GELEX is currently operating under the Holding model, with the vision of becoming the leading investment group in Vietnam. Currently, GELEX has announced that it holds and manages capital in more than 50 subsidiaries and affiliates and is accompanied by more than 52 thousand shareholders, many of whom are foreign investment funds. With that stature and position, GELEX has increasingly focused on and set requirements for innovation in Investor Relations.
More professional and efficient
According to GELEX representative, throughout its operation, the company has always ensured strict compliance with the information disclosure regulations of Circular 96/2020/TT-BTC issued by the Ministry of Finance on November 16, 2020 and regulations of competent authorities. In 2023, GELEX is on the list of 364/731 listed enterprises on HOSE and HNX that have fulfilled their information disclosure obligations in 2023.
In response to market developments, as well as the company's production and business activities, GELEX also focuses on developing and disseminating documents for investors. For example, the quality of the Annual Report is increasingly innovated in both form and quality. The report content is developed and selected, presented scientifically and consistently to provide a comprehensive picture and the company's messages to investors.
Since 2022, GELEX has also proactively developed quarterly business performance reports and summaries. Thereby, the enterprise proactively interprets and analyzes the macro context and industry context; analyzes the causes affecting business results; and at the same time, provides assessments and forecasts of business-related business prospects in the coming time.
GELEX representative added that the Annual General Meeting of Shareholders is an important event of GELEX, a place for open and frank dialogue and answers to all questions of shareholders. That is why at each General Meeting, GELEX always attracts a large number of shareholders to attend and receive positive feedback.
Recently, GELEX's Investor Relations activities have focused more on expanding investor relations, proactively connecting with institutional investors through exchanging information updates via email, meeting directly at the company's headquarters or participating in conferences and seminars to meet investors organized by securities companies and investment funds...
In particular, GELEX has also increased its approach to investors through channels such as: website, fanpage, Linkedin, email, press...
The visible change comes from the website renovation, which has brought users convenient and new experiences. Information and reports are regularly updated in both published and news text, in Vietnamese and English, helping investors grasp the most accurate information.
Social networking platforms such as fanpage, Linkedin, email… promote two-way communication between companies and investors in the simplest and most convenient form.
More importantly, through official media channels such as newspapers, GELEX also proactively provides information, conveys consistent information messages, ensures timeliness, and helps investors receive information accurately and selectively, thereby having a correct perspective and assessment of the strategy and value of the enterprise.
GELEX representative said: “We understand that the trust from shareholders is also a measure of corporate value and GELEX always strives to increasingly innovate IR activities, demonstrate corporate responsibility, contribute to the development of the economy as well as ensure and increase the rights of shareholders and investors”.
GELEX's long-term goals
According to GELEX representative, in the long-term goal, in addition to meeting non-financial benefits such as providing timely and transparent information, GELEX continues to ensure and increase the financial benefits of shareholders by focusing on developing core business segments, ensuring stable corporate profit growth, while investing in developing new segments to create long-term growth opportunities, thereby ensuring shareholder benefits with an annual dividend policy.
In 2023, GELEX targets consolidated net revenue of VND 37,457 billion and consolidated pre-tax profit of VND 1,272 billion, equal to 117% and 61% respectively compared to 2022.
To achieve that goal, GELEX aims to increase operational efficiency through restructuring business segments, applying lean thinking in operations, optimizing costs & profits in manufacturing industries; continuing to invest in putting ongoing projects into operation on schedule; selectively investing in new projects with great potential and researching investment in a number of new fields with high growth potential, good profitability, suitable for the GELEX ecosystem.
At the same time, GELEX will also apply technology in management, and at the same time, implement management throughout the entire system in 3 areas: financial planning, internal audit, human resources; Continue to prepare conditions and foundations to apply financial reporting according to international standards (IFRS) and international credit ratings; Improve the effectiveness and efficiency of the internal audit and control system to control and minimize risks.
GELEX representative affirmed: “Regarding Investor Relations, GELEX will continue to pursue a proactive and effective strategy to increase shareholder confidence and corporate reputation. In particular, the solutions that GELEX has built will be standardized and uniformly applied not only at the parent company but also towards application at all member units throughout the system”.
Thanh Ha
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