DNSE Securities will hold its General Meeting of Shareholders on April 16.

DNSE will hold a General Meeting of Shareholders on April 16 to discuss a plan to pay a cash dividend of 5%, while also setting a profit target of doubling last year.

The 2024 DNSE Securities Annual General Meeting of Shareholders will take place online and in person at Novotel Hanoi Hotel (No. 2 Thai Ha, Hanoi).

According to the business plan submitted to the Congress, in the most positive scenario, DNSE targets total revenue in 2024 including operating revenue, financial revenue and other revenue at VND1,390 billion, an increase of 88% compared to the previous year. In this scenario, the digital securities company plans to have a maximum after-tax profit of VND445 billion, nearly double the previous year.

In the neutral scenario, DNSE expects to achieve VND1,119 billion in total revenue and VND335 billion in profit, up 51% and 46%, respectively. In the least positive scenario, the company is expected to earn VND868 billion in total revenue, up more than 17%, and a minimum after-tax profit of VND170 billion, down 26%.

Looking back at the 2023 business results, DNSE achieved operating revenue of VND 714.5 billion, an increase of 58% compared to 2023. Profit after tax reached VND 229 billion, three times higher than 2022.

In particular, regarding the profit distribution plan, the DNSE Board of Directors will submit to the General Meeting a plan to pay cash dividends at a rate of 5% of charter capital, equivalent to VND 165 billion. The payment period shall not exceed six months from the date of the end of the Annual General Meeting of Shareholders. In 2022, DNSE also paid cash dividends to shareholders at a rate of 2%.

DNSE Securities office. Photo: DNSE — DNSE Securities office. Photo: *DNSE*

DNSE also plans to list the stock code DSE on the HoSE in 2024. On March 12, the Ho Chi Minh City Stock Exchange also announced the receipt of the listing application for 330 million shares of DNSE Securities, equivalent to a charter capital of VND 3,300 billion.

Previously, DNSE successfully completed the initial public offering of 30 million shares at a price of VND30,000 per share. Based on the IPO price, DNSE's capitalization will reach VND9,900 billion when listed on HoSE.

According to DNSE, the market P/E valuation is expected to improve from 13.9 at the end of 2023 to 15.1 and EPS growth will be 15%. Therefore, the reasonable point range of VN-Index in 2024 is in the range of 1,295-1,357 points. This growth is supported by many positive macro factors. Therefore, the profits of listed enterprises are expected to grow by about 15% in 2024.

To achieve the set plan, DNSE's Board of Directors aims to take advantage of the technology product ecosystem in securities and the multi-channel customer access network to attract a new wave of investors and seize growth opportunities.

Thao Van

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