Business

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.
Forbes names market’s 50 best listed companies ảnh 1Vietnam Forbes Magazine names the 50 best listed companies on the Vietnamese stock market in 2017 (Photo: vietnambiz.vn)

Hanoi (VNA) - Vietnam Forbes Magazine on May 29 announced a list of 50 bestlisted companies on the Vietnamese stock market in 2017.

Accordingto Forbes, though the companies’ market capitalisation still accounted forroughly 60 percent of the total market on the two bourses, the same as theprevious year, their total revenue reached 734.8 trillion VND (32.4 billion USD),up 55 percent against the previous year. Their profit also rose 49 percentagainst the previous year to 79.46 trillion VND.

Mostof the companies on this list were traded on the southern bourse of HCM StockExchange (HoSE); only four companies were listed on the Hanoi Stock Exchange(HNX).

Majornames such as Vingroup, Vietcombank, Vietinbank as well as Mobile World Group,FPT, Vinamilk, Masan and Hòa Phát were on this year’s list.

Comparedwith last year, 2017’s list had 12 new companies, including Vietjet Air,Sabeco, Petrolimex and Novaland which were listed on the stock market this yearand have market capitalisation of billions of dollar each on average.

Accordingto Forbes Vietnam, which rated the best listed companies for the fifth time,the list reflected Vietnam’s economy last year.

Theprosperity of real estate, construction, infrastructure, finance and consumerindustries last year helped each sector have eight companies named on the list.

Onthe other hand, continuously low prices of oil and rubber, which resulted inlower revenue and profits of related companies, caused the two industries tohave no representative on this year’s list.

ForbesVietnam applied company ranking methods of Forbes (an American BusinessMagazine), taking into consideration the characteristics of the businesseslisted in Vietnam. The assessment is based on the financial statements auditedfor five consecutive years from 2012 to 2016 and fiscal year 2016. Forbesconsidered all the listed shares and arranged them by each sector group.

Thelist of 50 best listed companies of Vietnam has been compiled to provideinformation on the listed companies with outstanding business results and highprofits for investors. Besides this, it is also to honour and encourage the spiritof the enterprises.-VNA
VNA
#Forbes Vietnam #best listed companies #stock market #market capitalisation #HCM Stock Exchange #HoSE #Hanoi Stock Exchange #HNX #Vietnam #Vietnamese #Vietnam news #updated Vietnam news #Vietnamplus #Vietnam News Agency
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