Asia300

Petrovietnam Gas JSC

Vietnam

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Mar 24, 2017
Prev close: 54,500
Mar 24, 2017
Market cap:
Market cap(USD):
104,277B
4,576.08M
Shares: 1,913.35M

Currency in VND

Company profile

Market(Ticker): STC(GAS)
Sector:
Industry:
Industrial Services
Oil & Gas Pipelines
Full time employees: --

Business summary

PetroVietnam Gas JSC engages in gathering, manufacturing, storing, distributing, and trading gas products. Its products include liquefied petroleum gas, dry gas, condensate, compressed natural gas, and liquefied natural gas. The firm also provides transportation, engine conversion, and maintenance and repair services for gas facility equipment. The company was founded on September 20, 1990 and is headquartered in Ho Chi Minh city, Vietnam.

Company background

PetroVietnam Gas is one of Vietnam's largest state-run companies. A member of Vietnam National Oil and Gas Group, PetroVietnam Gas is the largest natural gas company in the country. PetroVietnam Gas runs integrated operations, from drilling for gas through to marketing. It controls nearly 70% of the domestic market for liquefied petroleum gas and has a market capitalization of about $9 billion, making it one of the largest publicly traded Vietnamese companies.

PetroVietnam Gas was listed on the Hochiminh Stock Exchange in 2012. It is 97% owned by the Vietnamese government with the remainder held mostly by foreign investors. Prime Minister Nguyen Tan Dung has plans to sell off a 20% interest in the company.

Because of its high domestic market share, PetroVietnam Gas boasts formidable price bargaining power. Its net profit margin is more than 10%. In 2013, the company was compelled to slash prices amid public criticism that it was making too much money.

The company is actively pursuing a policy of collaborating with foreign companies. In June 2014, it signed a liquefied natural gas trading contract with Royal Dutch Shell. In 2012, it teamed up with Tokyo Gas.

President and CEO Do Khang Ninh, 54, is an expert on oil transport and storage and earned a masters degree in Russia.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 59,209.06B
Gross profit 11,215.12B
Operating income 8,586.90B
Income before tax 9,234.68B
Net income 7,075.43B
EBITDA 11,657.89B
Diluted EPS --
Dividends per share 0
Total assets 56,897.27B
Total liabilities 15,990.48B
Total equity 39,133.04B
Operating cash flow 6,281.75B

Currency in VND

Revenue 2,647.37M
Gross profit 501.45M
Operating income 383.94M
Income before tax 412.90M
Net income 316.35M
EBITDA 521.25M
Diluted EPS --
Dividends per share 0
Total assets 2,498.67M
Total liabilities 702.23M
Total equity 1,718.54M
Operating cash flow 280.87M

Currency in USD

Valuation measures

Dec 2016

PER 16.64
ROA 12.45%
ROE 17.64%
Operating margin 14.50%
Profit margin 11.94%

Key executive

  • Chief Executive Officer & Director: Son Manh Duong
  • Deputy Chief Executive Officer: Huy Quoc Nguyen
  • Deputy Chief Executive Officer: Hien Hung Tran
  • Deputy Chief Executive Officer: Nghi Thanh Nguyen
  • Deputy Chief Executive Officer: Linh Hong Pham

Share holders

  • Government of Vietnam(95.7%)
  • Norges Bank Investment Management(0.2%)
  • Capital Asset Management Co., Ltd.(0.1%)
  • JPMorgan Asset Management (Singapore) Ltd.(0.0%)
  • VAM Vietnam Fund Management JSC(0.0%)
  • Petrovietnam Gas JSC(0.0%)
  • Sumitomo Mitsui Asset Management Co., Ltd.(0.0%)
  • KBC Fund Management Ltd.(0.0%)
  • Parametric Portfolio Associates LLC(0.0%)
  • SBI Asset Management Co., Ltd.(0.0%)

Address

  • Website: http://www.pvgas.com.vn
  • Address: PV Gas Tower, 673 Nguyen Huu Tho Street, Ho Chi Minh City, 700000, Vietnam
  • Phone: +84.8.3781.6777

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