Saigon Securities Inc is the largest listed securities firm with the market cap at US$573 million. — Photo ssi.com.vn
Viet Nam’s booming stock market, recognised as one of the best performers in the world, has raised the value of many securities firms.
The benchmark VN Index on the HCM Stock Exchange has gained 18.6 per cent since the beginning of this year. On the Ha Noi Stock Exchange, the HNX Index has climbed 27.2 per cent in the same period.
Shares of securities companies have been on the investors’ favourite list, and many firms have seen their value doubling, and even tripling, in the first seven months of 2017. This impressive growth is largely owing to the companies’ positive business results.
As of August 4, the market value of 11 securities companies has exceed VND1 trillion (US$44 million). The top four companies in the country are Saigon Securities Inc (SSI), Viet Capital Securities JSC (VCI), HCM Securities Corp (HCM) and VNDirect Securities JSC (VND).
SSI, valued around VND13 trillion ($573 million), is the largest securities firm across all indicators, including charter capital, revenue and profit. Its share prices have climbed 30 per cent this year, and on Friday they were at VND26,400 per share, which is lower than its peak of VND28,600 a share on July 6.
Viet Capital Securities made its debut on the southern bourse on July 7, and has already joined the trillion-dong club at a market value of VND7.3 trillion. The company’s share price rose by 5 per cent in a month and has touched VND60,000 apiece, the highest among securities shares.
The share value of HCM Securities, valued at VND5.7 trillion, has risen 60 per cent after the company revealed that it is raising its foreign ownership limit to 100 per cent. Its shares are at nearly VND48,000 per unit.
Ranking in the fourth place in terms of market capitalisation at VND3.6 trillion, the shares of VNDirect Securities have leapt 90 per cent to roughly VND25,000 per share. The company has estimated its six-month pre-tax profit at VND322 billion.
In terms of the strongest growth, MB Securities JSC (MBS), Sai Gon-Ha Noi Securities JSC (SHS), Vietinbank Securities JSC (CTS) and Agribank Securities JSC (ARG) are on the top, with their share prices recording a three-digit rise.
Except for AGR, which is valued below the par value of VND10,000 a share, the stocks of the other three companies are between VND14,000 and VND17,000 apiece. – VNS