AsemconnectVietnam - DSC Securities Joint Stock Company (DSC) has just successfully organized the Investor Conference - updating business results in the third quarter of 2024 (IR DSC Q3.2024).

In the third quarter of 2024, DSC estimated revenue at VND142 billion, up 13% over the same period in 2023 and pre-tax profit at VND86 billion, up 76% over the same period in 2023.
In particular, DSC's self-trading activities scored positively with pre-tax profit of about VND48 billion, accounting for 56% of the profit structure in the third quarter of 2024, up 847% over the same period. Considering from the beginning of the year until now, proprietary trading activities have shown a good role in managing investment portfolios and effectively exploiting market opportunities, bringing in a total of VND51 billion (exceeding 535% of the annual plan).
In addition, DSC also recorded VND34 billion in pre-tax profit from securities brokerage services, thereby raising the total profit of the first 9 months of the year to VND104 billion (reaching 64% of the annual plan). Regarding capital exploitation activities, by the end of Q3/2024, DSC's total loan value is estimated at VND1,720 billion, an increase of 31% over the same period.
Mr. Tran Minh Toan, Chief Financial Officer of DSC Securities JSC, said: “Revenue from lending activities remains stable and ensures sustainable growth for DSC throughout 2024. In addition, with the sharp decline in margin lending interest rates in the market, revenue from deposits and some other activities of DSC also recorded certain impacts. However, this is a common problem for the entire securities industry and will soon be adjusted to be more suitable in the coming period”. Accumulated in the first 9 months of 2024, DSC's revenue is estimated to record VND388 billion (reaching 92% of the annual plan) and pre-tax profit is also estimated at about VND184 billion (equivalent to 92% of the annual plan). In particular, DSC's CIR ratio has decreased by 13% from 66% in 2023 to 53% in 2024.
“In addition to the goal of completing the management and business plan presented at the 2024 Shareholders' Meeting, DSC will focus mainly on upgrading IT infrastructure, improving and expanding a number of new digital services & products based on the needs of customers and investors,” said Mr. Toan.
Recently, the Ho Chi Minh City Stock Exchange (HoSE) has approved the listing of more than 204 million DSC shares. The company is planning to transfer the floor as soon as possible, possibly in October 2024. It is known that the plan to move the floor from Upcom to HoSE was unanimously approved at the 2024 General Meeting of Shareholders. This is an important milestone for DSC on the journey to affirm its position and reputation as well as open up potential opportunities for new development and attract more effective investment in the future.
N.Nga
Source: VITIC/Tinnhanhchungkhoan