Press Release: Separate Financial Statement of 3Q2018

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

3Q2018 separated revenue reached VND 958.8 billion and profit before tax was VND 541.6 billion, growing up 53% and 227% compared to a year ago, respectively. For 9 months, the Company recorded its revenue as VND 3,064.2 billion, an increase of 55% YoY, and profit before tax as VND 1,413 billion, 57.9% increase from a year ago. Consolidated revenue for 9 months is estimated to be VND 1,350 billion, accounting for 84% of revenue plan.

3Q2018 was also a tough quarter for Vietnam Stock Market. Market liquidity felt down 19%. Transaction value from foreign clients declined significantly, from 21.5% of total transaction value in 2Q2018 down to 16.5% in 3Q2018 due to investors’ concerns over exchange rate risk, trade war, and a long market-correction from previous quarter. However, thanks to a long-term effective business strategy, SSI still recorded good business performance. SSI brokerage market share firmly maintained 1st position at 15.79% on HOSE and 11.7% on HNX – widening the gap with the following positions. Revenue from brokerage services increased by 32% YoY, reaching VND 222.59 billion in the third quarter. On Sep 2018, SSIopenedCach Mang Thang Tam transaction office – the 13th SSI transaction office in Vietnam and the 6th one in Ho Chi Minh City, expanding SSI retail distribution network in the market.

SSI continued to affirm its leading position in investment banking field by receiving “Best Bank in Vietnam for Equity Finance for Real Estate services” from Euromoney magazine. Revenue from Investment Banking was VND 83.6 billion, representing a significant increase compared to 3Q2017.

Treasury also had a good quarter. Revenue reached VND 203.8 billion, growing 67.8% YoY and accounting for 21% of total revenue. Thanks to the efficient treasury activities and the activeness in transaction with domestic and foreign banks, as of 30 Sep 2018, the Company recorded its total asset at VND 22,991.8 billion, marking an 26% increase compared to the beginning of this year. Revenue from Principal Investment was VND 276.4 billion, accounting for 28.8% of total revenue and increasing 43% YoY

The Company believed that SSI will achieve its 2018 business plan as presented at AGM in April, 2018