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ANALYSIS & RESEARCH

Home PageThe analysisSSI: Huge 2Q20 trading gains were largely unrealized

SSI: Huge 2Q20 trading gains were largely unrealized

04/08/2020 - 08:16

SSI_2Q20 results

SSI’s 2Q20 PATMI soared from breakeven in 1Q20 to a record high VND522bn (+138% YoY). Prop trading drove the strong rebound, as expected. But surprisingly to us, most of the trading gains were unrealized. In the first half, SSI has fulfilled 75% of its PBT guidance (approved at the Jun 27 AGM) and 65% of our full-year PATMI forecast.

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