After a correction in the third quarter due to the outbreak of the fourth COVID-19 wave, Vietnam's stock market (stock market) regained its momentum and approached the historic peak of 1,423 points when social distancing measures were taken.
Although the market movement was somewhat slower than in the first half of the year, by the end of the third quarter, many securities companies still announced positive business results, far exceeding the revenue and profit targets set before. there:
Vietnam Technological and Commercial Securities Joint Stock Company (TCBS) reported a profit of nearly VND 802 billion in the third quarter, nearly equivalent to the results achieved in the previous quarter and increased by 16% over the same period.
This result mainly came from revenue growth of more than 39%, of which revenue from securities brokerage increased 247%, reaching 244 billion dong. In the third quarter, TCBS also climbed to the 7th position in terms of brokerage market share in HOSE with 4.81%, up one place compared to the first half of the year.
At HNX and UPCoM, this securities company won 6th and 4th place respectively in terms of market share. Accumulated in the first 9 months of the year, TCBS net profit is more than 2,277 billion dong, up 33% compared to the performance in the same period of 2020.
SSI Securities Joint Stock Company (HM: SSI) is also one of the units that reported positive profits in the third quarter with a net profit of more than 667 billion dong, up 94% over the same period. According to the parent company's financial report, the largest source of revenue in the quarter came from the securities brokerage segment with VND 667 billion, up 3.7 times over the same period in 2020. In the third quarter, the stock brokerage market share of the company.
SSI at HOSE increased by 0.6% compared to the second quarter, reaching 11.58%. It is expected that the consolidated profit before tax after the first 9 months of 2021 of this securities company will reach about VND 2,100 billion.
With the above results, SSI has surpassed 12% of the profit target in 2021. In addition to being in the top position in terms of profit, SSI also holds the "king" in margin lending segment with outstanding loan balance at the end of the third quarter reaching a high level. a record of 18,107 billion VND, doubled compared to the beginning of the year.
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