VietNamNet Bridge – The Top 10 richest people on the stock market of Vietnam in the first half of 2013 has a new face: Mr. Le Phuoc Vu – Hoa Sen Group Chairman.
By July 22, Vu’s HSG shares were valued are held VND1.757 trillion, doubling the figure of late 2012. Stock price increase in the first half of the year also helped some others climb up in the Top 10, such as Mr. Tran Dinh Long (Hoa Phat Group) or Ms. Pham Thuy Hang (Vingroup).
1. Pham Nhat Vuong
Company: Vingroup 2012 ranking: 1 Assets in 2012: VND17,184 billion Current assets: VND18,073 billion In the first half of 2013, Vingroup (share code: VIC) conducted big affairs: selling the Vincom Center A opened, opening Vincom MegaMall Royal City and Vincome MegalMall Times City. Most recently, the group attracted $150 million of Warburg Pincus for a project.
In the first quarter, the business activities of Vingroup was not very optimistic when after-tax profit decreased by 60 percent compared to the same period last year, reaching only VND264.6 billion. Net revenue fell nearly VND900 billion to VND984 billion.
March of this year, Mr. Vuong was named by Forbes as Vietnam’s first USD billionaire with the positive reviews.
2. Doan Nguyen Duc
Company: Hoang Anh Gia Lai 2012 ranking: 2 Assets in 2012: VND5,297 billion Current assets: VND6,730 billion Chairman of Hoang Anh Gia Lai Group (HAGL) – Mr. Doan Nguyen Duc still maintains the second place in the Top ten, holding more than 311 million HAG shares, an increase of 52 million compared to the end of 2012.
In the first quarter of 2013, HAGL’s pretax profit rose by nearly 9 percent, to VND107.4 billion. Meanwhile, revenue fell by 17 percent, to only VND722 billion. The fields that brought money for HAGL are minerals and sales of products and goods with VND111 billion and VND419 billion respectively.
In the first half of the year, Duc experienced different emotions in business as well as public pressure. When he wanted to promote overseas business, especially in Indochina, an international organization accused him of appropriating land and destroying forest in Cambodia and Laos. Then he gave evidence to counter this.
3. Pham Thu Huong
Company: Vingroup
2012 ranking: 3
Assets in 2012: VND2,963 billion
Current assets: VND3,116 billion
Huong is the vice president of Vingroup and the wife of Pham Nhat Vuong. Compared to the end of 2012, the Vingroup shares owned by Huong increased by 12 million shares because the group further increased its capital.
4. Tran Dinh Long
Company: Hoa Phat Group 2012 ranking: 5 Assets in 2012: VND2.122 billion Current assets: VND3,102 billion Long is Chairman of Hoa Phat Group (HPG). Long holds more than 101 million shares. In the first quarter of 2013, Hoa Phat’s revenue reached VND4,000 billion, down 4 percent compared to the same period in 2012. However, thanks to the increase of revenue from financial operations and the reduction of financing costs, the group’s net profit reached VND480 billion, an increase of 140 percent compared to the same period in 2012.
5. Nguyen Hoang Yen
Company: Masan Group
2012 ranking: 4
Assets in 2012: VND2,221 billion
Current assets: VND2,112 billion
Yen is a member of the Executive Board of Masan Group (MSN). Not including the ESOP shares that were just released by Masan, Yen currently holds nearly 22 million MSN shares. By July 22, MSN price reached VND97,000 per share.
Net revenue of Masan in the first quarter decreased slightly compared to the same period in 2012, with nearly VND1,534 billion. However, its financial revenue fell sharply, management and sale costs increases, making the Group’s net profit dropped by 90 percent compared to the same period in 2012, to VND51.5 billion.
Other business activities brought about VND80 billion, but with the nearly VND15 billion loss from its associated companies, plus the huge taxes, Masan’s after-tax profit was only over VND35 billion, down by 92 percent year on year. This is also the lowest profit in a quarter of the company from 2009.
6. Pham Thuy Hang
Company: Vingroup
Rank in 2012: 6
Assets in 2012: VND1,979 billion
Current assets: VND2,081 billion
In the top 10 richest people in the stock market in the first half of 2013, Mr. Pham Nhat Vuong’s family is again mentioned when his sister – Ms. Pham Thuy Hang ranked fifth, up one spot from the end of 2012 . Hang is now vice president of Vingroup.
7. Le Phuoc Vu
Company: Hoa Sen Iron Group 2012 ranking: 16 Assets in 2012: VND823 billion Current assets: VND1,748 billion Vu is currently the Chairman of Hoa Sen Group (HSG), owns 43 million shares of HSG. HSG price has doubled from the level at the beginning of the year, reaching VND40,800/share on July 22, adding Vu to the top 10 richest people on the stock market.
8. Ho Hung Anh
Company: Masan Group Rank in 2012: 7 Assets in 2012: VND1,608 Current assets: VND1.529 billion Hung Anh is currently Chairman of the Vietnam Technological and Commercial Bank (Techcombank) and also Vice Chairman of Masan Group. Hung holds about 16 million MSN shares, not taking into account the ESOP shares that Masan released recently.
9. Ha Van Tham
Company: Ocean Group Rank in 2012: 8 Assets in 2012: VND1,364 billion Current assets: VND1,410 billion Tham is the President of the Ocean Group (OGC). He holds 133 million OGC shares. In the first quarter of 2013, the Ocean Group earne net revenue of VND306.4 billion, up 34.5 percent year on year. However, its financial expenses, sale expenses and management costs increased simultaneously, making VND4.2 billion loss to the Ocean Group. Last year’s first quarter, the company earned net profit of VND19.3 billion.
10. Dang Thanh Tam
Company: Saigon Telecommunication Technology JSC and Kinh Bac Urban Development Corporation 2012 ranking: 13 Assets in 2012: VND897 billion Current assets: VND1,097 billion Tam owns large numbers of shares of ITA, KBC, SGT and NVB. Thanks to the increase of ITA and KBC by 20-30 percent, his assets also increased by more than VND200 billion even though the number of shares does not change. This result helped him back to the Top 10 richest people in the stock market after a year of absence. He previously led the list of 100 richest people on the stock market in 2007 and was in the top 10 until 2012.
Business results in the first half of 2013 of the two companies with Tam as chairman – Kinh Bac Urban Development Company (KBC) and Saigon Telecommunication Technology JSC (SGT) were not very good.
Kinh Bac incurred after-tax loss of VND55 billion in the first quarter. Saigontel involved in a dispute with the Vietnam Multimedia Communications Corporation. In the first quarter, Saigontel earned only VND492 million of after-tax profit, its net sales decreased by 77 percent year on year, reaching only VND4 billion.
Na Son
Đăng ký: VietNam News