AsemconnectVietnam - VNDirect Securities Company (VND) issued about 60.89 million additional shares, increasing its charter capital from VND12,178 billion to nearly VND15,223 billion. While VIX Securities Company will increase from VND6,694.4 billion to VND14,592.9 billion and Guotai Junan Securities Company (Vietnam) will issue an increase in charter capital, from VND693.5 billion to VND1,387 billion.

VNDirect Securities Corporation (code VND - HOSE) approved the use of loans and guarantees at Vietnam Joint Stock Commercial Bank for Industry and Trade with a total limit of VND10,000 billion. Of which, the maximum short-term loan limit is VND10,000 billion and the maximum loan guarantee limit is VND4,500 billion.
It is known that at March 31, 2024, VNDirect Securities recorded a total short-term and long-term loan balance of 10.4% lower than the beginning of the year, equivalent to a decrease of VND2,214.4 billion, to VND19,054.1 billion and equal to 111.3% of equity.
Notably, on May 30, VNDirect Securities will close the shareholder list to pay dividends in shares at a rate of 5%, equivalent to issuing approximately 60.89 million additional shares; and offer to existing shareholders at a ratio of 5:1, equivalent to offering an additional 243.57 million shares at a price of VND10,000/share, raising VND2,435.7 billion.
The proceeds from the additional share offering, VNDirect will use to supplement capital for securities margin lending activities, investment activities in valuable papers on the market, securities underwriting activities, issuance and distribution of secured warrants.
The transfer period for the right to purchase additional shares is from June 6 to June 26, the registration period for purchase orders and payment for shares is from June 6 to July 3.
After the issuance is completed, the charter capital of VNDirect Securities will be increased from VND12,178 billion to nearly VND15,223 billion.
VIX Securities Joint Stock Company (code VIX - HOSE) approved 4 capital increase plans, implemented from the third quarter to the fourth quarter of 2024.
On June 11, VIX Securities approved the order and time for issuing shares to increase charter capital in 2024, and the plan to ensure the issuance of shares meets regulations on foreign ownership ratio and principles the for determining shares distributed under the ESOP program.
Accordingly, VIX Securities said it will implement 4 plans to issue shares to pay dividends, issue shares to increase capital from equity sources, offer shares to existing shareholders and issue employee option plan (ESOP) shares in the same tranche.
The expected time to implement the stock issuance is from the third quarter to the fourth quarter of 2024, after being approved by the State Securities Commission.
It is known that at the 2024 General Meeting of Shareholders, VIX Securities approved paying dividends in 2023 at a rate of 10% in shares; Issue shares from equity capital at a rate of 10%; offering additional shares to existing shareholders at a rate of 95%, corresponding to offering 635.97 million additional shares at a price of VND10,000/share, raising VND6,359.7 billion; and issued 20 million ESOP shares.
Thus, if 4 offerings are completed, the charter capital of VIX Securities will increase from VND6,694.4 billion to VND14,592.9 billion.
According to historical data, from September - October 2021, VIX Securities offered shares to shareholders at a ratio of 1:1, equivalent to offering 127.7 million shares at a price of 10,000 VND/share. By March 2022, VIX Securities continues to offer shares at a ratio of 1:1, corresponding to offering 274.6 million shares at a price of 15,000 VND/share.
In 2024, VIX Securities plans a pre-tax profit of VND1,320 billion, an increase of 10% over the same period and an expected profit after tax of VND1,056 billion, an increase of 9% compared to 2023 performance. If completed According to this plan, this will be VIX's highest business result since the company began disclosing information in 2013. At the end of the first quarter of 2024, VIX reported a pre-tax profit of nearly VND202 billion, 17 times higher in the same period; Profit after tax is VND162 billion, more than 15 times higher."
Turning policy into action, at the 2024 Annual General Meeting of Shareholders, VIX shareholders officially approved the plan to increase charter capital. After completing the procedures and being fully licensed, VIX's charter capital will reach nearly VND14,600 billion. This new charter capital level can help VIX quickly rank among the top securities companies with the highest charter capital on the market. Currently, VIX is implementing procedures to increase capital and is expected to issue from the third quarter to the fourth quarter of 2024 when approved by the management agency.
A representative of VIX Securities said that along with the capital increase plan, the Company is promoting brokerage activities by providing specialized solutions for customers; Promote margin lending with the goal of increasing the revenue proportion of the brokerage segment.
With new opportunities in the market, especially "welcoming the upgrade wave", VIX not only prepares large financial potential, but also invests heavily to upgrade technology infrastructure, ensuring supply diverse and professional services for domestic and foreign customers.
The VIX Board of Directors determined that the opportunity is greater but the competition of securities companies in brokerage activities will also increase. Therefore, in addition to traditional factors such as: coverage of the brokerage team network; quality of investment consulting activities; convenience of trading software; diversity of products and services... the application of artificial intelligence (AI) may be the most key point in supporting brokerage and investment consulting activities, and creating a competitive advantage of a securities company.
With the desire to bring customers unlimited experiences of trading utilities and provide a safe investment platform with outstanding processing speed, VIX has continuously improved its processing, storage, and storage capacity, system security and incorporating AI in stock trading. In particular, VIX has cooperated with FSS Financial Software Solutions Joint Stock Company to deploy XPower - a completely new stock trading system. XPower can bring superior utilities to customers such as: increased order processing speed, additional transaction utilities, and is the basis for integrating new products and services in the future.
Xpower is deployed synchronously on both platforms, WebTrading and MobileTrading, to help customers manage assets and make investments conveniently, quickly and effectively. Besides, with the desire to help customers make more positive changes in accessing Big data, VIX launches additional AI trading features integrated on the online trading platform.
The advantage of strong financial resources, effective business operations and investment orientation for information technology and AI applications will be the foundation for VIX to continue to develop, improve competitiveness, and increase customers file, creating motivation for sustainable business activities. Because in the digital era, businesses with financial potential and the ability to focus on technology investment, combined with traditional business models, will have an advantage in a volatile business environment, especially in Vietnam stock market.
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