PV GAS has been in the "List of 50 best listed companies" voted by Forbes Vietnam for 12 consecutive years.

On June 17, Forbes Vietnam announced the “List of 50 best listed companies in Vietnam in 2024”. This is the 12th time Forbes Vietnam has announced this list, in which PetroVietnam Gas Joint Stock Corporation (PV GAS) has also been on the list of leading companies voted by Forbes Vietnam for 12 consecutive years.

In 2023, PV GAS was honored for the 11th consecutive time in the Top 50 best listed companies in Vietnam by Forbes.

According to Forbes Vietnam, the 12th list of the 50 best listed companies shows that many industries have recovered profits from the bottom, but the spread is not even. When profits have not returned to a stable growth trajectory, the VN-Index fluctuates within a strong range according to the psychology and cash flow of individual investors. Exchange rates have become a notable variable in the stock market.

The decline of the stock market and difficulties in raising international capital are the reasons for the lack of large-scale IPOs. In the context of a frozen real estate market and weak domestic consumption, defensive industries, essential consumer goods, and food are taking the lead. As usual, the champion in revenue belongs to Petrolimex, while the number 1 position in profit belongs to Vietcombank.

To make the list of 50 best listed companies in 2024, companies listed on HSX and HNX are evaluated by Forbes Vietnam through many steps. In the preliminary round, companies need to meet the following conditions: making a profit in 2023, with revenue and capitalization of at least VND 500 billion. In the next round, companies are quantitatively scored on 5 criteria: compound growth rate of revenue, profit, ROE, ROC and EPS growth in the period 2019 - 2023.

Next, Forbes Vietnam conducts a qualitative survey to assess the level of sustainable development of enterprises: the company's position in the industry, source of profit, quality of corporate governance, and industry prospects. The list is supported by quantitative calculations from Ho Chi Minh City Securities Company (HSC). Capitalization is finalized on May 30, 2024. The data used for calculation is the audited consolidated financial statements of 2023.

Vietnam Oil and Gas Group has 5 units in the List of 50 best listed companies in Vietnam in 2024, including: Vietnam Gas Corporation (PV GAS, stock code: GAS); Vietnam Oil and Gas Technical Services Corporation (PTSC, stock code: PVS); PVI Insurance Joint Stock Company (stock code: PVI); Oil and Gas Transportation Corporation (PVTrans, stock code: PVT); Vietnam Oil and Gas Power Corporation (PV Power, stock code: POW).

PV GAS – leading enterprise in the national green energy journey

PetroVietnam Gas Corporation (PV GAS, stock code: GAS) entered the Top 50 list for the 12th time with impressive revenue and profit in 2023, despite having to overcome major challenges in the market and gas sources.

As of December 29, 2023, PV GAS reached a capitalization value of VND 173,404 billion. In 2023, PV GAS also achieved ROA and ROE indexes of over 13% and 18%, respectively. PV GAS has a high cash dividend payout ratio, of which the 2023 cash dividend payout ratio is a record high of 60% of charter capital.

Forbes Vietnam plans to hold the Top 50 Listed Companies Award Ceremony on August 22, 2024 at Gem Center, Ho Chi Minh City.

Source: https://www.sggp.org.vn/pv-gas-12-nam-lien-tiep-vao-danh-sach-50-cong-ty-niem-yet-tot-nhat-do-forbes-viet-nam-binh-chon-post745310.html