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Vietnam’s Masan Group named in Forbes Asia’s 200 Best Over a Billion 2019

Friday, August 30, 2019, 09:44 GMT+7
Vietnam’s Masan Group named in Forbes Asia’s 200 Best Over a Billion 2019
Nam Ngu is one of the two most chosen food brands in urban (four main cities) and rural areas, according to Kantar Worldpanel

Forbes Asia has announced a list of 200 top-performing listed companies in the Asia-Pacific region with revenues of US$1 billion or more, with Masan Group among seven representatives from Vietnam honored in this batch.

The search started with a pool of 3,200 listed companies in the Asia-Pacific region with $1 billion or more in revenue in their latest financial year.

Unprofitable companies and those whose sales have declined in the past five years were then eliminated.

Next off the list were companies carrying a long-term debt equal to or greater than half their capital and those with glaring governance or legal problems.

Contenders were ranked by a battery of more than a dozen metrics, including average five-year sales, operating income growth, return on capital, and projected growth over the next one to two years.

Those having the highest composite score earned a place in the final list of 200.

Seven listed companies from Vietnam having made it to Forbes Asia’s inaugural 200 Best Over a Billion list are Masan Group, The Gioi Di Dong, Sabeco, Vietjet Air, Vinamilk, Techcombank and Vingroup.

According to Forbes Asia, Masan Group's revenue in the last financial year was over $1.6 billion, with a market capitalization of more than $3.7 billion.

The company was also regconized in reputed rankings in Vietnam.

On August 15, Masan Group was selected by Forbes Magazine as one of the Top 50 Best Listed Companies in Vietnam 2019.

This is also the seventh consecutive year Masan Group has been honored in the rankings.

In June, Masan Group was highlighted by Nhip Cau Dau Tu Magazine as one of the Top 50 Best Performance Companies in Vietnam in 2018 and belonged to the group of 17 enterprises with the market capitalization reaching over $1 billion.

In 2018, Masan Group's after-tax profit increased by 58.4 percent to VND4,916 billion ($211.5 million), the highest level since its listing.

Masan Consumer, Masan Group's consumer goods business, traded on UPCoM in 2018 with an after-tax profit of VND2,162 billion ($93 million) thanks to the growth of the food and beverage categories.

According to the 2019 Brand Footprint report by Kantar Worldpanel, Masan Consumer is among the top three manufacturers owning the most chosen brands in urban (four major cities) and rural areas for seven consecutive years.

Nam Ngu is one of the two most chosen food brands in urban (four main cities) and rural areas.

In July, Masan MEATLife ("MML") - a subsidiary of Masan Group - announced its mission to provide a better meat life for 100 million Vietnamese consumers and its plan to list MML on the Unlisted Public Company Market (“UPCoM”) in 2019.

MML successfully launched the first fresh chilled meat product certified with European processing technology under the brand “MEATDeli” in December 2018.

Tuoi Tre News

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