AsemconnectVietnam - At the 2024 Annual General Meeting of Shareholders, Mr. Wang Jun Hong, Chairman of the Board of Directors of Guotai Junan Securities Joint Stock Company (Vietnam) GTJA (stock code IVS) said that in 2024, the Company prioritizes increased charter capital, from VND693.5 billion to VND1,387 billion, through the issuance plan to existing shareholders at a ratio of 1:1.

Mr. Wang Jun Hong said that the capital obtained from the offering will be used for a number of main contents. The company will also strengthen cooperation with the parent group to develop foreign customer files. Developing the institutional customer segment, acting as a bridge for institutional customers from China, Hong Kong (China), Taiwan (China) and Singapore to invest in the Vietnamese stock market.
Sharing about the 2024 business plan, Mr. Huang Bo, General Director of GTJA, said that the recovery of the economy will help businesses on the Vietnam stock exchange improve business results. Citing Bloomberg's forecast, Mr. Huang Bo said that EPS of businesses on HOSE could increase up to 48.66% in 2024 compared to 2023, this is the driving force for the stock market to increase in 2024.
In addition, Mr. Huang Bo believes that the Vietnamese stock market also has the opportunity to be upgraded by FTSE Russell and MSCI in the next few years. According to estimates by the World Bank, Vietnam's successful upgrade to emerging market status could bring more than USD10 billion in net capital flows into the Vietnamese stock market.
In 2024, GTJA approved an operating revenue plan expected to reach 93.7 billion VND, pre-tax profit expected to reach 33.7 billion VND, along with orientations and action solutions for each business block. The company will promote its own advantages to develop its strengths, specifically: Expanding operations for institutional customers; Increase the proportion of foreign customers; Prioritize city market development. Ho Chi Minh; Developing priority customers; Developing investment banking activities; Marketing communications; Improve the level of risk control and develop financial technology.
In 2023, GTJA will reach VND80.5 billion in revenue, completing 83.5% of the plan. The company's pre-tax profit reached VND33.1 billion, completing 128.5% of the business plan. Total assets are at VND765.7 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan