SSI Securities Corporation released 4Q2019 and 2019 full-year Separate Financial Report
(Ho Chi Minh City, 20th January 2020) SSI Securities Corporation (SSI – HOSE) reported its separate earnings for the final quarter and full year of 2019.
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SSI Securities Corporation released 4Q2019 and 2019 full-year Separate Financial Report
20/01/2020
(Ho Chi Minh City, 20th January 2020) SSI Securities Corporation (SSI – HOSE) reported its separate earnings for the final quarter and full year of 2019. Revenue of 2019 recorded at VND 3,157.5 billion, profit before tax was VND 1,013.5 billion. The Company estimated consolidated revenue at VND 3,308 billion, delivering 112% of 2019 revenue plan; consolidated profit before tax at VND 1,105 billion, completing 2019 profit plan. 2019 brokerage market share reached 9.7% and 13.96% at HNX and HOSE respectively, topping both two stock exchanges, marking the 6th consecutive year SSI stayed at 1st position in HOSE ranking. Securities Services, Treasury and Principal Investment continued to account for the majority of Company’s revenue.
Vietnam Stock Market ended 2019 with full of unexpected movements for investors. Such positive sign is the introduction of Covered Warrant product, which helps investors to have more investment options, also promotes trading in equity market. In which, SSI issued 24 million CWs in total, equivalent to 44% of total CW issuance value, with the daily trading value accounting for 65% of the total CW trading.
In November 2019, HOSE officially unveiled three new stock indices, including Vietnam Diamond Index (VN Diamond), Vietnam Financial Select Sector Index (VNFIN Select), Vietnam Leading Financial Index (VNFIN-Lead) – in order to solve the FOL issue, paving the way for new ETFs coming to the market. At the same time, SSI Asset Management (SSIAM) also introduced ETF SSIAM VNFIN LEAD with fund size of USD 30 million, which is the very first ETF tracking new index, also the first one tracking industry index in Vietnam. It is expected to attract new ETF capital flow to Vietnam stock market next year. Also in Q4, SSIAM has signed a MOU to promote SSIAM’s fund products in Korea with NH-Amundi – one of the largest fund management companies in Korea and also among top 10 in the world.
Wrapping up a tough year of stock market, SSI, for the consecutive 7 years, proudly received all awards of 24 categories dedicated to company as well as individuals from Asiamoney Brokers Poll – the most prestigious award in Asian securities industry, including “Best local brokerage” with 35.36% of the voting, “Best for overall country research” with 29.85% of the voting and “Best overall sales services” with 32.73% of the voting. The Company also won “Best corporate and institutional adviser – Domestic” award from The Asset Triple A Country Awards 2019.
Summary of the 4Q2019 Separated Financial Statement can be downloaded here.
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SSI
1C Ngo Quyen, Hoan Kiem, Hanoi, Vietnam
T: (84-24) 3 936 6321 ext. 772 | F: (84-24) 3 936 6319
E: [email protected] | W: www.ssi.com.vn
09/07/2024