On the morning of September 28, 2023, in City. Ho Chi Minh City held a ceremony to honor the best stocks in the entire Vietnam stock market in terms of communication activities and investor relations. The event was co-organized by Vietstock, the VAFE association and FILI newspaper, to honor the listed businesses most loved by investors.
This ranking is evaluated based on the information disclosure activities of 731 listed businesses within 12 months, scoring from 33 leading financial institutions and voting by investors.
Accordingly, through a long journey of evaluation in many aspects, the stock code "CTR" of Viettel Construction has become the Top 3 MidCap stocks most loved by investors in 2023.
Mr. Le Quang Thanh - Head of Communications Department of Viettel Construction represented to receive the award
The IR Awards look for listed companies that demonstrate effective financial communication, achieve a good reputation in the capital market and manage stock market expectations well. These include the following aspects:
- Effective financial communication: Create a broad understanding of the value and prospects of the business, and have strong investor support groups in the market.
- Good reputation in the capital market: Create a good financial reputation, from management capacity, reputation of the Board of Directors and Executive Board to the reliability of financial data and other published documents.
- Good management of stock market expectations: Investor relations activities help optimize business value, market prices are close to the intrinsic value of the business, and reasonable stock liquidity.
In 2022, Viettel Construction is one of the top 20% of businesses with good growth on the stock exchange with revenue reaching 9,398 billion VND, completing 109% of the plan, growing 26% over the same period in 2021. Profit after tax (NPAT) reached 443 billion VND, completing 107% of the plan, growing 18% over the same period in 2021.
In terms of compound annual growth rate, Viettel Construction's PAT reached 30% CAGR, CAGR of revenue reached 23%. The Corporation is effectively implementing return on equity, 2022 is the second year this target has reached over 30%.
Representative of Top 3 Midcap IR Awards 2023
After listing on HoSE, Viettel Construction's Investor Relations (IR) activities changed positively, providing information on production and business results on media channels, meeting with investment funds, securities companies,... focused on by the Corporation.
Viettel Construction has repeatedly organized meetings with investors on many different scales (public meetings, private meetings, online meetings,...). There are in-person meetings and also online meetings. Viettel Construction's management board was open and shared a lot of information about the business situation and business challenges during the investor meeting activities.
Viettel Construction is currently planning to Go Global, in the short term the Australian market will be the destination chosen by the Corporation. The foreign telecommunications operation and exploitation market is still a fertile market for Viettel Construction to aim to expand its business, when the trend of telecommunications companies is to mainly outsource operation and exploitation activities to minimize costs. finance. This advantage will contribute to helping Viettel Construction reach its billion-dollar revenue target in the near future.