On March 1, Ho Chi Minh City Stock Exchange (HoSE) received the listing application for 204.8 million shares of DSC Securities Joint Stock Company (code DSC).
DSC Securities, formerly known as Danang Securities Corporation, changed ownership at the end of 2020 when major shareholders Vietnam Equity Corporation and Danang Housing Development Investment Corporation (code NDN - HNX floor) withdrew capital. They were replaced by 3 individuals including Mr. Nguyen Duc Anh, Mr. Ta Van Manh and Ms. Nguyen Thi Thu Ha.
As of March 2021, the 2021 Annual General Meeting of Shareholders of Danang Securities approved the name change to DSC Securities JSC, and moved the head office to Thanh Cong Building at 80 Dich Vong Hau, Cau Giay, Hanoi .
At the 2023 written shareholder consultation, DSC Securities Company approved the transfer of the floor from UPCoM to HoSE, the implementation time will be assigned and authorized to the Board of Directors.
As of December 31, 2023, DSC Securities has 3 major shareholders including Mr. Nguyen Duc Anh, Chairman of the Board of Directors, owning 35.64% of charter capital; NTP Investment Joint Stock Company owns 34.17% of charter capital; Ms. Van Le Hang owns 4.89% of charter capital; and the remaining 25.3% of charter capital belongs to other shareholders.
Notably, in mid-2023, Thanh Cong Group (TC Group) shared information that DSC Securities Joint Stock Company had joined the Group's ecosystem since the end of 2021.
“DSC Securities continues to gradually affirm its position as an important piece in the Finance - Banking industry, contributing to the completion of the multi-industry ecosystem of Thanh Cong Group”, information from Thanh Cong Group emphasized.
Exceeding 2023 business plan
In terms of business activities, in 2023, DSC Securities recorded total revenue of VND 438.45 billion, an increase of 162.8% over the same period, and profit after tax recorded VND 119.9 billion, an increase of 258.5% over the same period last year.
It is known that in 2023, DSC Securities Company plans to do business with a total revenue of VND 281 billion and a pre-tax profit of VND 97 billion. Thus, ending 2023 with a pre-tax profit of VND 150.2 billion, DSC Securities has completed 154.8% of the annual profit plan.
Regarding the 2024 business plan, DSC Securities has not yet announced detailed documents for the General Meeting of Shareholders to be held on March 25, 2024 in Hanoi. According to the plan, at the upcoming General Meeting, DSC Securities will present to shareholders the 2023 Business Results Report, 2024 Business Plan, 2023 Profit Distribution Plan, Report on Capital Use in the Capital Increase to VND 2,048 billion...
PG Bank begins to "pump" capital into DSC Securities
Returning to the financial situation at the end of 2023, as of December 31, 2023, DSC Securities' total assets increased by 71.1% compared to the beginning of the year, equivalent to an increase of VND 1,713.3 billion, to VND 4,122.6 billion. In which, the main assets are financial assets recorded through profit/loss (FVTPL) recorded VND 1,678.9 billion, accounting for 40.7% of total assets; loans recorded VND 1,491.5 billion, accounting for 36.2% of total assets; investments held to maturity recorded VND 443.5 billion, accounting for 10.8% of total assets; other financial assets recorded VND 438.7 billion, accounting for 10.6% of total assets; and other items.
During the period, financial assets recorded through profit/loss (FVTPL) increased by 49.3% compared to the beginning of the year, equivalent to an increase of VND 554.5 billion, to VND 1,678.9 billion. In which, the Company explained that financial assets recorded through profit/loss (FVTPL) mainly included VND 1,451.6 billion in investment in deposit certificates; VND 82 billion in investment in SSI shares; VND 72.8 billion in investment in FPT shares; VND 70.3 billion in investment in ACB shares...
Regarding capital sources, by the end of 2023, DSC Securities' total debt increased by 41% compared to the beginning, equivalent to an increase of VND 538.2 billion, to VND 1,849.3 billion and equal to 82.8% of equity. Of which, the Company is borrowing VND 1,261.4 billion from Vietnam Joint Stock Commercial Bank for Investment and Development - Dong Ha Noi Branch; VND 450 billion from Prosperity and Development Joint Stock Commercial Bank - Dong Do Branch (at the beginning of the year, outstanding debt at PGBank was VND 0); and VND 137.9 billion from Vietnam Joint Stock Commercial Bank for Industry and Trade - Chuong Duong Branch.
In particular, the purpose of DSC Securities borrowing capital from PG Bank is to invest in government bonds, government-guaranteed bonds, deposit certificates and margin trading activities.
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