AsemconnectVietnam - Phu Hung Securities JSC (PHS) has just released its business results estimate for 2024 and its plan for 2025. Notably, this securities company estimates a loss after tax of VND10.7 billion in 2024.

Specifically, the financial situation estimate of PHS in 2024 shows that operating revenue will reach about VND479.8 billion, in which all business segments have decreased revenue, from self-trading, capital trading to brokerage.
The estimated profit after tax for the whole year is VND10.7 billion, while in 2023, PHS still made a profit of VND44.5 billion. Previously, the Company's financial report for the third quarter of 2024 said that in the first 9 months of 2024, the profit after tax reached more than VND1.4 billion. Thus, in the last quarter of 2024, PHS lost about VND12 billion.
In the 2025 plan, PHS said that the Vietnamese stock market is currently at a relatively attractive valuation level. PHS expects the total market profit to increase by 18% by the end of 2024 and maintain double-digit growth in 2025. The projected P/E of VN-Index in 2025 has now reached a historical low and compared to other emerging stock markets in the region, the Vietnamese market is at a very attractive level.
2025 will be a pivotal year for the Vietnamese stock market when all attention will be focused on the story of upgrading the market. A successful upgrade will be a bridge to attract new foreign capital flows into the Vietnamese stock market.
Looking positively at the market in 2025, PHS has built an optimistic plan with a target of total revenue of VND743.5 billion, total expenses of VND613.2 billion; from there, the Company is expected to bring in VND130.3 billion in pre-tax profit and VND103.6 billion in after-tax profit in 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan