Asia300

Petrovietnam Gas JSC

Vietnam

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Feb 22, 2018
Prev close: 106,000
Feb 22, 2018
Market cap:
Market cap(USD):
202,878.68B
8,927.94M
Shares: 1,913.94M

Currency in VND

Company profile

Market(Ticker): STC(GAS)
Sector:
Industry:
Energy Minerals
Integrated Oil
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 2017

  • Local currency
  • US Dollar
Revenue 64,569.91B
Gross profit 14,660.96B
Operating income 11,551.82B
Income before tax 12,465.22B
Net income 9,576.92B
EBITDA 14,215.94B
Diluted EPS --
Dividends per share --
Total assets 61,786.99B
Total liabilities 18,606.42B
Total equity 41,412.22B
Operating cash flow 16,241.52B

Currency in VND

Revenue 2,842.38M
Gross profit 645.37M
Operating income 508.51M
Income before tax 548.72M
Net income 421.57M
EBITDA 625.78M
Diluted EPS --
Dividends per share --
Total assets 2,720.81M
Total liabilities 819.34M
Total equity 1,823.60M
Operating cash flow 714.95M

Currency in USD

Valuation measures

Dec 2017

PER 19.99
ROA 16.15%
ROE 23.78%
Operating margin 17.89%
Profit margin 14.83%

Key executive

  • Chief Executive Officer & Director: Son Manh Duong
  • Deputy Chief Executive Officer: Huy Quoc Nguyen
  • Deputy Chief Executive Officer: Nghi Thanh Nguyen
  • Deputy Chief Executive Officer: Quang Ngoc Bui
  • Deputy Chief Executive Officer: Vu Tung Ho

Share holders

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