FPT Ranks Among the Top 10 Most Reputable Public Companies

Vietnam Report Joint Stock Company (Vietnam Report) has recently released the VIX50 Ranking 2024, listing the Top 50 prestigious and high-performing Public Companies. FPT secures the No. 2 position in the Top 10 of this esteemed ranking.

The findings stem from a meticulous and unbiased study conducted by Vietnam Report, which has been formally disseminated across domestic and international media platforms. Vietnam Report scrutinized the media portrayal of public companies while also delving into their financial standing to ascertain the reputation of listed businesses in Vietnam.

Furthermore, the assessment revealed that the IT sector stands out prominently among the top 5 industries poised for significant growth in 2023. This underscores the sector's robust potential for heightened demand in technology spending, reflecting broader global trends.

In evaluating potential stocks, four critical criteria are considered: (1) Business Performance - Reflecting the company's operational success; (2) Valuation - Often assessed by metrics like the P/E ratio (price/earnings), which should ideally be lower than the industry average, or a favorable P/B (price/book value) ratio; (3) Cash Flow Appeal - Often linked with high liquidity; (4) Macroeconomic Support - Ensuring businesses operate within a conducive economic environment. Furthermore, it's important to note that stock prices sometimes rebound ahead of industry growth. In 2024, stock prices have risen compared to 2023, with stocks benefiting from policies and those undergoing internal valuation changes expected to garner heightened investor interest.

The 2024 ranking of the Top 50 prestigious and high-performing public companies is the outcome of independent and objective research conducted by Vietnam Report Building upon the research methodology from the rankings of the top 10 reputable listed enterprises established since 2016, which relies on the Media Coding method for analyzing press coverage combined with industry-specific research, the ranking encompasses sectors with significant growth potential. These sectors include Real Estate, Construction, Banking, Insurance, Pharmaceuticals, Food and Beverages, Retail, Tourism, and Logistics.

Source: https://vietnamreport.net.vn/Top-50-Cong-ty-Dai-chung-uy-tin-va-hieu-qua-nam-2024-10880-1067.html