Fast and sustainable growth
To achieve its position as one of the 500 fastest growing enterprises in Vietnam 2024, TCSC has gone through the necessary time to lay the foundation, build, restructure and develop into its current state.
Established on January 31, 2008 with an initial charter capital of 360 billion VND, by 2018, TCSC became a member of SaiGon 3 Group – marking an important turning point in the Company’s development path: operates in all fields of securities business including Brokerage, Proprietary Trading, Underwriting and Investment Consulting.
Since then, TCSC’s scale has grown continuously, its charter capital has tripled – reaching nearly 1,010 billion VND; Total assets increased more than 5.6 times, reaching 1,802 billion VND and will continue to increase strongly in the future. TCSC aims to be in the top 10 securities companies with the best profitability ratio in the market, with a capitalization of VND 10,000 billion by 2025.
In the financial report for the first quarter of 2024, TCSC recorded a 55.2% increase in the Company’s total revenue over the same period. This is a good signal for the Company to complete its 2024 plan: Revenue of 382 billion VND, one and a half times the 2023 target; Expected profit after tax is 148 billion VND, an increase of 31%. These targets for 2025 are expected to be 483 billion VND and 187 billion VND, respectively, an increase of 27% compared to the 2024 plan. The dividend payout ratio for 2023, 2024 and 2025 is expected to be 5%.
“Quality makes the difference” – that is a unique mark and an affirmation of the service commitment that TCSC has for customers.
Will overcome fierce challenges
Winning the FAST 500 Award – Top 500 Fastest Growing Enterprises in Vietnam 2024 ranking is a testament to TCSC’s steps in the right direction over the past time.
Along with the recent January 26, 2024, nearly 101 million shares of Thanh Cong Securities Joint Stock Company (TCI code) from the unlisted stock trading market (UPCoM) were transferred to officially listed on the Exchange. Ho Chi Minh City Stock Exchange (HoSE) with reference price of 13,050 VND/share, 2024 is truly an important moment for TCSC to transform and develop further.
The Vietnamese stock market is considered to have great growth potential, especially when the Vietnamese economy benefits from the pivot strategy of international investment capital flows. As one of the businesses operating effectively in this market, TCSC is proud of its outstanding business achievements and contributions to the Vietnamese economy, opening up many opportunities and attracting strong investment resources. strongly, contributing to promoting Vietnamese business brands to the domestic and international business community.
FAST500 – Ranking of Top 500 Fastest Growing Enterprises in Vietnam – published annually since 2011, based on independent research and evaluation results according to international standards of Vietnam Report with the advice of experts. domestic and foreign experts and advisory councils. The program is jointly organized by Vietnam Report and VietnamNet newspaper. The FAST 500 ranking aims to find, honor and promote businesses with high efficiency and fastest growth – the “rising stars” of the Vietnamese Economy.
H. Minh
