6 months, SHS Securities (SHS) reported a profit of 722 billion dong, 2.2 times higher than the same period

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(TEL) Saigon – Hanoi Securities Joint Stock Company (CODE SHS – HNX) has just announced, in the first 6 months of the year, the Company reached VND 722 billion in profit before tax, nearly 2.2 times the same period and reached 96% of the plan for the whole year of 2021.

In the second quarter of 2021, SHS recorded operating revenue of 595 billion dong, up 55% over the same period. The difference in revaluation of financial assets through profit and loss (FVTPL) increased by 41.5% to VND 253 billion, as many important proprietary investments of SHS recorded quite positive appreciation in value in the period. second quarter.

Brokerage revenue in the quarter reached VND 145.7 billion, 3.6 times higher than the same period last year, with the number of newly opened accounts increasing sharply, the number of accounts with transactions increasing by 50% and the overall market liquidity improving. Margin loans at the end of the second quarter reached VND 4,333 billion, up 143% compared to the beginning of the year and 82% compared to the end of the first quarter. Operating expenses reached VND 148.8 billion, up 116% over the same period last year.

Thus, the company’s pre-tax profit in the second quarter of 2021 reached VND 384 billion, up 46% over the same period. In the second quarter, the Board of Directors of SHS approved the plan to issue bonus shares and sell preferential treatment to existing shareholders, increasing capital to VND 3,250 billion.

In the first 6 months of 2021, SHS achieved a revenue of 1,188 billion dong, up 51% over the same period. Profit from proprietary trading in stocks and bonds, reached VND 577 billion, up 28% over the same period.

Brokerage revenue reached VND 241.8 billion, 3.6 times over the same period despite strong competition in the market thanks to SHS strengthening additional capital sources for the brokerage sector as well as improving the system and upgrading services.

Revenue from securities underwriting activities reached VND 72.6 billion, nearly 3 times higher than the same period last year. SHS has successfully conducted equity and bond capital arrangements for many businesses in various fields, ranging from manufacturing to industry, construction, seaports, renewable energy, real estate and finance with a total successfully issued bond volume of more than VND 20,000 billion in the first half of the year.

In the first half of the year, the company’s pre-tax profit reached VND722 billion, nearly 2.2 times higher than the same period last year and reached 96% of the profit plan for the whole year of 2021.

In the first 6 months of the year, SHS ranked 5th in the stock brokerage market share on HNX with the rate of 5.78%. In addition to a large amount of additional capital to provide margin to customers in 2021, SHS also combines the implementation of flexible financial products, and in-depth consulting quality.

SHS has invested in the new trading system of Lotte (Korea), enhanced order placement speed, derivatives trading and asset management features, providing a good experience for customers.

From the above comparison table of companies in the industry, SHS’s return on equity (ROE 12 month slip) is at 30.8%, significantly higher than the industry average of 21.5% while SHS is trading moving at a 12-month sliding P/E threshold of 8.5 times, significantly lower than the industry average of 12.4 times (according to closing data on July 16, 2021).

SHS stock movement was positive in the second quarter of 2021 when it recorded an increase of nearly 55% by the end of June 30, 2021.

On the market, temporarily closing the morning session of July 20, SHS shares increased 1.9% to 37,100 dong/share, matched volume reached 4.25 million units.

Source: tinnhanhchungkhoan.vn – Translated by fintel.vn