Shares of DSC rose 3.6% on September 25, 2024, in reaction to the news of its upcoming exchange transfer, trading close to the resistance level of VND 23,000 per share. On September 26, DSC continued this positive momentum.
| DSC stock reacts positively to exchange transfer news |
The plan to transfer from UPCoM to the Ho Chi Minh Stock Exchange (HOSE) was announced by DSC‘s leadership at the annual general meeting in late March 2024. Prior to this, in early September, DSC had submitted its listing application to HOSE. Looking back to the second written ballot in 2023, the general meeting approved the cancellation of registration for trading DSC shares at the Hanoi Stock Exchange (HNX) and the listing of all shares on HOSE.
Under the ownership of the Thanh Cong Group, DSC Securities aims to list on HOSE
DSC was formerly known as Danang Securities Joint Stock Company, established on December 18, 2006, with an initial charter capital of VND 22 billion. In early 2018, the company’s shares were officially traded on UPCoM. In 2021, the company changed its name to DSC Joint Stock Company as it is known today.
During its operation, DSC has undergone multiple capital increases. Starting in 2008, capital was raised to VND 50 billion through a share offering to existing shareholders and employees; consecutive increases took place in 2012, raising it to VND 60 billion, and in 2021, a significant jump to VND 1,000 billion, both through private placements. Most recently, in 2023, capital exceeded VND 2,048 billion with a public offering and an employee stock ownership plan (ESOP).
| DSC‘s owner’s equity began to surge in 2021 |
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As of June 30, 2024, DSC‘s shareholder structure was concentrated, with two major shareholders: Chairman of the Board of Directors, Nguyen Duc Anh (born in 1995), holding over 35.6% (nearly 73 million shares), and NTP Investment Joint Stock Company, holding nearly 34.2% (70 million shares).
Mr. Nguyen Duc Anh also serves as Chairman and CEO of NTP Investment Joint Stock Company. Additionally, the young chairman is the legal representative of Thanh Cong Motor Vietnam Joint Stock Company and is related to Vu Anh Duc Trading Joint Stock Company, where his brother, Nguyen Quoc Toan, is a major shareholder.
In terms of business results, for the first six months of 2024, DSC recorded operating revenue of nearly VND 247 billion, a 27% increase compared to the same period last year. The company’s pre-tax profit exceeded VND 98 billion, a 40% increase, achieving 49% of the year’s plan (VND 200 billion). Finally, net profit reached nearly VND 79 billion, a 41% increase, supported by positive results in the previous quarter. Overall, DSC‘s semi-annual net profit has consistently grown in recent years.
| DSC‘s semi-annual net profit has consistently grown |
Huy Khai
