HPG among Top 3 for best investor relations award in 2021

08/12/2021 17:00

On December 7th 2021, the Việt Nam Association of Financial Executives, FiLi.vn and Vietstock organised a ceremony to honour the 2021 IR Award for best investor relations in HCM City. Hoa Phat Group (HPG) was honoured in the Top 3 voted by investors and financial institutions.

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On behalf of Hoa Phat Group, Mr Chu Quan (first from left) received the certificate of Top 3 listed companies with the best IR activities in 2021 from the organizing board

IR Awards 2021 aims to raise awareness about the role and importance of IR, improving information transparency in the stock market as well as the quality of information disclosure and investor confidence. This year, the organizing board honoured listed companies in 18 categories under two IR voting systems, including: online IR voting for public investors and IR rating voting for financial institutions. As a result, Hoa Phat Group was honoured in the Top 3 in the two both voting systems.

With 4.4 billion shares listed on Ho Chi Minh City Stock Exchange (HOSE), HPG currently has a market capitalization of nearly US$10 billion which is among Top 10 largest capitalization stocks on Vietnam stock market. In October 2021, HPG was first ranked in the Top 15 steel enterprises with the largest capitalization in the world. Hoa Phat Group has always performed its obligation to disclose information in accordance with regulations. Since the outbreak of the COVID-19 pandemic, HPG has regularly interacted and updated information with shareholders and investors in various forms, mainly online to ensure pandemic prevention.

Mr. Le Nhi Nang, chief representative of the State Securities Commission in HCM City highly appreciated the importance of IR activities for the stock market. This is an extremely important activity and a link between businesses and investors, helping investors understand the businesses’ value properly.

According to the organizers, the awards are based on a survey of compliance with stock market information disclosure requirements by the 724 companies listed on the Ho Chi Minh Stock Exchange and Hanoi Stock Exchange, and 389 complied all in the past 12 months. In addition, the program organizers also evaluated IR activities through a scoring system from 31 leading financial institutions, with the co-operation of the investor community to vote for listed companies that have the best IR performance of 2021. 

Hoa Phat Group operates in 5 sectors including: Iron and Steel - Steel Products - Agriculture - Real Estate – Home Appliances. In which, iron and steel production and related products contribute 90 per cent of the group's revenue and profit. In the first 9 months of 2021, Hoa Phat achieved VND105.8 trillion revenue and VND27.1 trillion after-tax profit, increasing by more than 60 per cent and 200 per cent respectively over the same period in 2020. Its after-tax profit in the nine-month period was exceeded 45 per cent of the set plan.

 

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