BIDV Securities Joint Stock Company (BSC - ticker BSI) will present a plan to increase capital through stock dividends at its 2025 annual general meeting of shareholders on April 18, 2025.
According to the proposal, BSC plans to issue 22.3 million shares to pay dividends at a rate of 10%. The charter capital after the issuance is expected to increase from VND 2,230 billion to VND 2,453 billion. The purpose of the issuance is to increase charter capital to support the company's business development.
Previously, in 2024, BSC achieved a net profit of VND 516 billion, a slight increase of 1.3% compared to 2023.
According to BSC, these business results were achieved against the backdrop of a sharp decline in market liquidity in the second half of the year, averaging VND 21,017 billion per session, 9% lower than the assumption of VND 23,000 billion per session when building the 2024 business plan. The bond market recovery remains slow, while related legal regulations tend to tighten, creating further challenges for businesses, investors, and financial advisory activities.
Last year, BSC's stock brokerage market share reached 2.34%, down from 2.59% in 2023 due to intense competition. Nevertheless, the company remains in the top 7 brokers on the HNX exchange and the top 10 in brokerage market share on the UPCoM exchange.
Regarding lending activities, as of December 31, 2024, the total outstanding loan balance reached VND 5,306 billion. This represents a 19% increase compared to the end of 2023. BSC's interest income from lending reached VND 505.5 billion, a 13.3% increase compared to 2023. BSC stated that general market lending interest rates remain low, and competition in margin lending policies is increasingly fierce. To maintain loan balances, BSC's margin lending product policies must ensure increased competitiveness, meaning lower profit margins, while still driving growth in scale and profitability from lending activities.
Assessing the opportunities and challenges in 2025, BSC stated that there are three favorable factors impacting the securities industry, including: The impetus from the "institutional, human resources, and structural" revolution is creating a solid foundation for economic development and enhancing the attractiveness of the stock market; The macroeconomic recovery and low interest rate environment are creating favorable conditions for capital inflows into the market and the prospect of an upgrade. Vietnam is gradually addressing remaining issues to meet the criteria for upgrading from a frontier market to an emerging market by FTSE.
Besides the challenges, the market still faces difficulties. In addition to the uncertain international situation, competition for market share will become increasingly fierce, transaction fees will continue to decrease towards zero-fee, and the increasing pressure on exchange rates in the context of maintaining low interest rates continues to be a barrier to foreign capital re-entry into the market.
In this context, BSC aims for a pre-tax profit of VND 560 billion in 2025, a 9% increase compared to 2024, while ensuring safe and efficient operations; and maintaining loan-to-investment ratios and available capital ratios within the permitted limits as regulated.
This year, BSC stated that it will gradually restore its leading position in brokerage activities, diversify products, expand its product portfolio, distribute open-ended fund certificates, and distribute/broker private bonds. At the same time, it will update product policies, adjust fee and interest rate policies according to market trends, and ensure competitiveness…
Source: https://baodautu.vn/chung-khoan-bidv-bsc-muon-tang-von-len-gan-2500-ty-d260082.html










