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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Data from last week indicate a shift in capital flows toward a short-term “risk-on” stance, with equity exchange-traded funds (ETFs) drawing strong net inflows globally while money moved away from defensive positioning into risk assets. U.S. equities extend gains amid ceasefire The U.S. stock market continued its upward momentum into…
TCBS, Techcombank’s brokerage arm, reported first-quarter pre-tax profit of more than VND 1,458 billion, up 11% year over year, with margin lending identified as the main driver.
In its Q1 financial report, Techcom Securities Joint Stock Company (TCBS) recorded revenue of VND 2,783 billion, up 37% year over year. Margin lending contributed VND 1,228 billion, accounting for more than half of total revenue and rising 68% year over year.
As of March 31, TCBS’s total margin loans outstanding reached over VND 44,700 billion, up about VND 1,000 billion compared with year-end. The margin on equity stood at approximately 98%, below the cap set by the State Securities Commission of 100%.
During the period, TCBS continued to lead the industry in advising on corporate bond issuances, mobilizing about VND 28,000 billion, equivalent to 86% of market share. In the equities segment, TCBS ranked third in brokerage market share on the Ho Chi Minh City Stock Exchange, behind VPS and SSI.
Net of expenses, TCBS’s pretax profit was VND 1,458 billion, up 11% year over year. The company noted that this was the lowest profit in the last four quarters.
For the annual general meeting documents prepared for April 25, TCBS set a full-year pretax profit target of VND 7,535 billion, up 18% from last year. By the end of Q1, the company had completed 19% of this year’s plan.
By the end of Q1, TCBS’s total assets reached VND 88,665 billion, up nearly 10% from the start of the year. Equity accounted for more than half at VND 45,466 billion. Financial liabilities were nearly VND 38,500 billion, with 98% classified as short-term.
TCBS is a subsidiary of Techcombank, with the parent bank owning nearly 80%. In addition to its profit performance, TCBS also leads the industry in market capitalization, with more than VND 120 trillion.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
