The list of 50 best listed companies in 2023 was evaluated by Forbes Vietnam through many careful steps. In the preliminary round, companies need to meet the conditions to be profitable in 2022, with a minimum revenue and capitalization of VND 500 billion. In the next round, the companies were quantitatively scored on 5 criteria: compound growth rate in revenue, profit, ROE, ROC and EPS growth in the period of 2018 - 2022.
Next, Forbes Vietnam carried out a qualitative survey to assess the sustainable development of the Company, including the following criteria: position of the company in the industry, source of profits, quality of management, industry outlook, etc. The capitalization is fixed on May 30, 2023, the data used for the calculation is the audited consolidated financial statements for 2022.
Forbes Vietnam's 11th Best Listed Companies List
Joining the Top 50 Best Listed Companies for the first time in 2022 after only a few months of listing 93 million CTR shares on HoSE, Viettel Construction has become an enterprise attracting the attention of many investors. Specifically, the first trading session on HoSE on February 23, 2023, Viettel Construction shares had a reference price of 85,400 VND/share; However, on April 19, 2022, Viettel Construction's shares peaked, closing at 120,000 VND/share (up 40% compared to the initial offering price).
According to the Ho Chi Minh City Stock Exchange. Ho Chi Minh City Stock Exchange (HoSE), by the end of February 2023, on HOSE, there were 510 securities codes listed with over 140.97 billion shares; market capitalization reached more than 4.08 million billion VND, accounting for more than 94.14% of the total listed capitalization value of the entire Vietnam stock market and equivalent to 43% of GDP in 2022. The Top 50 Listed Companies The best in 2023 once again affirms Viettel Construction's efforts and development strategy in the face of market fluctuations.
The image of Viettel Construction employees moving to the highest BTS station in Ninh Binh
Forbes Vietnam believes that the decline of the stock market and difficulties in raising international capital are the reasons for the lack of large-scale IPOs and listings. In the context of the frozen real estate market, weakening domestic consumption, the food, logistics, and technology sectors took the throne. Banking was the most represented sector with six names, while real estate and materials halved representation. Total profit after tax of 50 companies on the list reached VND 228,096 billion, up 18% compared to the list in 2022. Total revenue reached VND 1,490,453 billion, up 24.9%.
In 2022, Viettel Construction had a breakthrough year when it was in the top 20% of businesses with good growth on the stock exchange, revenue reached 9,398 billion VND, completing 109% of the plan, growing 26% over the same period last year. 2021. Profit after tax reached VND 443 billion, completing 107% of the plan, growing 18% over the same period in 2021.
In terms of compound annual growth, Viettel Construction's profit after tax reached a CAGR of 30%, the CAGR of revenue reached 23%. The year 2022 is the second year that the Corporation has successfully performed the target of return on equity, reaching over 30%.
Details of Top 50 best listed companies in 2023: https://forbes.vn/50-cong-ty-niem-yet-tot-nhat-2023/