AsemconnectVietnam - Ho Chi Minh City Securities Joint Stock Company (HSC, stock code HOSE: HCM) reach VND225 billion pre-tax profit for the fourth quarter of 2023, an increase of 41% over the same period in 2022.

Accordingly, pre-tax profit in the fourth quarter of 2023 reached VND225 billion, an increase of 41% compared to the same period in 2022. Accumulated for the whole year 2023, HSC recorded a pre-tax profit of VND842 billion, completing 93% of the plan.
In the context of market fluctuations, HSC still maintains stable business activities and records positive results. Revenue in the fourth quarter of 2023 reached VND601 billion, an increase of 3% compared to the same period in 2022. Accumulated for the whole year 2023, the Company's revenue reached more than VND2,255 billion, completing 96% of the plan.
Of which, revenue from stock brokerage activities reached VND672 billion, accounting for 30% of HSC's total revenue. In the fourth quarter of 2023, HSC expanded its market share to 5.35% (from 5.06% in the previous quarter), ranking 5th in the group of securities companies with the largest brokerage market share on HOSE.
Revenue from margin lending activities reached VND1,066 billion, equivalent to 47% of HSC's total revenue. In 2023, HSC's margin lending activities will grow steadily and account for the largest proportion in the revenue structure thanks to the flexibility in the margin lending risk management model. As of December 31, 2023, outstanding margin loans reached more than VND12,135 billion, an increase of 64% compared to the beginning of the year.
Revenue from proprietary trading activities reached VND473 billion, contributing 21% to HSC's total revenue. HSC's proprietary trading activities are mostly market creation for ETF products and Covered Warrants.
The corporate financial consulting segment recorded revenue of VND22 billion. Revenue from this activity did not meet expectations because some consulting deals were slower than the initial schedule and will be recorded in business results after completion.
On December 7, 2023, HSC was granted a Certificate of registration for public offering of shares by the State Securities Commission. Accordingly, the Company plans to issue 297 million shares through two options: offering to existing shareholders and issuing shares to pay the second dividend in 2021, thereby increasing charter capital to VND7,552 billion. . The capital obtained from the offering will be used to supplement capital for margin lending and proprietary trading activities, contributing to improving HSC's financial capacity and developing business activities in the coming time.
N.Nga
Source: VITIC/Tinnhanhchungkhoan