Techcom Securities Joint Stock Company (Vietnam)

Originally, the subject was founded as a wholly subsidiary of TECHCOMBANK at the beginning of 2018. Then on 30 May 2018, it was changed to a joint-stock company and TECHCOMBANK still owns the largest ratio of over 94% as of 0 Jun 2023. The company participates in Security and commodity contracts brokerage, including Corporate Advisory and Wealth Management. Typical products of the company are Ibond: Corporate bonds for retail customers; Ifund: Open-ended investment funds; TCREIT: Real estate investment trust; ICinvest: Online wealth management platform.It is said that in the second quarter of 2023, revenue from securities brokerage operations reached VND 122 billion, up 27% compared to the first quarter of 2023. The stock brokerage market share of TECHCOM SECURITIES has risen sharply from the 8th place in the first quarter of 2023 to the 4th place in the second of 2023 reaching 5.5%.As a pioneer in providing outstanding digital conveniences and experiences, TECHCOM SECURITIES has attracted more than 22,000 new accounts opened in the second quarter of 2023, accounting for 8% of the total number of new openings in the market, bringing the total number of individual customers of the subject to more than 900,000 customers.TECHCOM SECURITIES continued to maintain the policy of Zero Fee - Free trading of Stocks, Derivatives, Warrants and Fund Certificates listed without any time limit. In the first half of 2023, this free policy has helped customers save nearly 100 billion VND in transaction fees.Financially, as of 30 Jun 2023, total assets reached VND 34.8 trillion, up 33.3% over the beginning of the year. Outstanding margin loans increased by 7% compared to the end of the first quarter of 2023, demonstrating the trend of investors starting to return to the stock market along with the need for margin loans to catch up with the recovery of the stock market in particular and the economy in general. In the second of 2023, the subject has successfully issued more than VND 10,000 billion of individual shares to TCB, bringing TCBS's total equity to over VND 22 trillion, increasing nearly 2 times compared to the previous quarter.