Vietinbank Securities Targets 20% Profit Growth At Least in 2012

The official said to minimize risks, CTS will limit funds for proprietary trading, focus on government and corporate bond trading.

The official did not give a specific figure on revenues growth target for 2012 but he said the company would increase its revenues from consulting and services instead. CTS will further develop online services including online money transferring, online money advance payment, online add share selling and online right execution.

The broker made a net profit of VND63.89 billion ($3.04 million) on revenues of VND187.98 billion last year, up

95.2% and down 4% on year, respectively, excluding those of its affiliates.

Its total assets rose 43.7% from end-2010 to VND1.48 trillion, including equity of VND871.9 billion at end-2011.