Vietnam's top listed firms for 2017 announced

Wednesday, 2017-12-20 11:37:15
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Vingroup is among top listed firm this year
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NDO/ VNA – Vietnam Report Company (VNR) announced the top 10 most prestigious listed companies for 2017, on December 19.

The company stated that the top 10 enterprises had good business results and image management.

Its survey of the top prestigious listed companies showed that Vietnam’s stock market saw strong growth in the VN Index this year -- from 665 to 926 points.

The capitalisation value was equal to 65% of Vietnam’s gross domestic product in 2017, an increase from 35% in 2016. Liquidity was also double that of last year, while foreign investors were active in net buying with total indirect investment rising by 47% from the beginning of this year.

VNR added that the shares that are being traded on the market have improved both in terms of quantity and quality. By the end of October, the total number of listed and registered for trading firms was 1,374, posting a 30% annual increase. Many listed companies completed their set targets for the whole year within the first 9-10 months of the year.

The company’s survey revealed that most enterprises were confident about their operation in the first three quarters of the year, as 72% of the surveyed firms expected that their revenue and profit would become higher.

More than 40% of the surveyed listed companies reported price hikes as of December 13, 2017, such as Hoa Binh Construction Group Joint Stock Company (HBC), Refrigeration Electrical Engineering Corporation (REE), Vingroup Joint Stock Company (VIC) and Phu Nhuan Jewelry Joint Stock Company (PNJ).

VNR said the IPO and capital divestment of large businesses in the time ahead would also contribute to the growth of the stock market. The divestment from leading firms with large stocks such as Vietnam Dairy Products Joint Stock Company (VNM), Vinaconex (VCG) and FPT attracted many large foreign investment funds.

Its statistics show that in the first 11 months of the year, foreign net buying was 1.77 billion USD, six times higher than the same period last year. The market capitalisation of foreign investors’ portfolio was estimated at 32.5 billion USD, increasing by 59% from last year.

This is clear evidence on the attractiveness of the local stock market in 2018, it added.

As many as 45% of surveyed firms highly valued finance and banking stocks due to their high profitability in the market in 2017.

The stocks are expected to be the most worthwhile investment in 2018, followed by real estate and consumer goods.

The report also revealed that a company’s development has the main impact on price movement. Stock investors have therefore conducted deeper studies and assessments on the quality of traded shares.

In term of media coverage, the companies have been among the popular names in the country.

VNR selected and analysed listed companies with a high capitalisation value based on three criteria -- financial capacity as shown in financial reports, prestige in the media and evaluation by specialists on the growth potential of stock prices and their effects on the VN Index.

The top 10 most prestigious listed companies 2017 include Vietnam Dairy Products Joint Stock Company, Vingroup Joint Stock Company, Vietnam Joint Stock Commercial Bank for Industry and Trade, Mobile World Investment Corporation, and Refrigeration Electrical Engineering Corporation.

Bao Viet Holdings, PetroVietnam Gas Joint Stock Corporation, Saigon Inc, Hoa Phat Group Joint Stock Company, and Vicostone Joint Stock Company are also on the list.