Hanoi (VNA) – Vietnam Report Company(VNR) on December 19 announced the top 10 most prestigious listedcompanies for 2017.
The company said the top 10 enterprises had good businessresults and image management.
Its survey of the top prestigious listed companies showedthat Vietnam’s stock market this year saw strong growth of the VN Index -- from665 to 926 points.
The capitalisation value was equal to 65 per cent of Vietnam’s grossdomestic product in 2017, increased from 35 percent in 2016. Theliquidity was also double that of last year, while foreign investors wereactive in net buying with total indirect investment rising by 47 percent fromthe beginning of this year.
VNR added that the shares that are being traded on the markethave improved both in quantity and quality. By the end of October, the totalnumber of listed and registered for trading firms was 1,374, posting 30 percentyear-on-year increase. Many listed companies completed their set targets forthe whole years within the first 9-10 months of the year.
The company’s survey revealed that most enterprises wereconfident about their operation in the first three quarters of the year as 72percent of surveyed firms expected their revenue and profit would become higher.
More than 40 percent of surveyed listed companies reportedprice hike as of December 13, 2017, such as Hoa Binh Construction GroupJoint Stock Company (HBC), Refrigeration Electrical Engineering Corporation(REE), Vingroup Joint Stock Company (VIC) and Phu Nhuan Jewelry Joint StockCompany (PNJ).
VNR said the IPO and capital divestment of large businesses in the time aheadwould also contribute to the growth of the stock market. The divestment fromleading firms with large stocks such as Vietnam Dairy Products Joint StockCompany (VNM), Vinaconex (VCG) and FPT attracted many big foreign investmentfunds.
Its statistics showed that in the first 11 months of theyear, foreign net buying was 1.77 billion USD, six times higher than the sameperiod last year. The market capitalisation of foreign investors’ portfolio wasestimated at 32.5 billion USD, increasing by 59 percent from last year.
This is clear evidence on the attractiveness of the localstock market in 2018, it added.
As many as 45 percent of surveyed firms highly valued financeand banking stocks due to their high profitability in the market in 2017.
The stocks are expected to be the most worthwhile investment in 2018, followedby real estate and consumer goods.
The report also revealed that a company’s development has themain impact on price movement. Stock investors have therefore conducted deeperstudies and assessments on quality of traded shares.
In term of media coverage, the companies have been among thepopular names in the country.
VNR selected and analysed listed companies with highcapitalisation value based on three criteria -- financial capacity as shown infinancial reports, prestige in the media and evaluation by specialists ongrowth potential of stock prices and their effects on the VN Index.
The top 10 most prestigious listed companies 2017 includeVietnam Dairy Products Joint Stock Company, Vingroup Joint StockCompany, Vietnam Joint Stock Commercial Bank for Industry and Trade, MobileWorld Investment Corporation, and Refrigeration Electrical EngineeringCorporation.
Bao Viet Holdings, PetroVietnam Gas Joint Stock Corporation,Saigon Inc, Hoa Phat Group Joint Stock Company, and VicostoneJoint Stock Company are also in the list.-VNA