The Ho Chi Minh City Stock Exchange has approved the listing of DSC Securities shares. With the decision, 204.8 million DSC shares will soon be traded on the HoSE.
The Ho Chi Minh City Stock Exchange (HoSE) has decided to approve the listing of 204.8 million DSC shares of DSC Securities Joint Stock Company (code DSC, UPCoM floor). Previously, by collecting written opinions for the second time in 2023, the General Meeting of Shareholders of DSC Securities approved the cancellation of the registration of stock trading at the Hanoi Stock Exchange (HNX) and listing all shares on HoSE.
On March 1, HoSE received the company’s listing application. After more than half a year, DSC was approved. Previously, HoSE also welcomed a new recruit to the securities industry on July 1. With DSC’s entry, there will be a total of 18 securities companies listed on the Ho Chi Minh City Stock Exchange.
DSC Securities, formerly known as Da Nang Securities, was established in 2006, with a charter capital of VND22 billion, in Da Nang. The company's shares have been traded on the UPCoM market since January 2018, with the code DSC. By 2021, the company changed its name to DSC Securities and moved its headquarters to Hanoi, while increasing its charter capital to VND1,000 billion. By 2023, this securities company increased its charter capital to more than VND2,048 billion, through offering nearly 100 million shares to the public and issuing nearly 5 million ESOP shares.
According to the financial report for the second quarter of 2024, the company's operating revenue reached VND 112.5 billion, down 11% over the same period last year. Of which, profit from financial assets recorded through profit/loss (FVTPL) decreased by 12% to VND 27.4 billion, accounting for nearly 1/4 of total revenue. Meanwhile, securities investment consulting and financial consulting services also decreased sharply by 79% over the same period, reaching only over VND 5 billion. Interest on loans and receivables brought in the main revenue when accounting for nearly 46% of operating revenue and reaching over VND 47 billion, up 59% over the same period. Brokerage revenue increased slightly by 2%, reaching nearly VND 36 billion.
Operating expenses were nearly 2.4 times higher than the same period last year, at VND65 billion. Management expenses also increased sharply by 47% over the same period, recording more than VND11 billion. As a result, the company's net profit was just over VND20 billion, down 55% over the same period.
However, thanks to the support from the results of the first quarter of 2024, the company's pre-tax profit in the first 6 months of the year was VND 98.5 billion, up 40% over the same period and achieving 49% of the annual plan. Net profit reached VND 79 billion, up 41%.
As of June 30, 2024, total assets recorded more than VND 4,305 billion, an increase of more than 4% compared to the end of the previous year. Outstanding margin loans and sales advances reached VND 1,691 billion, an increase of 13%. Investments held to maturity were only VND 20 billion, a decrease of VND 420 billion compared to the beginning of the year. FVTPL financial assets were VND 2,359 billion, an increase of more than 53%.
Regarding shareholder structure, the company has 2 major shareholders including 1 institutional shareholder, NTP Investment Joint Stock Company, holding 70 million shares (nearly 34.2%) and 1 individual shareholder, Mr. Nguyen Duc Anh - Chairman of the Board of Directors, holding nearly 73 million shares (nearly 35.6%).
Mr. Nguyen Duc Anh was appointed as Chairman of the Board of Directors of DSC Securities from January 2021. He is the son of Mr. Nguyen Quoc Hoan - brother of Mr. Nguyen Anh Tuan, Chairman of Thanh Cong Group (TC Group) (According to the management report of PV-Inconess Investment Joint Stock Company).
On the stock market, DSC shares are trading at VND23,000/share, equivalent to about 16% compared to the end of last year.
Source: https://baodautu.vn/them-mot-cong-ty-chung-khoan-sap-len-san-hose-d225922.html
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