Stocks are up, many securities companies set profit targets of thousands of billions

The stock market's upturn at the beginning of the new year has made securities companies optimistic, setting soaring profit targets. For example, SSI Securities Corporation (stock code SSI) announced its business plan to submit to the 2024 Annual General Meeting of Shareholders. In particular, SSI set a consolidated revenue plan of VND8,112 billion and pre-tax profit of VND3,398 billion. Compared to the 2023 results, these targets increased by 13% and 19%, respectively. If completed, this will be SSI's highest revenue and profit ever.

Many optimistic securities companies set profit targets for 2024

Next, MB Securities Joint Stock Company (stock code MBS) aims to achieve revenue of VND 2,786 billion, an increase of 53% and pre-tax profit of VND 930 billion, an increase of 36% compared to 2023. According to the company's assessment, in 2024, the profits of listed enterprises are forecast to increase by 12 - 16% and strong solutions to upgrade the stock market are the foundation to promote increased market liquidity, expected to reach VND 20,000 billion/session...

Similarly, Vietcap Securities Joint Stock Company (stock code VCI) also commented that this year's stock market is expected to have many bright spots and optimism thanks to the recovery of businesses, combined with interest rates continuing to be maintained at low levels and business valuations falling into the attractive range in the long term. From there, the company set a target of achieving revenue of VND 2,511 billion and pre-tax profit of VND 700 billion. The revenue target increased by only 1% compared to last year, but pre-tax profit increased by nearly 23%.

A foreign securities company, Mirae Asset Vietnam Securities JSC, also plans to achieve revenue and pre-tax profit of VND913 billion, an increase of more than 23%. The company also aims to be in the top 5 in stock brokerage market share on HOSE.

DNSE Securities Corporation even set a target of doubling in the new year. Specifically, according to the business plan submitted to the 2023 Annual General Meeting of Shareholders, in the most positive scenario, DNSE set a target of achieving total revenue of VND 1,390 billion, an increase of 88% compared to the previous year and a maximum pre-tax profit of VND 556 billion, double that of 2023. Or Phu Hung Securities Company (stock code PHS) set an impressive profit growth plan for 2024 with pre-tax profit of more than VND 132 billion, nearly double that of the previous year...

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