Flower
  • VN-Index

    1290.18

    7.09 (+0.55%)
  • HNX-Index

    243.92

    1.07 (+0.44%)
  • UPCOM-Index

    91.48

    0.3 (+0.33%)
  • VN30-Index

    1303.2

    14.43 (+1.12%)
  • VNDiamond

    2156.47

    19.54 (+0.91%)
  • VNFinlead

    2135.92

    34.45 (+1.64%)
  • VNMidcap

    1947.6

    8.21 (+0.42%)
  • VNSmallcap

    1530.66

    3.89 (+0.25%)
Home PageThe analysisBrokers: 3Q20 earnings preview

08/10/2020 - 11:16

Brokers: 3Q20 earnings preview

VN Brokers — 3Q20 preview2

 

► Rising stock and bond prices signal
strong 3Q20 earnings for the brokers.
► Prop trading results should reflect this.
► Strong retail participation (as reflected in
turnover and new accounts) suggests a
new high for margin lending in 3Q20.
► But fragmentation remains a concern.
The Big 4 brokers posted 34% HOSE
market share in 3Q20, the lowest in our
database.