70.8pct of market capitalisation belongs to the 50 best listed companies in Vietnam

08-Jun-2018 Intellasia | Dien Dan Doanh Nghiep | 6:02 AM Print This Post

The list of the best listed companies conducted by the Forbes Vietnam for the sixth time showed the breakthroughs of many major companies, in which the marks came from private sector, such as Vingroup, Hoa Phat, VPBank, or Mobile World, etc. Not only contributing largely to the capitalisation of the stock market on both bourses, the total profits of the companies on the list were also very huge, reaching 106.949 trillion dong, up by 34 percent compared to the profits of the 50 companies in last year’s list.

Leading the list this year in terms of revenue was Petrolimex with 153.7 trillion dong and the leader in terms of after-tax profit this year was Vinamilk with 10.295 trillion dong. Meanwhile, considering market capitalisation, Vingroup currently owns the highest number with over 15 billion USD on May 15th. In terms of sectors, finance, real estate, retail and consumer sectors, etc. accounted for large proportion in market value. Considering the bourse, HOSE still dominated with 47 companies while HNX had three companies on the list. Compared to the list in 2016, this year’s list marked 10 changes, including seven new names (VPB, VCI, NKG, CSV, GEX, PVT, and PME).

Regardless of the market correction in recent weeks, in the past 12 months, the stock market has achieved many positive signs. For example, the VN Index set a new record of 1,207 points in April 2018; derivatives market went into operation; the divestment of leading firms such as Vinamilk and Sabeco recorded good results beyond expectation; and many leading private firms started listing shares such as Vinhomes, Vincom Retail, VPBank, HDBank, and Techcombank, etc. These moves have significantly raised the size of the stock market. As of mid-May 2018, the capitalisation of Vietnam’s stock market reached 168 billion USD, equivalent to 80 percent of GDP (not including Vinhomes which listed on May 17th with capitalisation of around 13 billion USD).

The sixth ranking of the best listed companies on Vietnam’s stock market by Forbes Vietnam reflects Vietnams’ economic picture and the stock market performance. The positive developments on the financial market have increased the number of firms in banking and securities sectors. The key sectors such as real estate, construction materials, and logistics, etc. are still developing stably, thus having the highest number on the list after financial sector, said Nguyen Lan Anh Forbes Vietnam’s representative.

 


Category: Stocks, Vietnam

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