Asia300

Petrovietnam Gas JSC

Vietnam

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Apr 21, 2017
Prev close: 53,600
Apr 21, 2017
Market cap:
Market cap(USD):
102,555B
4,514.28M
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 59,076.19B
Gross profit 11,128.88B
Operating income 8,503.81B
Income before tax 9,152.24B
Net income 6,782.92B
EBITDA 11,812.69B
Diluted EPS 3,548
Dividends per share 0
Total assets 56,753.85B
Total liabilities 15,860.72B
Total equity 39,113.71B
Operating cash flow 6,031.65B

Currency in VND

Revenue 2,641.43M
Gross profit 497.59M
Operating income 380.22M
Income before tax 409.21M
Net income 303.28M
EBITDA 528.17M
Diluted EPS 0.15
Dividends per share 0
Total assets 2,492.37M
Total liabilities 696.53M
Total equity 1,717.69M
Operating cash flow 269.68M

Currency in USD

Valuation measures

Dec 2016

PER 17.08
ROA 11.95%
ROE 16.92%
Operating margin 14.39%
Profit margin 11.48%

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

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.