Comparing the earning power of the VN30 group: Banks dominate, with real estate tycoons making hundreds of billions of dong in profit every day.

If we consider only the second quarter, most companies in the VN30 group experienced good growth, with some increasing by many times, while onlyVIB "fell behind".

Accordingly, VIB's pre-tax profit in the first half of this year stood out from the rest of the system, decreasing by more than 18% compared to the same period last year, reaching only 4,605 ​​billion VND.

Including the first half of the business year, the list of companies experiencing negative growth includes electricity, gas, real estate, and electric vehicle manufacturers such as POW, GAS, and Vingroup , with declines of -10%, -22%, and -17% respectively.

In terms of sector breakdown, the profit growth of the 13 banks contributed significantly, reaching over VND 65,600 billion, an increase of nearly 20% compared to the same period last year and accounting for almost 62% of the entire VN30 basket.

Banks are also considered the "king" of stocks due to their large market capitalization. The performance of these stocks actually has a significant impact not only on the VN30-Index but also on the VN-Index.

Next is the real estate sector, which shows divergence, with Becamex and Vincom Retail continuing to record good profit growth, while Vinhomes is trending downwards.

Technology was a sector expected to attract more big names, but in reality, the VN30 index only has FPT. Not only is it rare in the large-cap index, but the entire exchange is devoid of major companies in this sector.

Who made the biggest profit?

Data shows that Vinhomes (VHM) is the most profitable company in the VN30 group.

In the second quarter of 2024, this real estate company reported a pre-tax profit of VND 12,247 billion, a slight decrease compared to the same period last year. On average, Vinhomes earned a profit of VND 136 billion per day during the past quarter.

For the first half of this year, Vinhomes' pre-tax profit reached VND 13,664 billion, a decrease of half compared to the same period last year. As of the end of June 2024, Vinhomes' total assets and equity reached VND 494,460 billion, an increase of nearly 12% compared to the beginning of the year.

In second place is Vietcombank, with pre-tax profit reaching VND 10,116 billion in the second quarter and VND 20,834 billion in the first six months of the year. This bank holds the top position in terms of profit across the entire banking system.

In terms of growth rate, Mobile World Group (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 a very low base last year.

Specifically, VJC's pre-tax profit in Q2 2024 reached VND 634 billion, more than 200 times the VND 3 billion figure in Q2 2023. The cumulative profit for the first six months of this year reached VND 1,311 billion, more than five times higher than the same period last year.

Meanwhile, Mobile World Group reported pre-tax profit of VND 1,516 billion, nearly 12 times higher than the same period last year. For the first six months of the year, this retail giant's pre-tax profit reached VND 2,722 billion, an increase of nearly 9.5 times.

Hoa Phat Group is another name that also features on the list of VN30 group companies with impressive profit growth.

Accordingly, the leading steel company in this market reported a pre-tax profit of VND 3,733 billion in the second quarter of 2024, nearly 2.2 times higher than the same period last year. The cumulative profit for the first half of the year reached VND 6,994 billion, 3.2 times higher.

VN30 stocks show strong divergence.

TTO - At the close of trading on March 1st, both domestic stock indices rose slightly. The VN-Index increased by 2.59 points to 477.15 points. The HNX-Index increased by 0.22 points to 62.78 points.