VNCredit Ranking About Us News Contact Us

The Bao Viet Securities Company (BVSC) has just approved a resolution to increase its profit plan for 2021.

Previously, in the first plan of the year, BVSC set a revenue target of 661 billion VND (29.2 million USD), with profit before tax of 157 billion VND.

However, as of September 30, BVS recorded revenue of over 784 billion VND, 2.2 times higher than that of the same period last year. Therefore, the securities firm’s profit after tax rose 118 percent year-on-year to 185.1 billion VND. Accordingly, BVSC has completed up to 139 percent of the profit target for the whole of 2021, which is 133 billion VND.

Based on the company’s business activities and the actual situation of the stock market in the first ten months of 2021, BVSC’s management board decided to adjust the business plan.

The company raises its revenue plan in 2021 from 661 billion VND to 880 billion VND, equivalent to an increase of 33 percent. Its profit before tax is also adjusted higher to VNĐ241 billion, equivalent to a climb of 54 percent.

With the adjusted plan, the securities company has completed 89 percent of the revenue target and 91 percent of the profit target.

Recently, BVSC Board of Directors approved October 12 as the last registration date to exercise the right to receive 2020 cash dividend at the rate of 8 percent, meaning a shareholders owning one share will receive 800 VND. The payment started from October 20.

With more than 72.2 million shares listed and in circulation, BVSC will spend nearly 58 billion VND to pay dividends this time to shareholders. Of which, Bao Viet Group (BVH) is expected to receive nearly 35 billion VND with the ownership rate of 59.9 percent in BVSC.

BVSC is listed on the Hanoi Stock Exchange (HNX) with ticker symbol BVS.

On the stock market, BVSC shares closed Monday at 41,500 VND per share, up 3.75 percent compared to the previous session and more than double the price of the beginning of 2021.