Hanoi Stock Exchange eyes profit of 13.2 million USD in 2019
The Hanoi Stock Exchange (HNX) eyes 308 billion VND (13.2 million USD) in pre-tax profit in 2019, up 0.3 percent year on year, and 594.3 billion VND in total revenue, up 5.66 percent year on year.
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In addition, the bourse will increase its budget for research and development to 76.2 billion VND in 2019, from 2018’s figure of 10.5 billion VND.
In the draft plan HNX submitted to the Ministry of Finance for approval, the northern bourse will enhance its supervision of information disclosure on companies that trade shares on the stock market.
The HNX will also revise and complete the framework on monitoring stocks, especially those that are traded on the Unlisted Public Company Market (UPCoM), and work with brokerage firms to implement the market-making mechanism for the stock market.
In addition, the northern bourse will propose the State Securities Commission (SSC) allow investors and securities firms to carry out margin lending for UPCoM-traded large-cap companies to increase trading liquidity and help the Government sell stakes in those firms easier.
In 2019, the HNX will develop a draft on establishing the bond futures contracts, create futures contracts underlying the VNX200-Index, and work on legal documents to allow trading of other derivatives products.
In 2018, the HNX earned 562.5 billion VND in total revenue and 307.4 billion VND in pre-tax profit.
