A series of securities companies reported profits growing by several times in the third quarter.

After a gloomy period in the first half of the year, the stock market in the third quarter became vibrant again with outstanding liquidity, averaging over VND24,000 billion/session. In addition, the number of individual investors opening new accounts also continuously set new records during the year. Accordingly, securities companies also recorded a prosperous quarter with growth rates equal to several times at some companies.

First, VIX Securities Corporation (HoSE: VIX) recorded operating revenue of VND323 billion in the third quarter, 1.8 times higher than the same period last year. Revenue mainly came from brokerage, up 44.2% to VND9.5 billion. At the same time, revenue from lending and receivables also increased 154% to VND43 billion.

In addition, the profit from financial assets recorded through VIX's profit/loss also grew by 38.3% to VND45 billion, along with a decrease in proprietary trading losses, helping VIX earn VND114 billion. In addition, the company also recorded an additional investment held to maturity (HTM) of VND43 billion, while it did not record it in the same period.

Along with that, operating expenses decreased by 7% to 68 billion VND, helping VIX receive a profit after tax increase of nearly 2.3 times compared to the same period last year to 199 billion VND.

Accumulated in the first 9 months of the year, operating revenue and profit after tax reached VND1,283 billion and VND775 billion, up 35% and 87% over the same period. This is the highest 9-month result in the past 10 years. Compared to the achieved results, the company achieved over 84% of the annual profit plan.

VIX's total assets as of the end of the third quarter reached VND8,776 billion, loans increased from VND1,793 billion to VND2,491 billion. Margin loans outstanding recorded VND2,490 billion, up 48% compared to the beginning of the year.

In the third quarter of 2023, KIS Securities ' main business segments were all positive compared to the same period. In particular, the company's operating revenue increased by 44%, reaching more than VND 787 billion.

Key operations also increased sharply, such as brokerage revenue increased by more than 80% to nearly VND137 billion, loan interest and receivables increased by 40% to VND151 billion.

In addition, profit from financial assets recorded at profit/loss (FVTPL) was recorded at VND471 billion, up 81% over the same period. Although the company's self-trading loss increased by 30% to VND408.6 billion, KIS still reported a profit of nearly VND60 billion.

As for the company's total expenses, they only increased slightly by 22%, so at the end of the third quarter, KIS Securities' after-tax profit was nearly 144 billion VND, 6 times higher than the same period last year.

In the first 9 months, the company's operating revenue reached VND1,653 billion, down 16% over the same period. However, due to a sharp decrease in operating costs, after-tax profit still increased 2.5 times to VND328.3 billion.

As of September 30, the company's total assets reached over VND9,886 billion, up 13% compared to the beginning of the year. Of which, outstanding loans accounted for nearly VND6,215 billion, up nearly VND1,300 billion compared to the beginning of the period.

According to the third quarter 2023 financial statements, FPT Securities Joint Stock Company (FPTS - HoSE: FTS) recorded VND 325 billion in revenue, a 6-fold increase over the same period. This increase mainly came from the clearly positive self-trading segment.

Specifically, the profit from financial assets recorded through profit/loss (FVTPL) reached VND 101 billion, while in the same period last year it was negative VND 154 billion, along with the loss on FVTPL assets, helping FPTS have a self-trading profit of up to VND 99 billion.

Brokerage revenue also increased by 30%, reaching VND99 billion. However, interest from loans and receivables this quarter decreased slightly by 4% to VND115 billion.

FPTS's operating expenses also increased slightly by 36% to VND94 billion, due to the high provision for asset impairment, up to VND30 billion, up 73% over the same period. After deducting expenses, FPT Securities reported a profit after tax of VND184 billion, while in the same period it lost VND60 billion.

In the first 9 months of 2023, the company's operating revenue and after-tax profit reached VND 763 billion and VND 403 billion, up 31% and 44% respectively over the same period. With this result, FPT Securities has completed 99% of the annual revenue target and exceeded the annual profit target by nearly 14%.

As of September 30, FPTS' total assets were VND7,313 billion, an increase of more than VND2,000 billion compared to the beginning of the year. Of which, margin lending balance accounted for nearly VND4,009 billion, an increase of 16%.

FPTS recorded financial assets recognized through profit/loss (FVTPL) of more than VND 1,556 billion, up 45% compared to the beginning of the year. The portfolio is mainly fixed-term deposits and certificates of deposit with an original value of VND 1,016 billion.

In addition, the company also owns VND120 billion in unlisted bonds and more than VND14 billion in listed stocks. Accounting for the largest proportion in the stock category is MSH code of Song Hong Garment, with an original price of more than VND13 billion, currently having a fair value of more than VND416 billion, equivalent to a profit of about 32 times. This is an investment that FPTS bought many years ago.

In addition, the company also holds other unlisted shares of Construction and Investment Joint Stock Company No. 8 (CIC8) and bonds with codes CTG2230T2/01, CTG2030T2/01.

Also showing positive growth, ACBS Securities recorded operating revenue in the third quarter of 2023 reaching VND558 billion, 2.6 times higher than the same period last year. The company's after-tax profit reached VND119 billion, up 440% compared to the third quarter of 2022, equivalent to 5.4 times higher.

Accumulated in 9 months, ACBS Securities achieved revenue and after-tax profit of VND 1,182 billion and VND 324 billion, respectively, more than 18% and 45 times higher than the figures achieved in the same period last year .

Source