Chủ đề: profits

Thanks to large volumes of cash going into the stock market and a record number of new accounts being opened, securities companies posted a successful 2021. Many reported record profits. Of note, Agriseco’s after-tax profit increased four-fold compared to 2020 and more than double the figure posted by BVSC.

Mr. Michael Kokalari, Chief Economist at VinaCapital, believes that the profits of listed companies will increase sharply next year and recommends that investors not sell shares at this time.

Social distancing measures to prevent the spread of Covid-19 in Vietnam are expected to affect the profits of industry groups in the second half and there will be major differences seen between businesses in the same industry. Most industries grew by double digits in the first half of the year, except for consumer services, insurance, and food and beverages. The information technology industry is expected to recover in the 2021-2025 period.

Involved in self-trading, some securities companies have a large market share but revenue is quite small and profits are almost non-existent. Since some accept lower brokerage fees and interest rates, investors stand to benefit the most.