BVS sets revenue target of nearly $20m

BVS sets revenue target of nearly $20m

Bao Viet Securities Company (BVS) has set a target of VND454 billion (US$19.91 million) in revenues and VND143 billion, in after-tax profit, a company document preparing for 2018 shareholders’ meeting on June 5 revealed.

The document from the firm’s upcoming shareholders’ meeting stated that the revenue targets expected a year-on-year increase of 4.83 per cent and 9.44 per cent, respectively.

BVS is oriented towards the deployment of all business operations, focusing on promoting brokerage, advisory, proprietary trading, flexible and suitable for each stage, preparing the necessary conditions for effectively deploying derivative products.

The company also targets brokerage revenue of VND210 billion, up one per cent year-on-year and maintaining the top 10 market share in both exchanges. In case of big market fluctuations, shareholders will authorise the board of directors to adjust the business plan.

In addition, the company will focus on research, development and implementation of different capital mobilisation plans such as stocks and bonds in order to meet the capital needs for business activities as well as meet the capital requirements in the derivatives market.

It is expected that this year, the company will increase its chartered capital to VND1.083 trillion.

BVS, a subsidiary of Bao Viet Holdings, is a Viet Nam-based provider of investment services. The company offers securities brokerage services, underwriting services, custody services and investment advice to investors. It is also engaged in the trading of securities and the provision of corporate financial consulting services for share auctions and listings.

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