Forbes names market’s 50 best listed companies
Vietnam Forbes Magazine on May 29 announced a list of 50 best listed companies on the Vietnamese stock market in 2017.
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According to Forbes, though the companies’ market capitalisation still accounted for roughly 60% of the total market on the two bourses, the same as the previous year, their total revenue reached VND734.8 trillion (US$32.4 billion), up 55% against the previous year.
Their profit also rose 49% against the previous year to VND79.46 trillion.
Most of the companies on this list were traded on the southern bourse of HCM Stock Exchange (HoSE); only four companies were listed on the Hanoi Stock Exchange (HNX).
Major names such as Vingroup, Vietcombank, Vietinbank as well as Mobile World Group, FPT, Vinamilk, Masan and Hòa Phát were on this year’s list.
Compared with last year, 2017’s list had 12 new companies, including Vietjet Air, Sabeco, Petrolimex and Novaland which were listed on the stock market this year and have market capitalisation of billions of dollar each on average.
According to Forbes Vietnam, which rated the best listed companies for the fifth time, the list reflected Vietnam’s economy last year.
The prosperity of real estate, construction, infrastructure, finance and consumer industries last year helped each sector have eight companies named on the list.
On the other hand, continuously low prices of oil and rubber, which resulted in lower revenue and profits of related companies, caused the two industries to have no representative on this year’s list.
Forbes Vietnam applied company ranking methods of Forbes (an American Business Magazine), taking into consideration the characteristics of the businesses listed in Vietnam. The assessment is based on the financial statements audited for five consecutive years from 2012 to 2016 and fiscal year 2016. Forbes considered all the listed shares and arranged them by each sector group.
The list of 50 best listed companies of Vietnam has been compiled to provide information on the listed companies with outstanding business results and high profits for investors. Besides this, it is also to honour and encourage the spirit of the enterprises.