AsemconnectVietnam - The financial report for the second quarter of 2024 of parent company SSI shows that operating revenue increased sharply by 43% over the same period last year, to more than VND2,200 billion, with main contributions from the brokerage, margin lending and self-financing segments.

Specifically, brokerage, depository, investment consulting and other operations achieved revenue of VND574 billion, an increase of 63% over the same period. Cumulatively for 6 months, these segments brought in revenue of VND1,038 billion, an increase of 65%.
Market share of stock brokerage, fund certificates and guaranteed warrants of SSI at the Ho Chi Minh City Stock Exchange (HOSE) in the second quarter continued to remain in the top 2 markets with a market share of 9.31%. Cumulatively in the first 6 months of the year, SSI's brokerage market share on HOSE reached 9.32%.
Margin lending and advance sales operations achieved revenue of nearly VND513 billion, an increase of 42.5% over the same period.
As of June 30, 2024, SSI's margin loan balance reached VND19.6 trillion, an increase of 16% compared to the previous quarter and an increase of 33.5% compared to the end of 2023 thanks to positivity fluctuations of the market.
Accumulated for 6 months, SSI reached VND960 billion in margin lending revenue, up 38% over the same period.
Revenue from investment activities reached VND1,049 billion, up 51% over the same period and contributing 45% to total operating revenue. Cumulative 6 months of investment segment brought in VND1,951 billion in revenue, up 42% over the same period.
The investment segment had positive results thanks to the growth trend of the stock market and large contributions from valuable paper investments and bond portfolios.
Revenue from capital and financial business recorded nearly VND163 billion, accounting for 7% of total revenue. In the first 6 months of the year, capital recorded revenue of VND295 billion. This is a traditional business based on the size of total assets, relationships with financial institutions and the interest rate environment from time to time.
In the investment banking and other services segment, SSI recorded revenue from 2 bond issuance consulting transactions of Hai An Transport and Stevedoring Joint Stock Company and Home Credit Vietnam. In the last months of the year, the Investment Bank is expected to record revenue from a number of equity capital mobilization transactions.
Overall results, in the second quarter of 2024, SSI pre-tax profit reached more than VND1,040 billion, after-tax profit was VND835.4 billion. Cumulatively for 6 months, SSI recorded a profit after tax of nearly VND1,563 billion.
The company estimates that consolidated pre-tax profit in the second quarter of 2024 will reach VND1,060 billion and accumulated in the first 6 months of the year is estimated to reach VND2,000 billion, completing about 60% of the whole year plan.
As of June 30, 2024, the Parent Company has total assets of VND70,291 billion and equity of nearly VND24,093 billion. Cumulatively for the last 4 quarters, the return on equity (ROE) and return on total assets (ROA) at the end of the second quarter of 2024 reached 12% and 4.2%, respectively.
The Company's assets lie largely in the form of FVTPL assets (VND39,600 billion), loans (more than VND20,300 billion). In the FVTPL portfolio, certificates of deposit decreased to VND23,300 billion, 22% lower than at the beginning of the year; Bonds increased by 20% to VND14,400 trillion. SSI's stock portfolio recorded VND1,130 billion, an increase of 11% compared to the beginning of the year. During the period, SSI poured more money into VPB shares, accounting for 73.5%.
N.Nga
Source: VITIC/Tinnhanhchungkhoan