On April 10, 2025, Saigon - Hanoi Securities Corporation (SHS) will hold the 2025 Annual General Meeting of Shareholders.
In 2024, SHS recorded pre-tax profit of VND 1,239.3 billion, exceeding the plan by 19%. Total assets by the end of 2024 were VND 14,027.7 billion. Owner's equity reached VND 11,211 billion. ROE reached 8.8%.
2025 is the final year of the 2021-2025 medium-term plan and the Government has set a record public investment plan, increasing by 44% compared to 2024, along with a credit growth target of about 16% to support investment activities. However, risks to the Vietnamese economy also exist when the world economic growth momentum is not as expected, the risk of being taxed on exported goods and the slow decline in US interest rates may continue to put pressure on the domestic exchange rate.
With the view that the stock market in 2025 may fluctuate strongly, the SHS Board of Directors assumes that the VN-Index will fluctuate between 1,394 - 1,420 points, with an average trading volume of VND 23,100 - 25,200 billion/session and will submit to the General Meeting of Shareholders a plan of total revenue of VND 2,519.8 billion and pre-tax profit of VND 1,600.6 billion. These two targets increase by 26% and 29% respectively compared to the implementation in 2024.
SHS will also submit a plan to distribute profits in 2024 with a 10% cash dividend, and it is expected that the company will spend more than VND 813 billion to pay dividends to shareholders.
In addition, SHS continues to request to implement previously approved issuance plans that have not been completed as planned.
Specifically, the ESOP issuance plan approved at the 2024 Annual General Meeting of Shareholders has been approved but the company has not implemented it and continues to submit an issuance plan in 2025 with an issuance quantity of 5 million ESOP shares, offering price of VND 10,000/share.
The plan to implement the offering/issuance and listing of covered warrants was also approved at the 2023 and 2024 annual meetings. The Company has developed internal procedures related to this activity but has not yet implemented it due to recent market conditions not being suitable for implementing highly leveraged products such as warrants.
In order to have more legal basis for implementing this activity in 2025 when the market is stable and there are many clear business opportunities, the Board of Directors continues to submit to this year's General Meeting of Shareholders for approval the policy of issuing, offering, listing and creating secured warrant transactions at the company.
The proposal on the implementation plan for providing clearing and settlement services for securities transactions through a central clearing partner and offering financial products will also continue to be presented at this year's annual meeting.
At the upcoming meeting, SHS also asked shareholders to approve the move of its headquarters from 41 Ngo Quyen to 43 Ngo Quyen, Hang Bai Ward, Hoan Kiem District, Hanoi.
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