DNSE Securities has released its Q3/2024 financial report, posting impressive results with operating revenue reaching VND 193.7 billion, a 12% increase compared to the same period last year.
The company’s Q3 margin lending balance witnessed robust growth, surging to VND 3,978.8 billion, representing a 65% increase from the beginning of the year and an 89% jump from Q3 2023. Securities brokerage revenue climbed to VND 33 billion, equivalent to a 39% year-over-year increase, and this segment remains the primary contributor to the company’s operating revenue.
Income from loans and receivables rose by 19% year-over-year to VND 93.4 billion. Operating expenses increased by 4% from the previous year to VND 107.5 billion, while administrative expenses witnessed a substantial surge of 76% to VND 31.7 billion.
Net profit reached VND 44.3 billion, marking a 10% increase compared to the same period last year. Despite the cautious investor sentiment leading to reduced market liquidity in Q3, DNSE successfully maintained stable revenue growth and sustained profit expansion compared to Q3 2023.
For the first nine months of 2024, DNSE’s securities brokerage revenue hit VND 105.3 billion, reflecting a remarkable 115% year-over-year increase. Operating revenue and net profit for the same period stood at VND 573.4 billion and VND 148.6 billion, respectively, translating to a 15% and 14% rise compared to the previous year.
In addition to its impressive financial performance, DNSE also experienced substantial growth in its customer base, capturing 20.21% of the market share for new account openings in September 2024.
Notably, in the derivatives segment, DNSE has been consistently climbing the rankings. Starting from the 4th position in Q2, the company rose to 3rd place in Q3/2024, capturing a 5.3% market share in derivatives brokerage. This segment has been a key focus area for DNSE’s business expansion strategy in 2024.
With a strong customer-centric approach to its research and product development strategies, DNSE has been introducing innovative financial products to boost the growth of its brokerage business.
As the leading digital securities company in Vietnam, DNSE offers a unique margin lending and trading system, providing transparency in taxes and fees while minimizing the risk of forced liquidation of stocks within a portfolio. The company offers flexible margin lending packages with attractive interest rates starting at just 5.99% or 9.99%. Additionally, DNSE provides a range of interest-free loan packages, from 3 to 5 or even 10 days, catering to the needs of short-term traders.
DNSE also offers automated tools that empower investors with flexibility and control over their lending strategies, such as the Fin X package, which allows investors to propose their desired loan terms without restrictions on the number of stock symbols.
In the derivatives space, DNSE has quickly gained market share thanks to its high-speed, stable trading system that minimizes the steps required for placing trades, catering to the immediate needs of derivatives traders. The platform also offers automated profit-taking and stop-loss order placement, enabling investors to effectively navigate the fast-paced derivatives market while ensuring efficient risk management.
With strong support from derivatives traders, DNSE is currently hosting the “Derivatives Arena” trading competition, which has been running since April 2024. This initiative has proven to be an effective customer acquisition channel, significantly contributing to the growth in both customer base and trading volume. In just over six months, the competition has attracted more than 9,500 participants and facilitated nearly 740,000 derivatives contracts. The competition will continue through December 2024, further bolstering DNSE’s performance in this key business segment.
Looking ahead to Q4 2024, market experts anticipate a strong recovery in consumer demand and sustained profit margin expansion due to effective management of input costs. The growth prospects for Q3 and Q4 2024 appear positive across most sectors, boding well for the stock market and presenting opportunities for securities companies like DNSE to further drive growth in the remaining months of the year.
The Flow of Funds: What to Do When Stocks Have Good Earnings but Prices Don’t Rise?
The Q3 2024 earnings season is in full swing, yet market movements have not reflected commensurate reactions. Last week, the VN-Index declined for the first three sessions, rebounded on Thursday, but faltered in the final trading session. The index once again retreated as it approached the 1,300-point mark. The HoSE’s average matching liquidity did not show any significant improvement and even witnessed a slight decline.
The Turnaround: How Vua Nem Reversed its Fortunes and Reduced Losses
Quick responsiveness to market fluctuations, agile pricing strategies, and product diversification have been instrumental in Vua Nem’s remarkable turnaround. The company adeptly navigated through challenging times, avoiding potential losses and achieving positive growth.
The Capital-Raising Enterprise: How TTC Group Masters the Art of Bond Issuance
“The investment arm of TTC Group, TTC Investment, has successfully raised 2,000 billion VND through a bond issuance. This successful fundraising effort underscores TTC Investment’s strong standing in the market and the confidence that investors have in the group’s prospects.”
Profits Plummet as Hoang Quan Mekong’s Debt Reaches 15 Times Equity
Hoang Quan Mekong reported a net profit of over 231 million VND in the first half of 2024, a staggering 92% decrease compared to the previous reporting period. The company’s total liabilities exceeded 5 trillion VND.
