Listed companies rewarded for the best relations with investors
VIETNAM, September 16 –
HCM CITY — The Vietnamese Association of Financial Executives, the Finance and Life e-magazine (FILI) and Vietstock on Thursday awarded listed companies with the IR 2022 award for having the best investor relations in HCM City.
The annual awards aim to raise awareness of the role and importance of investor relations activities, promote transparency of information in the stock market, improve the quality of information disclosed and investor confidence, Nguyễn said. Như Hùng, editor of the electronic magazine. .
Hùng said the awards are based on compliance with stock information disclosure requirements by the 736 companies listed on the Hồ Chí Minh Stock Exchange and the Hà Nội Stock Exchange, and 385 of them have complied with all of them.
Then, based on their liquidity, compliance in terms of own shares, foreign investments and dividend payments, 45 were nominated for the awards.
In the final round, they were divided into three groups based on market capitalization size (large, medium and small and micro-cap) and were rigorously evaluated by 31 leading financial institutions. and an investor vote based on three criteria: transparent and effective financial communication, reputation in the capital market and having IR activities that help to optimize the value of the company.
The top three elected by financial institutions were ACB, FPT and MBBank (large cap), Hải Phát Investment JSC, FPT Digital Retail JSC and Digital World Co Ltd, (mid cap), and PetroVietnam Securities Incorporated and Tân Cảng Logistics & Stevedoring JSC (small and micro-cap).
The top three elected by investors were Mobile World Investment Corporation, FPT Corporation and Masan Group Corporation (large cap), Digital World Co Ltd, FPT Digital Retail and Gia Lai Electricity JSC (mid cap), and PetroVietnam Securities Incorporated, Everpia JSC and Tân Cảng Logistics & Stevedoring JSC (small and micro caps).
According to organizers, for a second year, the survey found that more than 50% of listed companies met all disclosure requirements.
The high compliance rate is a good sign and indicates companies are paying attention to disclosure requirements, the basic requirement for treating investors fairly, they said. —VNS