HCMC, Sep 27,2021 - Forbes Vietnam magazine in the issue of September 2021 has announced the list of 25 leading financial brands in 2021. This is the first time Forbes Vietnam has calculated in detail the list of the most valuable brands in the financial industry. Main sectors include banking, securities, and insurance. In which, HSC is honored as one of the leading financial brands in the securities industry with a valuation of 20 million USD.
Using the calculation method of Forbes (USA), Forbes Vietnam quantifies the value of a brand through financial indicators, based on the business's ability to generate profits. In this year's list, the value of financial sector brands has increased strongly due to two main reasons: Firstly, the financial industry, specifically banking and securities, both witnessed a sharp increase in profits in fiscal year 2020. Secondly, in the context of low interest rates and the epidemic, Vietnam's stock market attracting cash flow and investors' attention, bringing the average P/E ratio of the market to about 18 times. At the time of calculating and publishing the list of previous years, the average P/E of the stock market was about 11 - 13 times.
Accumulative 1H2021, HSC achieved a total revenue of VND1,505 billion, 2.2 times higher than the same period last year. HSC’s cumulative profit before tax for 1H2021 reached VND754 billion, strongly increased by 140% same period last year, completed 63% yearly target (approved at AGM in April 2021). After the first 06 months, HSC achieved earning per share (EPS) of VND 1,983. The return on asset (ROA) and return on equity (ROE) ratios were 4,3% and 13.1% respectively.
As a leading securities company, always at the forefront of applying technology in operations, from the onset of the pandemic, while many were still struggling to react, HSC promptly moved to form its approach in responding to the many challenges that Covid-19 has presented. A Covid-19 crisis management and business continuity plan has been established to help the HSC maintain sound operations and move towards sustainable development HSC has been focusing on improving its online trading system and customer services.