Ho Chi Minh City Stock Exchange (HoSE) has recently approved the listing of 204.8 million DSC shares of DSC Securities JSC. Currently, DSC shares are trading on the UPCoM at a market price of VND 23,000/share (as of the closing session on September 25), corresponding to a market capitalization of over VND 4,700 billion.
DSC Securities, formerly known as Danang Securities JSC, was established in 2006 with a charter capital of VND 22 billion in Danang. DSC Securities started trading its shares on the UPCoM at the end of 2017. In 2021, the company changed its name to DSC Securities JSC and relocated its head office to Hanoi, while also increasing its charter capital to VND 1,000 billion.
In 2023, DSC Securities raised its charter capital to over VND 2,048 billion by offering nearly 100 million shares to the public and issuing nearly 5 million ESOP shares. According to the 2023 annual report, the company has two major shareholders, including one institutional shareholder, NTP Investment JSC, holding nearly 34.2%, and one individual shareholder, Mr. Nguyen Duc Anh, Chairman of the Board of Directors, holding over 35.6%.
Mr. Duc Anh (born in 1995) was appointed as Chairman of the Board of Directors of DSC Securities in January 2021. The company introduced Mr. Duc Anh as a master’s degree holder in Economics from UMASS Boston University. Based on the current market price of DSC shares, the entrepreneur’s stock holdings are valued at nearly VND 1,700 billion.
Mr. Duc Anh is known as the F2 generation of Thanh Cong Group (TC Group), a diversified conglomerate with a strong presence in Vietnam’s automotive industry. Mr. Duc Anh is the son of Mr. Nguyen Quoc Hoan, who, according to the management report of PV Investment – Inconess Joint Stock Company (RGC), is the brother of Mr. Nguyen Anh Tuan, Chairman of TC Group.
In the first half of the year, DSC Securities reported a pre-tax profit of VND 98.5 billion, a 40% increase compared to the same period last year, achieving 49% of the year’s plan (VND 200 billion). Net profit reached nearly VND 79 billion, a 41% increase over the same period in 2023, mainly due to improved business performance in the first quarter.
As of the second quarter of 2024, DSC Securities’ total assets amounted to over VND 4,305 billion, a more than 4% increase from the beginning of the year. Of this, financial assets recognized through profit/loss (FVTPL) had a book value of VND 2,359 billion, a rise of over 53% compared to the beginning of the year, and remained relatively stable in terms of market value. The company held mostly certificate of deposits worth VND 2,060 billion, with the remaining VND 299 billion in listed shares. Total lending reached nearly VND 1,700 billion, a 13% increase from the beginning of the year, of which margin lending accounted for 93%.
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