In Q1.2023, the average trading value on the stock market was only 11,400 billion VND/session, down 63% compared to the same period in 2022.
Fluctuating market conditions affect the activities of securities companies in general and HSC in particular. In this context, Q4. 2022, HSC achieved VND 489 billion in revenue, more than VND 154 billion in before-tax profit, decreased 43% and 56% respectively compared to the same quarter in 2022.
HSC achieved earnings per share (EPS) of VND 271. The return on equity (ROAE) ratio was 6.2%.
As of March 31, 2023, HSC’s total assets reached VND 14,139 billion, down 8% compared to the beginning of the period. In which, shareholders’ equity reached VND 8,016 billion.
Accordingly, three key businesses: brokerage, margin lending and proprietary investment contributed 98% of total net revenue in Q1.2023.
Brokerage services accounted for 27% of HSC’s total revenue, reaching VND 132 billion, a decrease of 53% compared to the same period in 2022.
Revenue from margin lending activities reached VND 223 billion, a decrease of 40% over the same period last year and accounting for 45.6% of total revenue.
Proprietary investment achieved VND 125 billion in revenue, decreased 33% y-o-y and contributed 25.6% to HSC’s 2022 revenue.
Revenue from corporate financial advisory recorded VND 1,9 billion, which decreased 58% over the same period last year.
