FPT Securities Corporation (FPTS) has announced its plan to borrow 1.750 trillion VND from VIB Bank, with 1.000 trillion VND on unsecured loans and 1.000 trillion VND secured loans. The funds will be used to enhance working capital for business operations, including 500 trillion VND for stock investments and margin lending. The company will also invest in government bonds but will not include corporate bonds. Secured assets for the loan consist of deposit contracts and FPTS’s securities.
For 2024, forecasted revenue is 1.148 trillion VND, up 21.6% compared to 2023, with a pre-tax profit of 512.7 billion VND, up 0.5%. By December 31, 2024, total assets will reach nearly 9.760 trillion VND, with loan debt hitting a record 7.068 trillion VND. The value of financial assets at FVTPL has also increased to 1.914 trillion VND, mainly invested in stocks and bonds. FTS shares are currently trading at 50.300 VND/share, up 19% since the beginning of the year, with a market capitalization around 15.400 trillion VND.
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