Press Release: Separate Financial Statement of 2Q2018

Saigon Securities Inc. (SSI – HOSE) reported its separated revenue and earnings for the second quarter and first half of 2018.

2Q2018 was a tough time for Vietnam Stock Market. VN-Index felt down 18.19% and market trading value declined 15% compared to 1Q2018. Even though it was the worst quarter for the market since 4Q2008, SSI recorded good business results. 2Q2018 revenue was VND 1,033.38 billion and profit before tax was VND 392.7 billion. For the first 6 months, revenue reached VND 2,105.4 billion and profit before tax reached VND 872 billion, representing a 60.3% and 19.3% YoY increase respectively. 1H2018 consolidated profit before tax is estimated to be VND 885 billion. SSI market share firmly maintained 1^st position at 23.08% on HOSE and 11.18% on HNX. This is the 18^th consecutive quarter that SSI has been the top leader on HOSE, and is also the very first quarter that Vietnam Stock Market witnessed a securities company that has more than 20% of market share. Accordingly, revenue from Brokerage Services increased 83% YoY, reaching VND 340.3 billion. Average margin lending exposure was above VND 6,300 billion, 13% higher compared to previous quarter. 2Q2018 revenue of Securities Services also recorded a strong growth of 73.9%, accounting for 53.1% of the Company revenue.

SSI continued to affirm its leading position in investment banking field with several successful deals in the first half of 2018. One of the notable deals is secondary offering of 267.8 million shares of Vinhomes JSC. (VHM – HOSE) with total transaction value at USD 1.35 billion. SSI also provided advisory services for Vinhomes to successfully list 2.68 billion VHM shares on HOSE at 17 May 2018. Revenue from Investment Banking and Others increased 57.5% YoY. Also in the second quarter, SSI has been awarded as “Best Investment Banking” and “Best ECM House” by Finance Asia. They recognized SSI as a prominent investment banker in Vietnam who has been able to execute a number of outstanding large-sized deals.

Treasury also had a good and stable quarter. Revenue reached VND 175.2 billion, increasing 61% compared to the one of 2Q2017, and accounting for 17% of Company revenue. Revenue from Principal Investment was VND 294.7 billion, accounting for 28.5% of Company revenue.

In 2Q2018, the decline in stock market cause SSI to revalue its investment portfolio, which caused SSI to record its total expenses at VND 640.6 billion, represents increase YoY. This is the main reason to increase expenses and decrease profit of the Company in 2Q2018.

As of 30 June 2018, the Company recorded its total asset at VND 19,968.87 billion, and owners’ equity at VND 8,714.67 billion.

Summary of 2Q2018 separate financial statement can be downloaded here.                             

Investor Relation

SSI 

1C Ngo Quyen, Ly Thai To, Hoan Kiem, Ha Noi

T: (+84 - 24) 3 936 6321 ext. 772 | F: (+84 - 24) 3 936 6311 | E: [email protected]| W: www.ssi.com.vn

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