The meeting of the Board of Members of Yuanta Securities Vietnam Co., Ltd. on August 12 approved the adjustment of the company's business plan for 2025.
According to the adjusted plan, the total revenue target decreased from the initial VND 827 billion to VND 793.6 billion. The average outstanding margin loan target decreased from VND 5,550 billion to VND 5,042 billion. These two targets were adjusted down 4% and 9% respectively compared to the previous plan.
Yuanta recorded consecutive profit declines in the first two quarters of 2025. Meanwhile, in the second quarter, with the increase in market liquidity, a series of securities companies benefited by increasing their proprietary trading activities and achieved significant growth.
Meanwhile, Yuanta has a policy of not engaging in proprietary trading to ensure that there is no conflict of interest. Therefore, operating revenue in the first half of this year continued to have no contribution from proprietary trading, reaching VND301.6 billion and down 5% compared to revenue in the first 6 months of last year.
Interest from loans and receivables is the main contributor to operating revenue. In the first half of this year, this activity brought in VND 199.2 billion, a slight increase of 5% compared to the same period in 2024. However, other activities from interest from HTM investments, brokerage revenue, securities investment revenue and securities custody revenue all decreased compared to the same period.
Of which, brokerage revenue decreased by 25%, bringing in just over 78 billion VND, but brokerage costs accounted for 87 billion VND, causing brokerage activities to lose more than 9 billion VND.
As a result, in the first half of the year, Yuanta achieved more than 51 billion VND in after-tax profit, down more than 28% over the same period last year.
This securities company continues to have negative cash flow. Net cash flow in the period was -22.7 billion VND in the first 6 months of this year, mainly due to negative net cash flow from business activities.
As of the end of June 2025, Yuanta Vietnam's total assets were VND 5,571 billion, mainly concentrated in loans worth VND 4,431 billion, accounting for nearly 80% of the company's total assets.
The margin lending value as of June 30, 2025 was VND4,399 billion, a slight increase of nearly VND190 billion in 6 months. This figure is only equivalent to 79% of the original plan. After adjustment, the lending value is currently at 87% of the plan.
Yuanta's current revenue target is still quite far away despite the adjustment. Operating revenue in the first half of the year reached VND301.6 billion, only reaching 38% of the adjusted revenue plan.
Source: https://baodautu.vn/chung-khoan-yuanta-dieu-chinh-giam-ke-hoach-margin-va-doanh-thu-d359024.html
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