Nam Long presents in top 45 Companies with Best Investor Relations in 2018

On June 18, 2018, the voting program for listed companies with the best IR in 2018 - IR Awards 2018 hosted by Vietstock in collaboration with Financial & Life Online magazine (FiLi.vn) officially entered the online voting round for investors. Nam Long continues to be one of the leading enterprises in IR activities and was honored to be in the Top 45 Best Companies in 266 listed companies to achieve information-publishing standard to present on the list in 2018.

In order to present on the list, listed companies must undergo a comprehensive survey on the appropriateness and fullness of information disclosure obligations on the Vietnamese stock market. This year, with a total number of 686 listed companies surveyed, the rate of successfully passed was the highest in seven years, 38%.

In fiscal year 2017, Nam Long continued to achieve remarkable results with revenue reaching 4.821 billion VND, up 75% compared to 2016. Revenue increased by 25%, reaching 3.161 billion VND. Profit after tax increased by 55% to VND535 billion and completed 107% of the plan in line with the strategic objectives set by the Group during the year. NLG share price also reached a growth rate of 50%, from 20.000 VND/ share in January 2017 to 30.100 VND/ share at the end of December 2017.

Besides focusing on business activities, Nam Long always pushed investor relations in the past year, hoping to build a transparent and efficient company. Nam Long has successfully implemented various forms of bilingual information in Vietnamese and English, including official website, analysis meetings, press conferences and seminars at securities companies… At the same time, the company always keep shareholders informed about the business strategy options, challenges, solutions, analysis and assessment of the company’s future, ensuring fairness and equality in providing information to different shareholders and investors.

As of June 2018, the number of shareholders of Nam Long increased by 100% compare with 2017, from 1.566 to 3.121. Average liquidity in the first 6 months of 2018 reached about 500,000 shares/session per day.

At the end of 2017, Nam Long successfully sealed the deal with Japanese partners to unlock Mizuki Park township and Akari City and will together provide more than 10,000 "affordable âp” for market in the next 5 years. Nam Long will also focus on developing Phase 1 of the 355-hectare Waterpoint project in Long An in 2018.

Nam Long owns a land fund of more than 500 hectares in good locations, guaranteeing sustainable development for the next 10 years. The company currently has shareholders and international strategic partners including PYN (big European investment fund), Keppel Land… along with financial management support and real estate development experience. At a project level, Nam Long has cooperated with partners who have extensive experience of international real estate such as Hankyu Hanshin, Nishi Nippon Railroad (Japan), Gamuda Group (Malaysia).

Nam Long is also optimistic with the affordable housing market segment, and plans to achieve 20% more revenue and profit after tax in 2018 compare to 2017.

By Vietstock.vn