TCBS wants to use 3,000 billion VND to invest abroad in stocks and bonds

Techcom Securities Corporation (TCBS) announced documents for the annual general meeting of shareholders to be held on April 22, 2025.  

At the congress, TCBS will present its 2025 business plan with a growth rate of over 20%.  

In 2024, TCBS will continue to be the most profitable securities company in the industry with pre-tax profit reaching VND 4,802 billion, up 59% compared to 2023 and exceeding 30% of the plan set by the General Meeting of Shareholders. TCBS's total assets reached more than VND 53,000 billion, up 22% compared to the end of 2023. Thanks to its capital advantage, TCBS has increased its margin lending balance to nearly VND 26,000 billion, making it the securities company with the largest margin lending market share.  

With these results, TCBS said the company has abundant financial resources and is qualified to expand its business operations, ready to take advantage of new opportunities in the context of the Vietnamese stock market aiming to upgrade its market status.  

The specific financial targets that TCBS will submit are VND 9,323 billion in total revenue and VND 5,765 billion in pre-tax profit, growing by 22% and 20% respectively compared to 2024.  

In 2025, in addition to expanding the distribution network and promoting AI and technology applications, TCBS will focus on upgrading its trading infrastructure. In particular, the key project is to build a new core securities trading system to ensure compatibility with HoSE's KRX system, and develop a core warrant trading system to better support secured warrant transactions.  

In particular, TCBS also determined to invest heavily in Blockchain application products and services, ensuring transparency and security.  

From 2025, TCBS plans to seek investment opportunities in foreign markets, thereby making indirect investments in these markets to diversify its investment portfolio. Therefore, TCBS will submit to shareholders for approval an expected investment of VND 3,000 billion in financial instruments such as stocks, fund certificates, bonds, treasury bills, valuable papers, derivatives, etc. in countries classified as developed and emerging markets by international organizations specializing in classifying stock markets such as MSCI and FTSE Russell.  

TCBS will invest in foreign markets through direct trading or investment through entrustment to foreign financial intermediary institutions.  

Regarding the plan to increase capital through the private offering of shares to 25 professional investors who are senior leaders and organizations/individuals with important contributions that was previously approved, TCBS also submitted to the congress a plan to use the VND 1,376 billion expected to be collected from this issuance. Specifically, TCBS will use VND 482 billion for securities brokerage, margin lending, and sales advances. The remaining VND 895 billion will be used for proprietary trading activities to continue to maintain high yields, especially during the period when the market is being priced attractively.  

This issuance is expected to offer an additional 118.8 million shares at an expected offering price of VND11,585/share and will be implemented in the first and second quarters of this year. After implementation, the company's charter capital will increase to VND20,801 billion.  

Source: https://baodautu.vn/tcbs-muon-dung-3000-ty-dong-ra-nuoc-ngoai-dau-tu-co-phieu-trai-phieu-d261377.html