added 3.85%. HDG, SZL, and TEG picked up more than 2% each.

Steel stocks were mostly higher, except HPG, which inched down 0.19%. HSG climbed 4.71%, while NKG rose 2.77%.

SHB took the lead by liquidity with over 80 million shares changing hands, followed by VPB (74 million shares), VIX (64.6 million shares), and VND (45 million shares).

The HNX-Index inched up 1.48 points, or 0.6%, to 249.33 points, with 90 winners and 74 losers. Trading volume on the northern exchange totaled 154.2 million shares worth VND2.97 trillion.

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