Mr. Do Quang Vinh registered to buy 6 million undistributed SHS shares

Mr. Do Quang Vinh, Chairman of the Board of Directors of Saigon – Hanoi Securities (HNX: SHS) has just registered to buy 6 million unissued SHS shares in the recent 1:1 offering to existing shareholders. , raising ownership to 0.9% of charter capital. The implementation period is from May 30 to May 31. With the purchase price of 12,000 VND, Mr. Vinh will have to spend 72 billion VND to own the above shares.

In April, SHS Securities conducted an offering of 325.2 million shares to existing shareholders at a ratio of 1:1 at the price of 12,000 VND/unit and was restricted from transferring within 1 year. According to the Resolution of the Board of Directors issued on May 26, the number of shares sold was 294.4 million units, equivalent to 90.5% of the offering. With nearly 30.9 million shares remaining, besides Mr. Vinh, there were 21 other investors registered to buy.

Individuals registering to buy more than 1 million shares include Mr. Tran Tan Hong Cuong with 5 million shares; Mr. Ngo Van Minh 3.5 million; Mr. Cao Truong Son 3 million; Mr. Vu Trung Thanh 3 million; Mr. Nguyen Xuan Cuong 1.5 million…

At the end of the trading session on May 30, SHS shares were priced at 18,000 VND/unit, down 46% compared to the beginning of the year. Thus, the private offering price in the recent issuance is 33.3% lower than the current price.

Market share price of SHS.

This year, SHS sets its business plan based on the assumption that VN-Index is at 1,700 – 1,750 points, the average trading value per session is 26,589 – 27,900 billion dong. Accordingly, the total revenue is estimated at 3,428.2 billion VND, up 18.2% compared to the previous year. Profit before tax increased by 15.6%, reaching VND 2,025.6 billion.

The brokerage market share of SHS on HoSE is in the top 10, while on the HNX is in the top 6. However, in the market, considering the brokerage profit margin/revenue, Mr. Vu Duc Tien, General Director, commented that Securities SHS is in the top 1 with 38%, while the market average is only at 19.2%. SHS’s brokerage fee margin is 0.14%, while the market is at 0.12%. SHS focuses on developing the brokerage segment this year, accepting to reduce the brokerage fee margin to regain the top 6 market share on HoSE.

Regarding the first quarter business results, SHS recorded total revenue of VND 686.7 billion, up 15.7% over the same period. Profit after tax increased by 21.6% to VND 329.3 billion.

In addition to the private placement, SHS Securities also plans to issue 117.1 million shares to pay dividends in 2021, at the rate of 18%. Besides, the company will also issue 45.5 million bonus shares, with the rate of 7%.

According to Viet Hung