HSC continues to be honored in the Top 50 Best Performance Companies in Vietnam

HCMC, 13 July 2020, Ho Chi Minh City Securities Company (HSC) (HOSE: HCM) continues to be honored in “Top 50 Best Performance Companies in Vietnam 2019”, selected by Nhip Cau Dau Tu magazine.

This is a prestigious ranking in Vietnam with the consultation of leading economic and business experts from Harvard Business School, reference from prestigious world rankings such as Bloomberg Businessweek, Fortune, Forbes. Global…. The award ceremony was held on 10/07/2020 at GEM Center, Ho Chi Minh City

The rankings show the business performances and reflect corporate governance capability over the past three years. Voting criteria include market capitalization, revenue, net profit in the 2017-2019 period, ROAE, EPS. Accordingly, HSC is now one of the leading securities companies with positive indices.

HSC’s cumulative net revenue in FY2019 was VND1,262 billion, The return on average equity (ROAE) was 11.17%. Earnings per share (EPS) in 2019 was VND1,596. End of 2019, HSC’s total asset reached VND7,489 billion and increased 42% in compared with last year as of December 31, 2018. The cost / income ratio in FY2019 was 58% while it was 51% in FY2018.

For 2020, HSC targets to achieve a total revenue of VND1,297 billion. The target net profit after tax is VND453 billion. The return on average equity ratio (ROAE) in 2020 is expected to be at 10.8%. In the first 6 months of 2020, despite negative impact of the Covid-19 epidemic, HSC’s revenue is estimated at VND 655 billion, an increase of 9.4% over the same period in 2019, profit after-tax is estimated at VND 245 billion, an increase of 27% compared to the first 6 months of 2019. Revenue and profit after tax respectively achieved 50% and 54% of the 2020 plan.

In 2020, in order to help investors, choose a safe investment channel in the current unfavorable stock market, HSC introduces Active Bond - a corporate bond product guaranteed by outstanding brokerage capabilities of HSC and leading issuers. Active Bond meets safety criteria, yield higher than savings rates from 0.2% to 0.8% per year. Investors can easily sell bonds to withdraw cash when needed, therefore, Active Bond is suitable for investors to optimize cash returns.