Boss Hien’s son increases personal stake in SHS Securities

DNHN - Following the transaction, Mr Do Quang Vinh - the eldest son of Mr Do Quang Hien (Boss Hien) has increased his ownership stake in SHS from 0.92% to 1.54% of the charter capital, equivalent to 12.5 million shares.

According to the Hanoi Stock Exchange (HNX), Mr Do Quang Vinh - Chairman of the Board of Directors of Saigon - Hanoi Securities JSC (code SHS) has just completed the purchase of 5 million SHS shares in the period from March 12-27 through order matching.

Following the transaction, Mr Do Quang Vinh has increased his ownership stake in SHS from 0.92% to 1.54% of the charter capital, equivalent to 12.5 million shares.

If the price is calculated at around VND 19,000/share during the above-mentioned trading period, it is estimated that Mr Vinh has spent approximately VND 95 billion.

Experts assess that this is a move to increase the ownership of the Chairman in the context of the SHS Board of Directors orienting the construction of the enterprise to become a core organisation in the developing financial group.

In the market, SHS shares have increased by 10% in the past month and have doubled compared to a year ago. In 2023, SHS recorded a profit after tax that was 3.4 times higher than in 2022, reaching VND 559.3 billion.

In 2023, SHS also spent heavily on proprietary activities, with a total original investment value at the end of the year of nearly VND 5,400 billion (an increase of nearly VND 700 billion compared to the beginning of the year), accounting for 47% of total assets.

In addition to proprietary activities, SHS also spent heavily on margin lending activities with more than VND 3,800 billion, an increase of VND 1,500 billion compared to the beginning of the year.

In mid-March, Mr Vinh shared about increasing his ownership stake in SHS. According to Mr Vinh, as an individual investor, he has registered to invest an additional 5 million SHS shares to increase his ownership stake.

The Chairman of SHS also assessed that this is not a large ownership stake, but it shows his trust in the future development path of the enterprise and also commits to accompanying and aiming for the highest benefits for shareholders.

With a charter capital of VND 8,131 billion and assets of VND 11,457 billion, SHS is one of the listed securities companies with effective capital use in the market. In the first quarter of 2024, SHS increased its profit thanks to its proprietary investment portfolio with many stocks having high growth rates such as FPT Retail (FRT), The Gioi Di Dong (MWG), FPT, Hoa Phat Group (HPG), etc.

To enhance its financial capacity, the enterprise has diversified its safety measures, increased the efficiency of capital use, and provided optimal asset management solutions for customers. From 2024 to 2025, SHS has innovated its organisational structure, upgraded its business processes, and planned to build a management and administration apparatus that combines the participation of foreign resources and attracts quality personnel.

SHS also plans to invest in a new headquarters, expand its office space, and build a modern working environment, while reaffirming its ambition to return to the top position in market share in both the HSX and HNX exchanges.

Ha Anh