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ANALYSIS & RESEARCH

Home PageThe analysisVND: Profitability appears to be the focus

VND: Profitability appears to be the focus

04/11/2020 - 16:24

VND_3Q20 results

We were again pleasantly surprised by VND’s 3Q20 results, not so much for the prop trading gains but rather for the persistently high brokerage commission and margin lending rates. Focusing on returns rather than chasing market share is a laudable strategy, in our view.

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