On the morning of July 1, 2024, the Ho Chi Minh City Stock Exchange (HoSE) announced and welcomed the first trading day of DSE shares of DNSE Securities Joint Stock Company
On the morning of July 1, 2024, the Ho Chi Minh City Stock Exchange (HoSE) announced and handed over the listing decision, welcoming the first trading day of DSE shares of DNSE Securities Joint Stock Company, officially bringing 330 million DSE shares into trading, raising the company's valuation to approximately 10,000 billion VND...
DNSE is the only securities company to conduct an initial public offering (IPO) and be approved for listing registration in the past 5 years. Thus, along with DNSE, there are currently 16 securities companies listed on HoSE (HSX), the largest and most developed stock exchange in Vietnam.
On the first trading day, the reference price of DSE shares is 30,000 VND/share, equal to the initial public offering (IPO) price, with a price fluctuation range of +/-20% compared to the reference price. With more than 330 million DSE shares listed, the corresponding market capitalization at the listing reaches 9,900 billion VND.
DNSE Securities, formerly Dai Nam Securities, was established in 2007 with a charter capital of 38 billion VND and has now increased to 3,300 billion VND, equal to 86.8 times the time of establishment. Before the IPO, the company had continuously increased its charter capital from 160 billion VND to 1,000 billion VND in July 2021; continued to increase capital from 1,000 billion VND to 3,000 billion VND in May 2022; and has just officially raised its charter capital to 3,300 billion VND after successfully IPOing 30 million shares.
Also in January 2024, the reputable foreign fund PYN Elite Fund (Finland) invested in DNSE with a value equivalent to 12% of DNSE's share capital at that time.
With the official listing on HoSE, DNSE Securities has realized a strategic step in increasing the company's scale, while also opening up opportunities to quickly and effectively raise capital from major domestic and international investors, enhancing transparency and corporate reputation, thereby promoting strong growth in the future.
Ms. Nguyen Thi Viet Ha, Acting Chairman of HoSE hands over the listing decision to Ms. Pham Thi Thanh Hoa, General Director of DNSE.
Mr. Nguyen Hoang Giang, Chairman of DNSE's Board of Directors shared: "The successful listing on HoSE is a proud milestone for our DNSE team. DNSE has achieved the plan set out in more than 3 years of changing models, perfecting platforms, infrastructure, achieving growth steps to meet the requirements of listing on HoSE. This is a solid premise for the next steps, with the goal of making DNSE become a leading technology securities company, bringing value to shareholders, customers, partners".
Mr. Giang affirmed that DNSE's vision is to become a new generation securities company, using technology to simplify investment. That is the difference, pioneering in the market and also the competitive advantage that has brought DNSE rapid development in recent times.
Mr. Nguyen Hoang Giang, Chairman of DNSE's Board of Directors speaks at the DSE Shares Listing Decision Ceremony.
Mr. Nguyen Hoang Giang, Chairman of DNSE's Board of Directors shared: "The successful listing on HoSE is a proud milestone for our DNSE team. DNSE has achieved the plan set out in more than 3 years of changing models, perfecting platforms, infrastructure, achieving growth steps to meet the requirements of listing on HoSE. This is a solid premise for the next steps, with the goal of making DNSE become a leading technology securities company, bringing value to shareholders, customers, partners".
Mr. Giang affirmed that DNSE's vision is to become a new generation securities company, using technology to simplify investment. That is the difference, pioneering in the market and also the competitive advantage that has brought DNSE rapid development in recent times.
Mr. Nguyen Hoang Giang, Chairman of DNSE's Board of Directors held the bell-ringing ceremony.
In the future, DNSE will continue to plan to attract customers and gain market share by diversifying capital sources, providing more products and services with high technology content and personalization, meeting customer needs.
DNSE's revenue and profit growth drivers come from a differentiated product system, leading the market such as diverse margin loan packages, virtual stock assistants providing quick information, along with a diverse customer development network through API connections with financial partners like ZaloPay, or social media channels like Bull and Bear...
After increasing capital through the IPO and listing, in the next 5 years, DNSE aims to reach 5 million customers, a market capitalization of 72,000 billion VND (3 billion USD), and a profit of 2,400 billion VND (100 million USD).
At the 2024 Annual General Meeting of Shareholders in April, DNSE set a total revenue target for 2024 (including operating revenue, financial revenue and other revenue) with a base scenario of 1,119 billion VND in total revenue, up 51% compared to the previous year. In the other two scenarios, DNSE expects to reach 1,390 billion VND in total revenue (optimistic scenario), up 88%; and 868 billion VND, corresponding to an increase of over 17% in the less positive scenario (scenario 2).
In terms of profit, DNSE plans to achieve after-tax profit in 2024 of 335 billion VND, up 46% compared to 2023; expecting a maximum of 445 billion VND (in the prospect scenario), nearly double that of 2023 and setting a minimum plan of 170 billion VND, down 26%.
Recently, in Q1/2024, DNSE's business results recorded positive figures with revenue increasing by 21%, profit after tax increasing by 78% compared to the same period. At the same time, DNSE consistently ranks among the top leading market share of new accounts. In the first 5 months of 2024, DNSE accounted for nearly 30% of the total new accounts opened in the entire market.
As of the end of June, DNSE manages nearly 41,000 billion VND, equivalent to 1.7 billion securities, growing more than 50% compared to the beginning of the year. In the first 6 months of 2024, DNSE's basic securities trading value has grown by 58% compared to the same period. Regarding derivative trading, in 2024, DNSE executed nearly 2.4 million derivative contracts and continuously set new records in market share. Accordingly, DNSE ranks in the Top 5 derivative brokerage market share in Q1/2024 (4.01%) and is expected to continue to increase in ranking in Q2/2024.
In the context of the stock market in 2024 having many development motivations, along with different, flexible strategies and prospects of the technology securities model, DSE shares are expected to bring growth opportunities and sustainable, long-term value for domestic and foreign investors.
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