PCC1 has just registered its name in the TOP 50 best listed companies of the year awarded by Forbes Vietnam for its strong foundation, high growth rate and good asset quality.
Mr. Vo Hong Quang, Deputy General Director of PCC1 on the honor podium
Announcement ceremony of the 50 best listed companies in Vietnam in 2020 was held by Forbes Magazine in Ho Chi Minh City. To be on this list, enterprises participating in the vote must pass three rigorous screening rounds to choose listed companies with good business, market capitalization and revenue of over 500 billion VND. At the same time, the compound growth rate in terms of revenue, profit, profitability ratio (ROE, ROA) and quality measurement criteria must be ensured.
Passing these rounds, the company undergoes a sustainable development assessment with criteria for brand name, corporate governance quality, historical earnings and development prospects. In which, PCC1 received positive scores in all categories.
With impressive business results, PCC1 has received many prestigious awards from domestic and foreign organizations
In 2019, PC1 achieved revenue of 5,845 billion VND, profit after tax reached 376 billion VND. As the listed companies started to cautiously adjust their business plans, in early June, PC1 held the shareholders’ meeting with 25% profit growth plan and expected revenue of 400 million USD - the highest from ever.
This is also the driving force for the company to continue promoting its capacity and raise its brand name
In traditional business activities, PC1 is leading the country in the field of electrical construction with a thick portfolio of power transmission projects that have been carried out on national scale.
Renewable energy is an area that has been promoted in Vietnam since 2017 with preferential policies for investment in wind and solar power development. In 2019, for the renewable energy segment, PC1 has built the substation and transmission line infrastructure, with a total capacity estimated at 1.2 GW out of 4.9 GW connected to the grid, equivalent to about 25% of the new generation capacity of the market. PCC1 has been striving to become a leading unit in Vietnam in terms of EPC general contractor for high-voltage and super-high-voltage electrical projects.
In the field of industrial production, PCC1 is the only unit and has the largest scale in Vietnam in designing and manufacturing steel tubular poles 110 KV, 220 KV - 1, 2, 4 circuits and steel pipe tower up to 750kV, with modern technology line integrated with CNC control system which has a total capacity of over 50,000 tons of products / year. PCC1 has received the transfer and mastered the technology of designing and manufacturing completely steel pipe tower products from AG-AJKAWA (Japan).
The company's steel poles products have been present in a series of 500kV projects, including the highest 500kV Song Hau - Duc Hoa poles in Southeast Asia, more than 23,000 tons for the 500kV circuit 3 project.
In the field of energy investment, PCC1 has successfully operated 7 hydropower plants in the North and is currently implementing 03 wind power plants in Huong Hoa district, Quang Tri province, with a capacity of 48MW.
In terms of investment, VCSC believes that PC1 shares have an attractive valuation at a projection P/E of 2020 of 6-7 times and a P/B of 0.6 times of projected compound annual growth rate (CAGR) of VCSC for the period 2019-2024 is 13% thanks to its plan to significantly expand wind power capacity.
With these achievements, PCC1 has been in the TOP 500 largest enterprises in Vietnam for many years; TOP 500 most profitable enterprises in Vietnam and TOP 50 excellent Vietnamese enterprises.
