AAS
CTCP Chứng khoán SmartInvest · UPCOMOn a TTM basis through 2026Q1, pre-tax profit is currently about 294.4bn, equivalent to a pre-tax margin of 56.0%, showing an earnings base that is still positive but not yet clearly standout, with margin also improving by +32.1pp, pointing to better earnings quality. The revenue mix still leans mainly on trading at 92.7% but narrowing by 1.4pp, while lending is at 2.8%; brokerage and services are still only 4.5% but have improved by +0.9pp, so diversification is progressing even if still thin. On the balance sheet, Equity / Assets is 61.6% while Leverage is about 0.62x, indicating that buffers and funding are not yet truly roomy, with buffers thickening and leverage easing further.
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