Banking industry profits often "overwhelm" the rankings - Photo: QUANG DINH
VN30 is an index of 30 stocks listed on HoSE with the highest market capitalization and liquidity. Most of the companies are at the "top" of each field they participate in.
Banks dominate in VN30
According to Tuoi Tre Online 's statistics from the financial reports of VN30 enterprises, pre-tax profit in the second quarter of 2024 reached more than VND 107,000 billion, an increase of 27% over the same period last year. Profit after tax reached more than VND 85,000 billion, an increase of more than 24%.
In the first 6 months of this year, 30 enterprises recorded pre-tax profits of VND193,000 billion, an increase of more than 7% over the same period.
If we only count in the second quarter, most businesses in the VN30 group grew well, some increased many times, only VIB "went backwards".
Accordingly, VIB's pre-tax profit in the first half of this year was quite out of place in the system when it decreased by more than 18% compared to the same period last year, reaching only VND4,605 billion.
Including the entire business year, the list of negative growth names electricity, gas, real estate and electric vehicle manufacturing enterprises such as POW, GAS, Vingroup with decreases of -10%, -22%, -17% respectively.
Regarding the structure by sector, the profit growth of 13 banks contributed greatly with more than VND 65,600 billion, up nearly 20% over the same period and accounting for nearly 62% of the entire VN30 basket.
Banks are also considered as the "king" stocks with large capitalization. The performance of stocks in this group actually always has a big impact not only on VN30-Index but also on VN-Index.
Next is the real estate group with differentiation when Becamex and Vincom Retail still recorded good growth in profits, while Vinhomes tended to decrease.
Technology is a field that is expected to have more big names, but in reality, the VN30 basket only has FPT. Not only is it rare in the large-cap basket, the entire floor is absent of large enterprises in this field.
Who has the biggest profit?
Data shows that Vinhomes (VHM) is the most profitable enterprise in the VN30 group.
In the second quarter of 2024, this real estate company reported a pre-tax profit of VND12,247 billion, a slight decrease compared to the same period. On average, Vinhomes earned VND136 billion per day in the second quarter.
Accumulated for the first half of this year, Vinhomes' pre-tax profit was VND13,664 billion, down half compared to the same period. At the end of June 2024, Vinhomes had total assets and equity of VND494,460 billion, up nearly 12% compared to the beginning of the year.
Vietcombank ranked second with pre-tax profit reaching VND10,116 billion in the second quarter, and VND20,834 billion in the first 6 months of the year. This bank holds the top position in profit of the entire banking system.
In terms of growth rate, Mobile World (MWG) and Vietjet Air (VJC) are the most impressive in the VN30 group. It should also be noted that this profit level is compared to the very low base of last year.
Specifically, VJC's pre-tax profit in the second quarter of 2024 reached VND634 billion, more than 200 times higher than the VND3 billion in the second quarter of 2023. The accumulated profit in the first 6 months of this year reached VND1,311 billion, more than 5 times higher than the same period.
Meanwhile, Mobile World reported pre-tax profit of VND1,516 billion, nearly 12 times higher than the same period last year. In the first 6 months of the year, this retail giant had pre-tax profit of VND2,722 billion, an increase of nearly 9.5 times.
Hoa Phat Group is another name that also appears in the list of businesses with impressive profit growth in the VN30 group.
Accordingly, the steel company with the largest market share in this market reported pre-tax profit in the second quarter of 2024 reaching VND 3,733 billion, nearly 2.2 times higher than the same period. Accumulated for the first half of the year, it reached VND 6,994 billion, 3.2 times higher.
Need more criteria for VN30 basket?
Many opinions have proposed adding other criteria to the VN30 basket to add other businesses to represent the economy. If considering the capitalization criteria, most businesses will find it difficult to "compete" with banks.
The management agency also needs to add conditions to limit the overwhelming advantage of a stock or an industry group affecting the index. In fact, for a long time, with the VN30 basket, many investors still see the "prosperity and decline" trend according to the group of banking stocks.
VN30 stocks strongly differentiatedSource: https://tuoitre.vn/so-suc-kiem-tien-nhom-vn30-ngan-hang-ap-dao-co-dai-gia-dia-oc-moi-ngay-loi-tram-ti-20240802193802465.htm
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