Ten years ago, the billion-dollar club comprised three members only – FPT, the nation’s biggest technology firm, Vinamilk, the nation’s leading dairy producer, and Asia Commercial Bank (ACB).
By the end of 2016, the HCMC Stock Exchange (HOSE) alone added 14 members listed, making up 70 percent of total capitalization value of the stock exchange.
Vinamilk has stayed at the Number 1 position with $8 billion worth of capitalization, leaving Vietcombank, which is in the second position, with $5.62 billion. Sabeco, the country’s largest brewer, is third with $5.58 billion
Among enterprises with largest capitalization, there are four consumer goods manufacturers (Vinamilk, Sabeco, Masan Consumer and Habeco) and four banks (Vietcombank, VietinBank, BIDV and MBBank).
A series of giant enterprises listing shares on the bourse in 2016, including Novaland (real estate developer), Sabeco and Habeco (brewers), and Airports Corporation of Vietnam (ACV), adding more names to the list of the enterprises of biggest capitalization value.
The share prices rose and hit the ceiling levels for many years. Habeco share price, for example, increased eight consecutive years from VND39,000 to VND145,000 after the shares were to UpCom market
Meanwhile, ACV shares increased from VND25,000 to VND44,000 just after three trading sessions.
ROS shares of FLC Faros rose after four months of listing, making Trinh Van Quyet, the president of Faros, the richest Vietnamese stock billionaire and the second richest Vietnamese dollar billionaire.
In the list, consumer goods manufacturers are on high positions, which explain why consumer goods shares are hunted by investors. Only bankers and real estate developers can compete with the big guys in consumer goods manufacturing.
The oil & gas sector has only one name in the list – PV Gas, which ranks the fourth with the capitalization value of $5.1 billion. Meanwhile, Hoa Phat is the only representative from the steel manufacturing. Hoa Phat experienced a prosperous year 2016 with the expected profit exceeding the target of VND5 trillion. Hoa Phat share market price has increased by two folds in the last year.
The Gioi Di Dong (MWG) had been outside the billion-dollar club until six months ago. The consistent share price increase has helped MWG join the club. It is now considered the leading enterprise in digital device distribution sector. It plans to earn revenue of VND63 trillion in 2017.
Photo: CBR Investment AG