Masan brand reinforced with prestigious accolades

August 22, 2023 | 13:18
(0) user say
Since 2022, Masan has consistently advanced its strategic initiatives across the business spectrum, further cementing its solid position. Its dedicated efforts have garnered recognition both domestically and internationally.
Masan brand reinforced with prestigious accolades

With more than 26 years of establishment and growth, Masan Group stands as a leading enterprise in Vietnam's consumer and retail sector. Currently, it operates a network exceeding 3,500 sales outlets, catering to a broad range of consumer requirements.

The group champions inventive strategies and technological investments, fostering the creation of diverse, top-tier products to meet domestic demand while also facilitating exports to key markets including the United States, Japan, Australia, South Korea, and Canada.

In the first half of 2023, Masan recorded total assets of around $5.9 billion, with total equity amounting to $1.57 billion. Cash and cash equivalents totalled $564.6 million.

Furthermore, during the second quarter of 2023, the company's free cash flow witnessed consistent improvement, surging to $69.6 million in comparison to a mere $6.8 million during the same period in 2022.

Since the start of the year, Masan has gained recognition and awards from renowned domestic and international entities.

11th straight Forbes’ Top 50 Listed Companies recognition

On August 17, Masan Group was honoured during the unveiling event for 2023's Top 50 Listed Companies, hosted by Forbes in Ho Chi Minh City. Remarkably, this marks Masan's continuous presence in this list for the 11th consecutive year.

To secure a place on this roster, listed companies are required to have demonstrated profitability in 2022 and maintained a minimum revenue and capitalisation of $20.9 million.

Furthermore, companies undergo a quantitative evaluation based on the five key criteria of compound growth rates encompassing revenue, profit, return on equity, return on capital, and earnings per share (EPS) expansion during the 2018-2022 timeframe.

This is followed by an analytical assessment by Forbes Vietnam, which delves into the sustainable advancements of enterprises, encompassing factors such as industry standing, profit sources, the effectiveness of corporate governance, and industry prospects.

Amidst a stagnant real estate market and subdued domestic consumption, Masan's achievement of growth, and inclusion in the Top 50 Listed Companies, attest to the enduring strength of its core consumer-focused business segment and robust financial underpinnings, underscoring the resilience and sustainability of its operations.

Masan brand reinforced with prestigious accolades

Consistently prioritising the welfare of shareholders and investors

Since its debut on the Ho Chi Minh Stock Exchange in 2009, Masan Group's MSN stock has consistently garnered significant interest from both domestic and international investors.

As emphasised by the Board of Directors, its investor relations (IR) remains highly regarded, aiming to ensure transparent and accessible information exchange while fostering equitable opportunities for all backers.

Thanks to the report's calibre and the establishment of an autonomous audit committee that is engaged with reputable international audit firms, Masan underscores its dedication to swiftly and comprehensively disseminating information, thereby fostering robust connections with shareholders and investors.

In the 2023 IR Award poll hosted by Vietstock, Masan Group secured a spot among the top 45 premier listed companies, thus progressing to the final round of voting.

Furthermore, J.P. Morgan, a global entity renowned for its financial services, investment banking, and wealth management expertise, has projected substantial growth potential for Masan shares.

In precise terms, J.P. Morgan's forecast sets the target price for MSN stock at VND102,000 ($4.28) per share in 2024. Moreover, the projection anticipates an average compound annual growth rate of 36 per cent for EPS from 2023 to 2025.

As per J.P. Morgan's assessment, Masan's prominent status within such a promising retail market and its strategic capital allocation directed towards its consumer and retail core underscores its leadership quality.

This steadfast commitment to nurturing the consumer market has culminated in Masan's emergence as a prime exemplar of Vietnam's captivating consumer narrative.

Masan brand reinforced with prestigious accolades

Best places to work for in Asia

In business, human resources consistently stand out as the most invaluable asset, serving as the driving force behind growth and the realisation of objectives.

Annually, in a tribute to enterprises that are steadfastly dedicated to enhancing employee contentment, wellbeing, and advancement, HR Asia orchestrates a comprehensive survey spanning Asia, culminating in the compilation of Best Places to Work for in Asia.

In Vietnam, the evaluation encompassed nearly 650 companies, and the survey involved nearly 50,000 employees, ranging from grassroots staff to senior personnel – including executives and human resources directors.

This year, Masan Group was honoured with the two prestigious awards of Best Companies to Work for in Asia and special recognition in the category of Diversity, Equity, and Inclusion. This accolade marks a significant milestone in Masan's journey towards creating an exceptional workplace that embraces equity, diversity, and inclusivity.

Masan's net revenues reach $1.57 billion in first half of 2023 Masan's net revenues reach $1.57 billion in first half of 2023

Masan Group Corporation (HSX:MSN) on July 28 released its unaudited management accounts for the first half of 2023, when challenging macro conditions continued to put a dent in both consumer and business confidence.

Masan Group named one of the Best Companies to Work for in Asia Masan Group named one of the Best Companies to Work for in Asia

At the HR Asia Awards ceremony, Masan Group was honoured as one of the Best Companies to Work for in Asia. At the same time, the company also won the special award category of HR Asia Diversity, Equity, and Inclusion.

Masan Group maintains strong standing in Forbes list Masan Group maintains strong standing in Forbes list

Masan Group was recognised during Forbes Magazine's "2023 Top 50 Listed Companies" event in Ho Chi Minh City on August 17, marking the 11th consecutive year for the group.

By Thanh Van

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional