DNSE will meet the General Meeting of Shareholders on April 16 to discuss a plan to pay cash dividends at a rate of 4%, and at the same time, set a profit target of double the previous year.
The 2024 Annual General Meeting of Shareholders of DNSE Securities will take place online and in person at Novotel Hanoi Hotel (No. 2 Thai Ha, Hanoi).
According to the business plan submitted to the Congress, in the most positive scenario, DNSE targets total revenue in 2024 including operating revenue, financial revenue and other revenue at VND 1.390 billion, equivalent to an increase of 88% compared to with the previous year. In this scenario, the digital securities company sets a maximum after-tax target of VND 445 billion, nearly doubling last year.
In the neutral scenario, DNSE expects to reach 1.119 billion VND in total revenue and 335 billion VND in profit, up 51% and 46% respectively. In the least positive scenario, this company is expected to earn 868 billion VND in total revenue, equivalent to an increase of more than 17%, with a minimum after-tax profit of 170 billion VND, a decrease of 26%.
Looking back at business results in 2023, DNSE achieved operating revenue of 714,5 billion VND, an increase of 58% compared to 2023. Profit after tax reached 229 billion VND, three times higher than 2022.
In particular, regarding the profit distribution plan, the DNSE Board of Directors will submit to the Congress a plan to pay dividends in cash at a rate of 5% of charter capital, equivalent to 165 billion VND. Payment time must not exceed six months from the end of the Annual General Meeting of Shareholders. In 2022, DNSE will also pay dividends to shareholders in cash at a rate of 2%.
DNSE Securities office. Image: DNSE
DNSE also plans to list the stock code DSE on HoSE in 2024. On March 12, the Ho Chi Minh City Stock Exchange also announced to receive applications to list 3 million shares of DNSE Securities, equivalent to Advance charter capital of VND 330 billion.
Previously, DNSE successfully completed the initial public offering of 30 million shares at a price of 30.000 VND per share. Temporarily calculated based on the selling price of the IPO, DNSE's capitalization value will reach VND 9.900 billion when listed on HoSE.
According to DNSE, the market P/E valuation is expected to improve from 13,9 at the end of 2023, to 15,1 and EPS growth at 15%. Therefore, the reasonable point range for VN-Index in 2024 is in the range of 1.295-1.357 points. This growth is supported by many positive macro factors. Therefore, profits of listed companies are expected to grow by about 15% in 2024.
To achieve the proposed plan, DNSE's Board of Directors intends to take advantage of the technology product ecosystem in securities and multi-channel customer access network, to attract a new wave of investors and seize opportunities. growth.
Thao Van
