According to its Q1 financial report, Techcombank Securities Joint Stock Company (TCBS) recorded revenue of 2,783 billion VND, up 37% year-on-year. The company's margin lending segment contributed 1,228 billion VND, accounting for over half of total revenue and showing a 68% improvement compared to the same period last year.

As of 31/3, TCBS's total outstanding margin loans reached over 44,700 billion VND, an increase of approximately 1,000 billion VND from the end of last year. The company's margin-to-equity ratio stood at about 98%, which is below the 200% ceiling set by the State Securities Commission.

During the quarter, the company maintained its industry leadership in corporate bond issuance advisory, mobilizing approximately 28,000 billion VND and capturing an 86% market share. In the equity segment, TCBS ranked third in brokerage market share on the Ho Chi Minh City Stock Exchange, following VPS and SSI.

After deducting expenses, TCBS posted a pre-tax profit of 1,458 billion VND, an 11% increase compared to the same period last year. However, this represents the lowest profit recorded by the company in the last four quarters.

According to documents prepared for the annual general meeting on 25/4, TCBS has set a pre-tax profit target of 7,535 billion VND, an 18% increase over last year. This means the company has already completed 19% of its annual plan.

At the end of Q1, TCBS's total assets reached 88,665 billion VND, an increase of nearly 10% from the beginning of the year. Equity accounted for over half, totaling 45,466 billion VND. Financial debt was close to 38,500 billion VND, with 98% comprising short-term liabilities.

TCBS is a subsidiary of Techcombank, with the bank holding nearly 80% ownership. In addition to its profitability, the company also leads the industry in market capitalization, exceeding 120,000 billion VND.

Trong Hieu