After having declined for four straight weeks, the Vietnamese market may rebound in December as analysts and securities companies expect that cheaper shares will attract hungry investors amid the world’s volatility.
SSI Securities Corporation (SSI) again had the biggest stock-brokering market shares on both Ho Chi Minh and Hanoi stock exchanges in the third quarter of the year.
SSI Securities Corporation received two Asiamoney Best Southeast Asia Securities House Awards from Asiamoney, a leading finance and investment magazine in the Asia-Pacific, at a ceremony in Singapore this week.
A total of 117 trillion VND (5.03 billion USD) worth of corporate bond notes were raised in the first eight months of 2019, according to SSI Securities Corporation’s research unit.
Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Many leading Vietnamese securities firms reported lower profits in the first half of 2019, according to the Ho Chi Minh Stock Exchange (HoSE).
Covered warrants will be an alternative technical tool as foreign investors are not limited to buy the securities product and can freely trade it as domestic investors do.
Liquidity in the interbank market has been abundant, helping the State Bank of Vietnam (SBV) resume the issuance of treasury bills after five months to withdraw Vietnamese dong from the banking system.
Interest rates for VND deposits would remain stable or even decline over the next few months, analysts from Saigon Securities Inc. (SSI) forecast.
Vietnam was one of the fastest growing economies in the world in 2018 with a decade-high GDP growth of 7.08%, however, it still ranked 136th out of 188 countries and territories in terms of GDP per capita, according to Nguyen Chi Dung, minister of Planning and Investment.
Dragon Capital, a Ho Chi Minh City-based fund management company, has become a major shareholder in Vietnam’s three biggest securities firms.
The State Bank of Vietnam (SBV) may sell part of its foreign reserves to stabilise the monetary market if the exchange rate continues to climb, the Saigon Securities Incorporation (SSI) forecast.
Saigon Securities Incorporation (SSI) remained the largest broker in Vietnam in the second quarter of 2018, accounting for 23.08% of the brokerage market share, according to the Ho Chi Minh City Stock Exchange (HoSE).
Foreign investors have been net sellers over a couple of weeks, but this does not mean they are leaving Vietnam, experts say.
The derivatives market proved its attractiveness when the value of transactions in this market rose threefold in April, when the stock market posted a downward trend, according to the Saigon Securities Inc. (SSI).
Saigon Securities Incorporation (SSI) targets pre-tax profits of VND1.615 trillion (US$70.8 million) on revenues of VND3.41 trillion (US$149.56 million) this year, year-on-year increases of 12% and 15%.
Many banks were estimated to meet 25%-30% of their annual profit targets by the end of March, although the first quarter is usually the most sluggish for banks.
Saigon Securities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4 million USD), the company said on February 9.
The State Bank of Vietnam (SBV) made a net cash injection of VND13 trillion (US$572.9 million) into the economy in the past week to support the liquidity of commercial banks.
After nearly eleven months of thorough preparation, the Ho Chi Minh City Stock Exchange (HSX) finally scheduled the debut of a new securitised option called covered warrant (CW) for March 2018.