Novaland awarded in the list of “Vietnam’s 50 best performing firms 2019”

17:53 | 15/07/2020
Renowned Ho Chi Minh City-based developer Novaland has made it onto the list of 50 best performing companies in 2019 for the fourth consecutive years.    

The reputable ranking was compiled by Nhip Cau Dau Tu (Investment Bridge) magazine in tandem with Thien Viet Securities JSC, leveraging the counsel of leading economists and business experts from Harvard Business School. It also referred to many prestigious rankings from renowned publications such as Bloomberg Businessweek, Fortune, and Forbes.

The annual event aims to honour large-cap firms with robust growth that deserve to be Vietnam’s pride.

The judging panel has decided by considering numerous factors, including market capitalisation, revenue, return on equity (ROE), and earnings per share (EPS) for the last three years. Novaland maintained its sustainable development with a compound annual growth rate (CAGR) of 14.1 per cent and ROE of 15.3 per cent.

novaland awarded in the list of vietnams 50 best performing firms 2019
The recent awards ceremony honouring the 50 best performing firms in Vietnam in 2019

At the group’s recent annual shareholders’ meeting 2020, Novaland has set forth the target of launching 8,000 real estate items of all kinds to the market this year, raking in an estimated revenue touching VND14.877 trillion ($646.83 million), up 36 per cent on-year. Its post-tax profit is expected to reach VND3.65 trillion ($158.7 million), an 8 per cent jump against 2019.

2020 is the third year that Novaland is working on the second phase of its innovative business strategy focusing development on three core product lines, including real-estate project in central areas of HCM City; real-estate projects in HCM City’s satellite areas; and hospitality projects with convenient transport connection and rich tourism potential. In the long run, the group is set to secure stable growth and sustainable development by capitalising on this distinct strategy, its vast landbank of nearly 5,000 hectares, and diverse product portfolio.

In the short and medium terms, aside from remaining consistent with this strategy, the group will focus on expediting existing projects and research the expansion of its landbank in strategic locations, such as the eastern part of Ho Chi Minh City.

As one of the top performers in the local real estate sector, Novaland has made it onto the shortlist of groups with the capacity to raise capital effectively and constantly scale up operational areas in both domestic and international capital markets.

At the event, Novaland was one of two real estate businesses honoured among the 18 companies with market capitalisation value surpassing $1 billion.

With its total ticker value hitting VND58 trillion ($2.52 billion), Novaland has become the second-largest real estate group on the Vietnamese stock exchange. Since its debut, the group has secured a stable position in the VN30 List which features the top 30 tickers in terms of market capitalisation and liquidity, and have been listed on the Singapore Exchange (SGX). This affirms that Novaland has grown into a prestigious brand in the international capital market.

As one of the top performers in the local real estate sector, the group has made it onto the shortlist of groups with the capacity to raise capital effectively and constantly scale up operational areas in both domestic and international capital markets. Along with bolstering the efficiency of capital mobilisation, Novaland has always taken the initiative to push up networking activities through holding direct meetings, field surveys to project sites, and promoting its image to the wide community of investors and financial institutions in the region and key financial markets like Singapore, South Korea, Hong Kong, Japan, the US, and Europe, in parallel to joining diverse investment forums held by leading international financiers such as HSBC, Credit Suisse, and Goldman Sachs.

Novaland is confident that the distinct “three core products” strategy would help the firm grow sustainably in the forthcoming years. Along with this, the group has swiftly chosen a suitable growth path, combining the strategies to expand its distribution channel with increasing access to customers.

In addition, Novaland has made constant efforts to foster investment and co-operation with partners providing housing, education, hospital, food, and entertainment services with a view to establishing an inclusive ecosystem of value-added services, striving to best satisfy the burgeoning requirements of the residential community.

By By Dinh Thuy

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