Activity News 04/07/2023

In 2023, EVS sets a target to increase its capital to over 1.6 trillion VND and continues to maintain its customer-centric strategy.

At the annual shareholders' meeting held on April 28, 2023, the Board of Directors of EVS approved a plan to issue shares to existing shareholders at a ratio of 10:6, thereby increasing the total charter capital to 1.648 trillion VND. They also determined to continue the customer-centric strategy and optimize customer experience on the digital platform.

During the meeting, the company's board presented the business results for 2023 and the operational plan for 2023. Accordingly, Everest Securities set the following targets for 2023: increasing charter capital to 1.648 trillion VND; operating revenue reaching 448.5 billion VND; pre-tax profit reaching 128.5 billion VND; post-tax profit reaching 102.8 billion VND. Key business tasks included strengthening traditional products such as brokerage, proprietary trading, lending activities, and investment banking services. Additionally, in 2023, the company planned to complete and launch a derivatives trading system.

In 2022, despite the volatile stock market conditions, Everest Securities, although not achieving its business targets, fundamentally completed the transition from a traditional business model to a dynamic and customer-focused new model. This included initiatives such as launching a new brand identity, changing headquarters, completing and operating a new core securities trading system, and implementing plans to increase capital and issue convertible bonds separately. As a result, operating revenue reached 905.5 billion VND, pre-tax profit was 75.9 billion VND, and operating expenses amounted to 732 billion VND, increasing by 44.8% due to significant investments in technology and infrastructure.

A highlight in business activities was the Investment Analysis and Advisory department in 2022, which successfully fulfilled its mission of publishing practical and timely reports, meeting customers' needs in the context of a highly volatile market. For Financial Services and Investment Banking Services, Everest Securities has been and is enhancing and expanding cooperation with commercial banks, organizations, and individuals, providing a diverse and flexible range of products to meet customer demands.

In 2023, the Board of Directors emphasized the continuation of the customer-centric strategy, focusing on researching and developing products/services to flexibly meet customer needs. Optimizing the digital platform experience was highlighted as crucial in the strategic content, not only for the trading platform but for the entire online touchpoint. It is anticipated that in Q2/2023, Everest Securities will launch a website with a fully upgraded interface, compatible with multiple screens, including features such as search capabilities, gamification, connection, and interaction with advisory teams...

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