Forbes VN names top 50 local firms
Forbes VN names top 50 local firms
Forbes Viet Nam Magazine has named the top 50 listed companies of the year in the local stock markets.
The magazine selected the companies of all s with the best business performance in 13 sectors, including multidisciplinary. The companies' market capitalisation reached VND829 trillion (US$37 billion), accounting for 62.14 per cent of the total market on the two bourses as of May 16, 2016.
Their total revenue reached VND475.5 trillion, or 37.77 per cent of the of total market revenue and their profit after tax reached VND53.5 trillion, 53 per cent of the total profits in the market.
Most of the companies in this list were traded on the southern bourse of HCM Stock Exchange (HoSE), only five companies were listed on the Ha Noi Stock Exchange (HNX). Compared to last year, 2016's list has 10 new companies.
According to Forbes Viet Nam, which rated the best listed for the fourth time, the list this year reflected changes in the economy.
The companies related to the consumer industry continued to thrive and the recovery of the real estate market saw the realty industry bounce back in the stock market.
On the contrary, low prices of oil and gas that resulted in lower revenues and profits of related companies pulled out all stocks of the industry from this year's list.
In the last three years, the PetroVietnam Gas Joint Stock Corporation (PV GAS) as the representative of the oil industry often listed as one of the top five in previous lists. This year, it was still in the list but as a representative of the appliance industry.
The realty industry, with ten companies, had the strongest showing in this year's list. Popular names like Vingroup, Ha Do or Fecon, Dat Xanh Group and Khang Dien House also joined the list.
While in the financial and insurance sector, new comers like Asian Commercial Bank (ACB) and PetroVietnam Insurance (PVI) joined the list with Vietcombank, Sai Gon Securities Inc (SSI), and HCM Securities Company (HCM) and Bao Viet Holdings (BVH).
FPT Joint Stock Company was the only representative of the technology industry while Hau Giang JSC and Traphaco represented the pharmaceutical industry and Masan Group and Refrigeration Electrical Engineering Corporation (REE) were listed in the multidisciplinary group.
Thanh Cong-Tay Ninh Sugar Company and Pan Group were also two new representatives on the list, for the agriculture production industry. The milk producer Viet Nam Dairy Products JSC (VNM), steel makers Hoa Sen Group and Hoa Phat Group, Thien Long Group (TLG) and Rang Dong Light Source And Vacuum Flask (RAL) were also selected in the list this year.
To formulate the list, Forbes Viet Nam used its own method with the consideration of specific characters of local businesses under the basis of the audited financial statements in five years in a row and the fiscal year 2015 of all the companies.
