Stanley Brothers Securities Plans to Exit Losses

Entering 2025, Stanley Brothers Securities plans to escape losses with a target revenue of VND 80 billion and after-tax profit of VND 15 billion.

Stanley Brothers Securities Joint Stock Company (SBSI, code VUA) has just announced the documents for the 2025 Annual General Meeting of Shareholders with the goal of making a profit this year.

Stanley Brothers has two consecutive years of business losses in 2023 and 2024. Specifically, in 2023, the Company lost 64.5 billion VND and in 2024 continued to lose 28.6 billion VND. SBSI said that the financial market fluctuated with many risks in 2024, the Company's business results did not meet the expectations and plans assigned by the General Meeting of Shareholders. The Company's operating revenue in 2024 was 20.2 billion VND, reaching 25.25% of the revenue plan, the Company's after-tax profit was -28.6 billion VND.

Regarding specific business activities in 2024, SBSI informed that for brokerage business activities, revenue from securities brokerage in 2024 reached 3 billion VND, down 45% compared to the same period in 2023. Revenue decreased sharply due to the market situation affecting investor sentiment, causing a sharp decrease in demand for services at the Company.

With investment banking activities, the Company develops a variety of consulting services for the current customer system, while cooperating with potential customers. Revenue from investment banking activities (including financial consulting, underwriting and issuance agency) in 2024 reached VND 0.3 billion, down 71% compared to the same period in 2023.

Regarding investment activities (proprietary trading), the Company's revenue from securities trading reached VND 14.4 billion, an increase of 50% over the same period in 2023. In 2025, SBSI plans to escape losses with the target of operating revenue in 2025 reaching VND 80 billion, after-tax profit reaching VND 15 billion.

SBSI's 2025 Business Plan.

SBSI's Board of Directors believes that 2025 will continue to be a challenging year, but at the same time, it will be an opportunity for the Company to innovate and develop. This year, the Company will promote business activities, develop preferential policies, attract customers, improve product quality, build more products suitable for target customers, search for and develop a customer network system, optimize processes and apply technology in customer support management.

In addition, the Company seeks safe investment opportunities, expands investment scale. Improves management capacity, ensures safety and compliance during operations. In addition, the Company will properly implement governance regulations in accordance with the law; transparently and publicly disclose information to shareholders.

According to the draft documents of the Congress, the Company's Board of Directors has submitted a proposal for approval of the investment plan. Specifically, no more than 70% of equity capital will be invested in stocks, capital contributions and business projects, of which no more than 20% of equity capital will be invested in unlisted stocks, capital contributions and business projects.

Investment in corporate bonds must not exceed 70% of equity, and no investment in corporate bonds that have experienced a bond default event (according to SBSI's assessment, regardless of whether the default event has been declared or not). Investment must not exceed 20% of the total outstanding shares of a listed organization. Investment must not exceed 15% of the total outstanding shares of an unlisted organization. Investment must not exceed 15% of equity in an organization or business project.

Source: https://baodautu.vn/chung-khoan-stanley-brothers-len-ke-hoach-thoat-lo-d251035.html