PV GAS for the seventh consecutive year in Forbes Vietnam’s 50 best listed companies in 2019

Forbes Vietnam has announced Vietnam’s 50 top listed companies in 2019. This is the 7th time in a row PV GAS made it in Forbes 50 top listed companies.

As usual, The list this year included top performing companies that are listed on the Ho Chi Minh stock exchanges (HSX) and the Hanoi stock exchanges (HNX).

According to Forbes Vietnam’s seventh list of the country's top companies, the group of leading companies has shown impressive growth. The companies have recorded a combined total post-tax profit of nearly 127.53 trillion VND (5.45 billion USD), a year-on-year increase of 19.2 percent. Total capitilisation of these 50 top companies reached 94 billion USD, accounting for 63 percent of total market capitalisation on the Ho Chi Minh and Hanoi stock exchanges in mid-May.

Forbes Vietnam applies company ranking methods from Forbes (an American business magazine), taking into consideration the characteristics of the listed businesses. The assessment is based on financial statements audited over five consecutive years from 2014 to 2018 and firms’ mid-May market capitalisation figures.

Forbes studied all stocks listed on the HSX and HNX and arranged in industry groups. In the preliminary round, companies that are at loss, or in the process of delisting, whose market capitalization and turnover are under 500 billion VND, the subsidiaries have their business activities dependent on parent companies (have been reviewed) are disqualified. In the round of quantitative calculations,

Forbes graded the companies according to the following criteria: double growth rate of revenue, profit, ROE, ROC and EPS growth in the period of 2014 - 2018. Quantitative Calculation followed the method of Forbes supported by Ban Viet Securities Company (VCSC).

In the qualitative round, Forbes Vietnam independently deliberated the level of sustainable development of the companies: brand, quality of corporate governance, origin of past profit and prospects for sustainable development. Companies that repeatedly violated the obligation to disclose information to the two stock exchanges, suspected of manipulating stock prices or lack of transparency, were taken out of the list.

The companies on the final list are mostly leading companies or corporates that have established competitive advantages in its industry, grouped by sections. The largest proportion in the list were real estate, construction, logistics, financial services, raw materials, and retail section.

PetroVietnam Gas Joint Stock Corporation (PV GAS) is one of the few businesses that continuously achieved 7 times putting its name in the list of the independent and globally reputable Forbes. Oil and gas industry also contributed 3 more companies in the list, namely: PetroVietnam Transportation Corporation, PetroVietnam Fertilizer and Chemicals Corporation - JSC, PetroVietnam Power Corporation.

Vietnam’s 50 best listed companies in 2019
(by sections)

Phu Nhuan Jewelry Joint Stock Company

Mobile World Investment JSC

FPT Digital Retail JSC

Vietnam Petroleum Group

Real Estate &

Construction

JSC Green Land Group

Nam Long Investment JSC

Khang Dien House Trading and Investment Joint Stock Company

Kinh Bac Urban Development Joint Stock Company 

Hoa Binh Construction Group 

Technology

Hau Giang Pharmaceutical JSC

Domesco Medical Import Export Joint Stock Company

Transport and Logistics Services

Vietnam Airlines Corporation

Saigon Cargo Services Joint Stock Company

JSC Vietnam Container Group

Dong Nai Port Joint Stock Company

PetroVietnam Transportation Corporation

Multisection

JSC of Vietnam Electrical Equipment

Refrigeration Electrical Engineering JSC

Consumer goods

JSC Thien Long Group

Song Hong Garment Joint Stock Company

Agriculture and supplement

Vinh Hoan JSC

Utilities

Construction materials

Plastic 

PV GAS acted in response to the Workers’ Month of 2019 PV GAS's signing ceremony of contracts for Thi Vai LNG - Nhon Trach Gas power project chain