Hanoi Plastics JSC (HOSE: NHH) has recently been honored by securing a position in the top 45 outstanding listed companies, advancing to the final round of the IR Awards 2023. This achievement reaffirms the company’s leading role in Investor Relations (IR) activities, meeting information disclosure standards, and demonstrating positive growth.
The IR Awards, an annual recognition, aim to acknowledge and celebrate listed companies with transparent, prompt, and effective Investor Relations practices. This contributes to enhancing awareness and the importance of IR activities, improving corporate governance, and fostering efficient securities market operations.
After surveys and evaluations by the Judging Council, Hanoi Plastics has made it to the list of the top 45 outstanding listed companies, specifically in the Small & Micro Cap category (small and super small capitalization). To be included in this list, companies must meet quantitative criteria related to stock liquidity, attraction of foreign investors, financial transparency, good corporate governance, and compliance with regulations regarding internal shareholder transactions and treasury stock.
As a leading company in the industrial plastics sector in Vietnam with over 50 years of presence in the market, Hanoi Plastics recognizes Investor Relations (IR) as a crucial activity for business development. The company has received high praise from investors, both domestic and international, for its transparent management practices in various activities. Over the years, Hanoi Plastics has consistently ensured the fulfillment of its obligation to disclose comprehensive, transparent, and accurate information through various channels, including the company’s website, HOSE’s portal, and the State Securities Commission.
According to the representatives of Hanoi Plastics, to help investors better understand the company’s business strategy, the company proactively provides valuable information, covering market trends, macroeconomic/microeconomic factors affecting the industry, strategic direction, plans, business results, and company operations. In addition, the company flexibly utilizes various channels, such as its website, public information media, regular reports, periodic meetings, and in-depth seminars, to disseminate information widely to all shareholder groups and strengthen investor confidence in the company’s sustainable value.
In the Vietnamese stock market, information related to companies significantly influences investors’ decisions to buy or sell stocks. Therefore, to foster strong ties with shareholders and investors, Hanoi Plastics has developed a comprehensive IR strategy, ensuring respect for the rights of shareholders and investors in accordance with legal regulations, transparent information, and the maintenance of communication channels with investors. The IR department is always staffed with members ready to respond to information inquiries and concerns from customers through hotline phone numbers or emails at the earliest opportunity, as stated by the representatives of Hanoi Plastics.
Especially in the current era of strong digital transformation, Hanoi Plastics is currently developing plans to promote IR activities and strategies through popular social media platforms such as Facebook and LinkedIn. Through these platforms, investors, especially young investors, can easily learn and update information about the company’s activities, corporate culture, interact, and connect with the company more quickly.
With a philosophy that places the interests of shareholders, investors, and customers at the forefront, along with a sound business strategy and a sustainable corporate foundation, Hanoi Plastics consistently overcomes market challenges, fluctuations, and maintains positive growth. In the first quarter of 2023, the company recorded consolidated net revenue of VND 542 billion, and consolidated after-tax profit of VND 33 billion, an 8% increase compared to the same period in 2022. This solid foundation paves the way for Hanoi Plastics to achieve and surpass its targets in 2023 and make even stronger breakthroughs in the near future. Earlier, at the annual General Meeting of Shareholders in 2023 held in April, Hanoi Plastics set a target of achieving consolidated revenue of VND 2,400 billion, consolidated after-tax profit of VND 120 billion, and a dividend payout ratio of 15% for the year 2023.
