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Listed companies honoured for best investor relations
https://vietnamnews.vn/ - 8/11/2019 6:59:04 AM
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Vietstock and Finance and Life online newspaper FiLi.vn of the Việt Nam Association of Financial Executives gave away this year’s IR Awards to 18 listed companies for having the best investor relations at a ceremony in HCM City on Friday.
 
The awards were decided by votes from investors and financial institutions, and were divided into three groups based on market capitalisation: large, medium and small and micro.
 
The investors’ votes for the top three went to Masan Group Corporation, Saigon Thương Tín Commercial Joint Stock Bank and Tiên Phong Commercial Joint Stock Bank in the first group; PetroVietnam Fertilizer and Chemicals Corporation, FLC Group and PetroVietnam Power Nhơn Trạch 2 JSC in the second; and Construction Investment Corporation 3-2, CNG Việt Nam JSC and Netland Real Estate JSC in the third.
 
The financial institutions’ votes went to Mobile World Investment Corporation, VINGROUP and Novaland Group Corporation; An Phát Bioplastics JSC, Đất Xanh Group and Phát Đạt Real Estate Development JSC; and Digiworld Corporation, Đúc Thành Wood Processing JSC and Bà Rịa-Vũng Tàu House Development JSC.
 
Speaking at the awards ceremony, Nguyễn Như Hùng, editor-in-chief of Fili.vn, said: “The IR Awards is an annual activity aimed at raising awareness among the financial community in general and enterprises in particular about IR activities and honouring companies with excellent IR activities in order to have an open, transparent and efficient stock market.”
 
The award is based on a survey of compliance with stock market information disclosure obligations by the 713 listed companies, 27 companies more than last year. Of them, 259 met all the requirements, he said.
 
After a check of considering their liquidity conditions, compliance in terms of treasury stock, foreign investment and dividend payment policies, 45 out of them were nominated for the awards, he added.
 
To win an award, a company must fully comply with regulations on information disclosure, pass a rigorous evaluation round of investor relations by financial institutions, and receive high votes from investors.
 
The number of fully compliant listed companies increased from just 3.34 per cent in 2012 to 36.33 per cent this year.
 
“This is a good signal and proves business executives are paying more attention to information disclosure requirements,” Hùng said.
 
However, the ratio reduced slightly this year from last year because disclosure obligations became more stringent, and this would help further improve the investor relations of listed firms, he added. — VNS
 
Read original article here
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