The trillion-dollar "capital jumps" of DSC Securities and the shadow of the 9x chairman
DSC Securities Joint Stock Company, formerly known as Da Nang Securities Joint Stock Company, was established in 2006 with an initial charter capital of only VND 22 billion. By the end of 2021, the company listed shares with the code DSC on the UpCom floor and changed its name to DSC Securities. The company's headquarters was moved to Hanoi and its charter capital also "jumped" to VND 1,000 billion.
Entering 2023, despite having increased its capital 50 times in the previous year, DSC once again increased its capital by selling 100 million shares to the public and issuing 5 million ESOP shares.
DSC Securities of 9x chairman Nguyen Duc Anh increased its capital "by leaps" 93 times in just 2 years. (Photo TL)
After this share issuance, DSC Securities' charter capital skyrocketed to VND2,048 billion, more than double that of the previous year. Compared to 2021, DSC's charter capital increased 93 times in just 2 years.
According to the current shareholder structure, NTP Investment JSC holds 34.2% of charter capital and Chairman of the Board of Directors - Mr. Nguyen Duc Anh holds 35.6%. In which, Mr. Nguyen Duc Anh is the 9x chairman who has attracted the attention of investors, and is also holding the position of Chairman and General Director of NTP Investment JSC.
In addition, Mr. Nguyen Duc Anh is also the legal representative of Thanh Cong Motor Vietnam Joint Stock Company. Thus, this 9x businessman not only holds the role of chairman of DSC Securities, but is also the chairman of another shareholder, NTP Investment.
How is DSC Securities doing?
Recently, good news for DSC shareholders was announced, the stock code DSC has been approved for listing by HoSE. Thus, 205 million DSC shares with a total value of more than VND 2,048 billion will be traded on HoSE. On UpCom, DSC shares are still maintained at VND 23,000/share.
Regarding business activities, in the first 6 months of the year, DSC Securities recorded total operating revenue of VND246.5 billion, up 27%. However, operating expenses also doubled, to VND100.5 billion. Most of the increase came from securities brokerage costs.
Financial revenue during the period increased slightly, reaching approximately VND1 billion. However, financial expenses were reduced from VND61.5 billion to VND26.9 billion. As a result, the company recorded a profit after tax of VND78.9 billion, an increase of 40.6% compared to the previous year.
As of the end of the second quarter of 2024, DSC's total assets were recorded at VND 4,305.3 billion, an increase of nearly VND 200 billion compared to the beginning of the year. The value of financial assets recorded through profit/loss (FVTPL) was VND 2,331.8 billion, an increase of 38% compared to the beginning of the year.
DSC's capital structure records nearly half of its liabilities. Of which, liabilities account for VND 2,001.6 billion, most of which are short-term loans.
Source: https://www.congluan.vn/chung-khoan-dsc-2-nam-tang-von-gap-93-lan-va-bong-dang-vi-chu-tich-9x-post314616.html
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