By November 21, SSI had successfully distributed a total of 150.9 million shares, increasing its outstanding shares to over 1.96 million and boosting its charter capital to nearly VNĐ19.64 trillion.
SSI has announced its third quarter results that show revenues and profits before tax were worth VNĐ1.99 trillion (US$79.1 million) and VNĐ937 billion ($37.2 million), up 5 per cent and 11 per cent year-on-year.
The company plans to issue over 302.2 million bonus shares at a ratio of 100:20 and more than 151 million shares to existing shareholders at a price of VNĐ15,000 per share.
SSI Asset Management, a subsidiary of SSI Securities Corporation, and Union Securities Investment Trust Co., Ltd., a subsidiary of the Union Bank of Taiwan, signed an agreement for co-operation in various areas of investment.
VPS Securities JSC (VPS) maintains its leading position in the securities brokerage market on HoSE, capturing a 20.3 per cent market share, which gains 1.2 per cent from the end of the previous year.
SSI Securities Corporation has successfully advised Hải An Transport and Stevedoring JSC’s issuance of convertible bonds worth VNĐ500 billion (US$20.38 million) to four investment funds.
SSI Securities Inc (SSI) has just announced pre-tax profit for the third quarter of 2023 reaching VNĐ880 billion, 2.1 times higher than the same period last year.
SSI Securities Corporation reported revenues of nearly VNĐ1.6 trillion (US$67.9 million), and profit before tax of VNĐ656 billion ($27.5 million) for the second quarter compared to VNĐ518 billion from a year earlier.
SSI Securities Corporation has set targets of VND6.9 trillion (US$295.2 million) in consolidated revenue and VND2.54 trillion ($108.6 million) in pre-tax profits this year, an increase of 9 per cent and 20 per cent over 2022.
SSI Securities Corporation’s revenues and profits reached VND1.47 trillion (US$62.2 million) and VND289 billion ($12.29 million) in the fourth quarter of last year.
Domestic steel demand is expected to keep falling due to the property market slump and tightened monetary policy, economic downturn in many export markets and a rise in supply making the outlook for the industry in 2023 poor, analysts said.
The capital scale of securities companies has grown robustly in the past two years. In the context of the current sharp decline in market liquidity, this resource is somewhat redundant, and the race to attract customers is heating up.