Mr. Nguyen Quang Bao, Vice President of Vietcap Joint Stock Securities Company (code: VCI), has just registered to sell 2.8 million VCI shares from July 30 to August 28, 2024, to meet personal needs. If successful, Mr. Bao will reduce his holdings from nearly 3.2 million VCI shares (2% stake) to 395,320 shares (0.089% stake).
In the market, VCI shares closed at VND 44,600/share on July 26, down 17% from its 2-year high reached in mid-March. At this price, the Vietcap leader could pocket nearly VND 125 billion from the above transaction.
In terms of business results for Q2 2024, Vietcap recorded a net profit of over VND 279 billion, the highest in the past eight quarters and up 140% over the same period last year. According to the explanation, thanks to favorable market conditions, the proprietary trading segment realized profits from some investments, leading to a significant increase in revenue from financial assets measured at fair value through profit or loss (FVTPL).
For the first six months of 2024, Vietcap’s pre-tax profit exceeded VND 571 billion, up over 170% year-on-year, completing more than 80% of the full-year plan. Net profit reached VND 477 billion, up 151% compared to the first half of last year.
As of June 30, 2024, Vietcap’s FVTPL portfolio had a book value of VND 1,016 billion, an increase of over VND 184 billion compared to the end of Q1 2024. The company held over VND 760 billion in shares waiting for ETF swap and VND 212.6 billion in listed fund certificates. During the period, Vietcap sold all of its investments in HPG (VND 17.8 billion), CTG (VND 4.8 billion), and Listed Securities FVTPL (VND 382.5 billion).
The AFS portfolio had a book value of VND 5,307 billion, an increase of VND 389.5 billion compared to the end of Q1 2024. In the past quarter, Vietcap reduced the proportion of MSN shares from VND 178.2 billion (end of Q1) to VND 377 million (end of Q2), reduced the proportion of PNJ from VND 22.48 billion to VND 77.4 billion, and sold part of its KDH holdings from VND 944 billion to VND 805 billion.
As of June 30, 2024, Vietcap’s margin lending balance was VND 7,864 billion, a decrease of VND 555 billion compared to the historical peak at the end of Q1 2024.
