AsemconnectVietnam - Ho Chi Minh City Securities Joint Stock Company (HSC, HOSE: HCM) announced business results for the second quarter and the first 6 months of 2024.

Accordingly, the Company's pre-tax profit in the second quarter of 2024 reached VND390 billion, an increase of 99% compared to the same period in 2023 and is the highest level in the last 11 consecutive quarters. Accumulated in the first 6 months of the year, HSC recorded pre-tax profit of VND736 billion, an increase of 110% over the same period in 2023, completing 51% of the 2024 plan.
The above results were recorded in a favorable market context, the average transaction value of the entire market in the first 6 months of 2024 reached more than 24,000 billion VND/day, the VN-Index increased more than 10% from 1,130 points at the end by 2023 it will reach 1,245 points. HSC grew in all business segments. The Company's revenue in the first 6 months of the year reached VND1,581 billion, an increase of 55% over the same period in 2023.
Of which, revenue from stock brokerage activities reached VND468 billion, an increase of 72% over the same period in 2023. In the second quarter of 2024, HSC continued to hold the top 5 largest brokerage market share on HOSE with 6,4%, improved compared to 5.3% for the whole year 2023.
At the end of June 2024, HSC officially launched the new online trading platform HSC ONE. Inheriting the features of myhsc, HSC ONE has enhanced security, quickly updated market fluctuations as well as developed new features to provide effective investment experiences. The new trading platform is expected to contribute to improving HSC's business performance.
Revenue from margin lending activities reached VND714 billion, an increase of 57% over the same period in 2023. HSC's margin lending balance continued to grow and reached more than VND18,500 billion in the context of market liquidity. The market is improved and new capital is added by the end of the second quarter of 2024.
Revenue from self-trading activities reached VND334 billion, an increase of 20% over the same period in 2023. Particularly in the second quarter of 2024, revenue from this activity reached more than VND170 billion and was the highest level in the 5 consecutive quarters.
The corporate financial consulting segment recorded revenue of VND52 billion. In 2024, HSC's corporate finance consulting activities are expected to bring positive results based on its existing portfolio of deals.
As of June 30, 2024, HSC's total assets reached VND27,756 billion, equity reached VND10,664 billion. Earnings per share (EPS) in the first 6 months of 2024 reached 1,090 VND/share.
HSC will make 2 dividend payments to shareholders in January 2024 in shares at a rate of 15% for 2021, and in August 2024 in cash for 2022 and 2023 with a total implementation rate of 12%. Since listing in 2009, HSC has always maintained high dividends for shareholders with a dividend payout ratio of 50% of profit after tax.
In addition, in June 2024, HSC completed the offering of shares to existing shareholders at a ratio of 2:1, thereby increasing the Company's charter capital to VND7,048 billion. The additional capital will be used to increase the scale of margin lending and proprietary trading activities, ready to seize market opportunities in the near future.
N.Nga
Source: VITIC/Tinnhanhchungkhoan