Shareholder asks SSI chairman whether a multi-fold rise in SSI shares can be promised; Nguyen Duy Hung responds.

Shareholder at SSI's 2026 AGM asked directly about the price outlook, noting that many stocks had risen multi-fold recently while SSI shares had been hoped to do the same. The shareholder requested that management clarify whether they could commit to strong growth for the stock in the near term. On the afternoon of April 23, SSI Securities Joint Stock Company (SSI) held its 2026 annual general meeting. At the meeting, a shareholder asked directly about the stock’s price outlook, citing that many tickers had risen multiple times, while SSI’s stock had been expected to do likewise. The shareholder urged leadership to clarify whether they could commit to strong growth for the stock in the near term. In response, Chairman of the Board Nguyen Duy Hung affirmed that SSI does not intervene in stock price movements on the market. “I have said many times, SSI does not do anything related to influencing stock prices. I personally do not trade my own stock. Everyone hopes the stock goes up, but whether it goes up is determined by the market and investors. As for whether I dare to promise the stock will increase multi-fold, I don’t think about it, let alone promise,” he emphasized. Facing concerns that SSI could become “aged” as many young brokerage firms backed by banks are rising, company leadership asserted that leading position does not come from flaunting scale or maximizing short-term profits. Instead, the leadership’s role requires investing resources to build the market and share common benefits. Regarding the strategy to maintain the position as the industry’s “elder brother,” Mr. Hung said the concept is not merely about scale or market share; its core is the ability to lead and contribute to overall market development. Accordingly, SSI remains committed to partnering with the market, rather than competing at all costs. To maintain its position, the company focuses on three main pillars: strengthening financial capacity to ensure resilience in a volatile market; shifting from growth in quantity to quality; and accelerating investment in technology. “If you push to win market share aggressively, that’s the approach of a ‘market hawker’, not an ‘elder brother’,” Mr. Hung noted. Regarding market share dynamics, management said the company is not pursuing a strategy of cutting fees to achieve short-term growth. Instead, SSI is focusing on upgrading the technology platform, moving strongly toward digital distribution channels, leveraging social networks and livestreams to reach individual investors more effectively. For the 2026 outlook, SSI believes the market will be influenced by factors such as potentially slower credit growth, rates likely edging up from the 2025 low base, and external risks like geopolitical tensions. Based on this, the company forecasts the VN-Index to hover around 1,800 points, with average liquidity of about 28.5 trillion VND per session. These macro and market scenarios form the basis for SSI to develop its 2026 business plan, with a target of consolidated revenue of 15,660 billion VND (up 19%) and pre-tax profit of 5,838 billion VND (up 15% from the previous year). At the AGM, shareholders also approved the dismissal of Kosuke Mizuno – Non-executive Board Member representing Daiwa Securities Group Inc – after his resignation. The meeting will proceed to elect a replacement from the candidate list announced. After the changes, the SSI Board of Directors will consist of 6 members, with Nguyen Duy Hung continuing as Chairman.