VICOSTONE AMONG FORBES VIET NAM’S TOP 100 LARGEST PUBLIC COMPANIES

Recently, VICOSTONE - a subsidiary of Phenikaa Group (listing code: VCS) has been named on the list of  “Top 100 largestpublic-listed companies” in Viet Nam according to Forbes Viet Nam’s disclosure for the first time. 

The "Top 100 largest public-listed companies" was selected by Forbes Viet Nam based on 4 criteria: Revenue; Profits; Total assets and capitalization, similar to the Global 2000 criteria (2000 biggest public global companies) by Forbes USA. Unlike the “50 best listed companies" for companies listed on the HSX and HNX stock exchanges, and which was announced  by Forbes Viet Nam in June, the “Top 100 largest public companies” was to include those trading on the UPCoM as well as unlisted companies. 

According to Forbes Viet Nam, the ranking included 65 companies from HSX, 23 from UPCoM, and 7 from HNX, with the rest of unlisted companies. 

Beside the fast growth on the domestic market, VICOSTONE has been also active in brand promotion and foreign market expansion activities. One of recent international activities was taking place  at the Middle East Stone exhibition, Dubai, UAE (the image)

Honored by Forbes Viet Nam's ranking, VICOSTONE shows its appropriate development strategy that the company has taken. It is a recognition of the company's positive, sustainable sales position, its contributions to the development of the Vietnamese economy, as well as its standing in the construction, material production, and real estate industries. This is the opportunity to further promote the VICOSTONE brand both domestically and internationally. 

Over the past year, VICOSTONE has repeatedly received prestigious recognitions such as: Vietnam's top 500 largest enterprises in 2019; Typical Brand of Vietnam Construction Industry – 2019; Top 10 Best Governed companies in Viet Nam, Top 10 reputable companies in Construction – Building Materials sector in 2019; , Viet Nam’s 50 best-performing companies in 2019;, TOP 50 Best listed companies in Viet Nam 2019 ranking by Forbes …

Further information:

Forbes Viet Nam uses the same method for evaluating its ranking as the Global 2000 by Forbes USA. In the first phase, a compilation of public companies was made, including joint stock companies with over 100 shareholders that are unlisted, or listed on the HSX, HNX and UPCoM exchange. Next, financial data on total sales, profits, assets and capitalization are consolidated based on the most recent audited annual financial report - 2018. 

The cutoff date for capitalizationof listed companies is December 13th, 2019. Unlisted companies capitalization is calculated by taking the total number of shares multiplied by the average P/E of listed companies in the same industry. Next, the companies are scored based on the 4 metrics. The final tally determines companies' position on the ranking. The ranking has quantitative support from Ban Viet Securities Company.