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Business Plan 2024 of Mirae Asset Securities
Source: Company’s Annual General Meeting documents
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The company’s plan for 2024 is to continue expanding its securities brokerage activities with the goal of increasing its market share in stock brokerage, fund certificates, and guaranteed warrants on the HOSE exchange to the top 5, thereby moving up one rank from the top 6 in 2023.
In addition, the company is planning to further invest in its system and technology team, while also striving to comply with the testing regulations of the KRX system. Furthermore, the brokerage firm stated that it is building its own software system with support from its parent company in South Korea, aiming to become one of the leading brokerage firms with a robust trading system in the market, meeting the maximum needs of its customers.
Notably, the company has announced that it is implementing and developing non-brokerage trading channels to anticipate the wave of investment in the stock market by a large number of new individual investors participating in the market. At the same time, it is preparing resources and finances to serve foreign organizations.
Looking back at the business results in 2023, the company recorded operating revenue of VND 2,515 billion, a 5% decrease compared to the previous year. Among these, lending and receivables activities had the largest proportion (57%), bringing in VND 1,434 billion; followed by securities brokerage services with VND 586 billion, accounting for 23.3%. Investment banking services also brought in significant revenue, over VND 161 billion.
The number of basic securities accounts at the company in 2023 was over 91 thousand accounts, a 25% decrease compared to the previous year; in contrast, the number of derivatives securities accounts increased by 36%, reaching over 37 thousand accounts.
In 2023, Mirae Asset Securities had a pre-tax profit of VND 740 billion, a 12.5% decrease compared to the previous year. After-tax profit reached VND 584 billion, a decrease of over 13%.
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Business Results in 2023 of MiraeAsset Securities
Source: Company’s Annual General Meeting documents
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The company also proposed to distribute profits in 2023 by paying a dividend of 7% per year to shareholders who purchased preferential dividend shares, and the remaining profits will be accumulated into the company’s equity capital.
Another important agenda item to be approved at the Annual General Meeting is the dismissal of individuals from the position of Member of the Board of Directors upon their voluntary resignation, including Mr. Ko Young Wan – Head of the Board of Directors, Ms. Dương Tuyết Mai, and Ms. Ngô Thị Trúc Linh, who are also Members of the Board of Directors. At the same time, the appointment of Mr. Jung Ho RHEE as the Head of the Board of Directors, Ms. Nguyễn Thị Thu Vân and Ms. Mai Diệu Trúc as Members of the Board of Directors, will be conducted.
