Winners of IR Awards 2019 voted by investors in the large capitalisation category at a ceremony held in HCM City on August 9. — VNS Photo Xuan Huong
Vietstock and Finance and Life online newspaper FiLi.vn of the Viet 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 Thuong Tin Commercial Joint Stock Bank and Tien Phong Commercial Joint Stock Bank in the first group; PetroVietnam Fertilizer and Chemicals Corporation, FLC Group and PetroVietnam Power Nhon Trach 2 JSC in the second; and Construction Investment Corporation 3-2, CNG Viet 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 Phat Bioplastics JSC, Dat Xanh Group and Phat Dat Real Estate Development JSC; and Digiworld Corporation, Duc Thanh Wood Processing JSC and Ba Ria-Vung Tau House Development JSC.
Speaking at the awards ceremony, Nguyen Nhu Hung, 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,” Hung 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