Novaland is named one among 50 best performing companies
Novaland Group, a giant real-estate developer in the country, has recently been named one among “50 Viet Nam’s Best Performing Companies”, an award by Thien Viet Joint Stock Company and Nhip Cau Dau Tu (Investment Bridge) magazine.
This is the fourth continuous time that the group has won this award.
“The 50 Best Performing Companies” is a prestige award which is organised to honor companies that have best performing on Vietnamese security market. They are all big-size companies with high capital and solid growth.
The ranking, which have been developed based on global standards used by prestige publications like Bloomberg Business week, Fortune and Forbes, is referenced by leading experts from famous Harvard University.
To find the winners, the organisers considered some categories including market capitalisation, revenues, net profit, return on equity (ROE) within three continuous years. The share performance also taken into account.
Novaland is a giant property developer with sustainable development as reaching a growth of 14.1 per cent and ROE of 15.3 per cent.
At the recent annual shareholders’ meeting, Novaland announced its targets of launching to the market about 8,000 products this years. The revenue is predicted to be VND14.9 trillion in 2020, surging by 36 per cent. The profit is targeted to be VND3.65 trillion, jumping by 8 per cent over 2019.
This year is the third year that Novaland has carried out its second development phase in which they focus on three main segments: real-estate project in central areas of HCM City; real-estate projects in HCM City’s satellite areas; and hospitality projects.
These three segment, together with the landbank of 5,000ha and diversified products, will help the group gain solid growth and sustainable development.
Novaland said that in short and mid-term, the group will continue to develop its current projects and landbank in key areas such as the East of HCM City.
At the awarding ceremony, Novaland is one among two real-estate companies whose market captialisation is over US$1 billion.
Currently, the market capitalisation of Novaland’s share is about VND58 trillion ($2.8 billion).
Since the listing day, Novaland has been always listed in the VN Top 30, a list of the companies who have best market capitalisation in the market.
The company’s shares are also listed on Singapore Stock Exchange, affirming that Novaland is one among Vietnamese prestigious brand in foreign market.
In Viet Nam, Novaland is one among leaders in property market. It has been one among less corporates who are able to effectively mobilise capital from both domestic and foreign market.
In addition to focusing on mobilising capital, Novaland always pays attention to develop relationships with partners who are financial institutions and investors from many foreign markets including Singapore, South Korea, Hong Kong, Japan, the United States and EU.
The group also actively attend investor conferences held by reputable international financial institutions like HSBC, Credit Suisse and Goldman Sachs.
In domestic market, along with the strategy of developing three main segments, Novaland has tied up with many distribution agents in order to expand their distribution system and bring service to more people in the entire country.
Furthermore, Novaland has had hand-shake with many partners in the sectors of education, hospital, cuisine, entertainment to create an ecosystem so that they can serve their residents more better.