Consequently, the company's after-tax profit is estimated at VND819 billion (US$36 million), increasing 48%, said HSC's documents prepared for its annual general meeting in 2018.
HSC set revenue growth target at 52% in 2018.
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Substantially, securities brokerage is forecasted to grow at 51% higher than in 2017. Gains from loans and receivables are expected to raise VND608 billion, up 38% over the last year period.
Revenue from investments in 2018 is expected to contribute 21% to the total revenue, which is equivalent to VND436 billion (US$19.1 million), up 57% over the previous year.
HSC set its after-tax profit at VND819 billion (US$36 million), up 48% year on year, which has taken into account an increase in operational expenses of 54%.
The return on average equity (ROAE) in 2018 of HSC is expected to reach 24.5%, slightly higher than the rate of 21.4% in 2017.
At the upcoming general meeting, HSC will submit plan of advanced dividends payment at rate of 15% in cash and dividends payment in 2018 with 15% in cash.
In 2017, HSC revenue reached the record high of VND1.5 trillion (US$66 million), up 87% compared to that of in 2016 and exceeding 52% of the year plan. Its after-tax profit posted at VND554 billion (US$24.3 million), up 82% year on year and exceeding 53% of the year plan.
HSC's market share in securities brokerage in 2017 reached 11.3%, indifferent to the rate of 11.2% in 2016, but lower than the target of 2017 at 12.3%.
Having returned 52% in 2017, Vietnam is on track to be Asia`s best-performing market for a second year in a row, assessed Bloomberg in its latest article. The Vietnam Stock Index is already up 22%. Since January, foreigners have purchased more than US$440 million of local shares, after scooping up a record US$1 billion last year.
Vietnam exceeded most of the government's expectations in 2017, with full-year growth of 6.8%. The country set the target for GDP growth rate at the minimum of 6.7% in 2018, requested the Prime Minister Nguyen Xuan Phuc at a regular government meeting on April 2.
The economy also posted its strongest first-quarter growth in 10 years, expanding 7.38% annually in January-March, according to the General Statistics Office. Notably, agriculture saw a significant increase of more than 4%, doubling that of the same period last year.
Industry - construction are considered the driving force for economic growth with increasing rate of 11%. Additionally, the average consumer price index is kept under control at 2.82%.
