The top 50 most successful businesses in Vietnam continue to recognize Masan Group.

DNHN - Masan Group (Masan Group) was recognized by the Magazine on September 16 in the categories "Top 50 Most Effective Business Companies in Vietnam 2023" (TOP50) and "Billion Dollar Enterprise 2023." The publication Nhip Cau Dau Tu announced.

The TOP50 list is a value and reputation ranking conducted annually by Nhip Cau Dau Tu in collaboration with Thien Viet Securities Company, with consultation from leading economic and business experts from the Harvard School of Business, to identify and honor effective Vietnamese stock market companies.

The TOP50 is determined by measuring the business performance of companies over three consecutive years using three growth indicators: revenue, return on equity (ROE), and return on shares. The purpose of measurement results is to objectively evaluate an organization's management capacity.

TOP50 has successfully surveyed and ranked companies for the past 12 years (2010-2023). The TOP50 2023 announcement ceremony is a special event honoring companies deserving of national pride for their size, market capitalization, and growth rates.

Ten years in the "Top 50 Most Effective Business Companies in Vietnam"

In this year's Top 50 list, it is noted that there is a strong presence of leading businesses in Vietnam, operating effectively in numerous crucial economic sectors, including retail, consumption, banking, and products. export. Masan Group, for instance, was recognized in both the "Top 50 Most Effective Business Companies in Vietnam 2023" and "Billion Dollar Enterprise 2023" categories. Since the inaugural announcement of the Top 50 Ranking in 2011, Masan Group has been included on this prestigious list ten times. This achievement is a recognition of Masan's continuous rise, achieving breakthrough and sustainable growth, and contributing to the development of the country's economy.

After more than 27 years of establishment and growth, Masan Group is currently the leading retail and consumer pepper company in Vietnam. Currently, Masan owns more than 3,500 retail locations across the nation that cater to consumers' basic needs. This group also promotes a variety of innovation strategies and technology investments to develop high-quality, diverse products to satisfy domestic demand and export to major markets such as the United States, Japan, Australia, South Korea, and Canada to the greatest extent possible.

As of the first half of 2023, Masan's total assets exceeded 140,858 billion VND, while its equity reached 37,524 billion VND. 13 452 billion VND are in cash and cash equivalents. In addition, this unit's free cash flow improved continuously over many quarters, reaching 1,665 billion VND in the second quarter of 2023 compared to only 162 billion VND in the second quarter of 2022.

In the first half of 2023, despite a challenging macroeconomic environment, Masan continued to achieve favorable business results. The total revenue of Masan reached VND 37,315 billion, a 3.6% increase from VND 36,023 billion in the first half of 2022. Specifically, profits from business activities of The CrownX (TCX), an integrated platform for Masan's consumer and retail industry, including WinCommerce (WCM) and Masan Consumer Holdings (MCH), grew by up to 38.8% compared to the same period in the prior year.

Highly regarded by the world's foremost institutions

J.P.Morgan, one of the world's largest and oldest providers of financial services, investment banking, and asset management, recently issued a growth forecast for Masan shares (HOSE: MSN). Specifically, J.P. Morgan projects that the price target for MSN shares in 2024 will be 102,000 VND per share and that the average annual compound EPS growth from 2032 to 2025 will reach 36%.

J.P. Morgan emphasized in a recently released report that "Vietnam represents the most exciting and remarkable consumer growth story in the Asia region" and gave a positive outlook on Vietnamese consumer stocks over the next 12 years.

According to this organization's assessment, Vietnam's consumer retail market can expand rapidly due to the country's rapidly expanding economy, expanding middle class, and urbanization. J.P. Morgan forecasts that Vietnam will soon become one of the region's key drivers of consumption growth.

According to J.P.Morgan, with a leading position in a large and promising retail market, and with capital allocation efforts focusing on the core segments of consumption, retail, and the development of the current consumer market, Masan shares are now one of the best examples of Vietnam's attractive consumption story.

Despite a challenging macro environment and sluggish domestic consumption, Masan was able to achieve growth, enter the "Top 50 most effective companies in Vietnam" list, and receive high praise from leading organizations. This unit is a global leader, demonstrating the sustainability of its core consumer and retail businesses and its solid financial foundation.

PV