UPDATE 1-Vietnam's SSI says 2007 net rises threefold
(Adds share price, 2008 targets, Singapore listing)
HANOI, Jan 21 (Reuters) - Saigon Securities Inc SSI.HM, Vietnam's top brokerage, said on Monday its net profit jumped more than three times to 858.55 billion dong ($53.3 million) last year as revenues also increased threefold.
The Ho Chi Minh City-based firm, known as SSI, said in a statement its revenues soared to 1.19 trillion dong last year from 339.94 billion dong in 2006, when it had a net profit of 242.03 billion dong.
Shares in SSI, 10 percent owned by ANZ (ANZ.AX) and in which Japan's Daiwa Securities Group Incorporation (8601.T) has a 1.25 percent stake, fell 2.03 percent to close at 145,000 dong ($9) on Monday before it released the unaudited results.
SSI is valued at $1.1 billion, the sixth-largest firm on the Ho Chi Minh Stock Exchange .VNI where it started trading on Oct. 29, 2007, having moved from the over-the-counter Hanoi Securities Trading Center .HASTCI.
The top broker firm also underwrites share and debt issues and advises state-run companies on privatisation.
SSI aims to increase its net profit by 16 percent to 1.21 trillion dong on revenues of 1.83 trillion dong this year.
Last month, state media quoted SSI Chairman Nguyen Duy Hung as saying the firm would list on the Singapore stock market this year. Hung did not give a date. ($1=16,105 dong) (Reporting by Ho Binh Minh; Editing by Michael Battye)
