Presenting at the 2024 Annual General Meeting of Shareholders, Mr. Nguyen Hong Nam - General Director of SSI - commented that in 2024, the stock market will still go up with the average profit growth forecast of listed enterprises at 14% compared to 2023. Capital flows from individual investors will return to the market. In addition, the KRX trading system is put into operation and positive changes are expected from the determination to upgrade the stock market in 2024. He predicted that the VN-Index will reach 1,300 points this year and the average liquidity of the market will reach 18,000 - 20,000 billion VND/day.
SSI will increase its capital to more than VND 19,600 billion to consolidate its leading position in terms of capital in the group of securities companies.
SSI's Board of Directors set a growth target for 2024 and identified a number of directions for operations including: Promoting digital transformation to innovate business models, targeting customer groups with specialized needs; taking advantage of capital scale to provide unique products to customers...
SSI's business plan for 2024 includes consolidated revenue of VND 8,112 billion and consolidated pre-tax profit of VND 3,398 billion, an increase of 19% over the previous year. In addition, SSI will continue to implement the plan to offer and issue shares approved by the General Meeting of Shareholders in 2023. Specifically, at the end of December 2023, SSI shareholders approved two capital increase plans including issuing more than 302.2 million bonus shares to increase capital at a ratio of 100:20 and offering more than 151 million shares to existing shareholders at a price of VND 15,000/share at a ratio of 100:10. In total, SSI will issue more than 453.3 million new shares. After this issuance, SSI's charter capital is expected to increase from over VND 15,111 billion to nearly VND 19,645 billion, consolidating its No. 1 position in terms of capital in the group of securities companies.
By the end of 2023, SSI's total assets will be recorded at VND 69,241 billion, up 32.6% compared to 2022 and continue to maintain its No. 1 position in the securities industry in terms of asset size. Net revenue will reach VND 7,281 billion, up 11.5% and pre-tax profit will reach VND 2,849 billion, up 35% compared to 2022, exceeding 105% of the revenue plan and 112% of the profit plan set by the General Meeting of Shareholders.
Source: https://thanhnien.vn/ong-lon-ssi-se-tang-von-len-hon-19600-ti-dong-cung-co-vi-tri-dan-dau-ve-von-185240425170513494.htm
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