GELEX currently operates under a holding company model, with the vision of becoming a leading investment group in Vietnam. Currently, GELEX announces that it holds and manages capital in over 50 subsidiaries and affiliated companies, and has the support of over 52,000 shareholders, including many foreign investment funds. Given its scale and position, GELEX has increasingly focused on and demanded innovation in its Investor Relations (IRS) activities.
More professional and efficient
According to GELEX representatives, throughout its operations, the company has always strictly complied with the regulations on information disclosure of Circular 96/2020/TT-BTC issued by the Ministry of Finance on November 16, 2020, and the regulations of relevant authorities. In 2023, GELEX was among the 364 out of 731 listed companies on HOSE and HNX that successfully fulfilled their information disclosure obligations.
In response to market developments and based on the company's production and business activities, GELEX also focuses on developing and disseminating materials for investors. This includes the continuous improvement in both the format and quality of its Annual Reports. The report content is carefully selected and presented in a scientific and consistent manner to provide a comprehensive overview and convey the company's messages to investors.
Since 2022, GELEX has also proactively developed quarterly business performance reports and summaries. Through these reports, the company proactively interprets and analyzes the macroeconomic and industry context; analyzes the factors impacting business results; and provides assessments and forecasts of future business prospects.
GELEX representatives added that the Annual General Meeting of Shareholders is an important event for GELEX, a place for open and frank dialogue and answering all shareholder questions. Therefore, each meeting attracts a large number of shareholders and receives positive feedback.
Recently, GELEX's Investor Relations activities have focused more on expanding investor relationships, proactively connecting with institutional investors through exchanging updated information via email, meeting in person at the company headquarters, or participating in investor conferences and seminars organized by securities companies and investment funds.
In particular, GELEX has also increased its approach to investors through channels such as: website, fanpage, LinkedIn, email, and the press…
The most noticeable change comes from the website's redesign, which has provided users with a convenient and fresh experience. Information and reports are regularly updated in both published text and news formats, in Vietnamese and English, helping investors access the most accurate information.
Social media platforms like fan pages, LinkedIn, and email facilitate two-way communication between companies and investors in the simplest and most convenient way.
More importantly, through mainstream media channels such as newspapers, GELEX also proactively enhances information provision, conveying consistent and timely information messages, while helping investors receive accurate and selective information, thereby forming a correct perspective and assessment of the company's strategy and value.
A GELEX representative stated: “We understand that shareholder trust is also a measure of a company's value, and GELEX always strives to innovate its investor relations (IR) activities, demonstrating corporate responsibility, contributing to economic development, and ensuring and enhancing the rights and interests of shareholders and investors.”
GELEX's long-term goals
According to GELEX representatives, in the long term, in addition to meeting non-financial interests such as providing timely and transparent information, GELEX continues to ensure and increase the financial interests of shareholders by focusing on developing core business segments, ensuring stable corporate profit growth, and investing in the development of new segments to create long-term growth opportunities, thereby ensuring shareholder benefits through an annual dividend policy.
In 2023, GELEX aims for consolidated net revenue of VND 37,457 billion and consolidated pre-tax profit of VND 1,272 billion, representing 117% and 61% respectively compared to 2022 performance.
To achieve that goal, GELEX aims to increase operational efficiency through restructuring its business segments, applying lean thinking in operations, optimizing costs and profits in manufacturing sectors; continuing to invest in and bring ongoing projects into operation on schedule; selectively investing in new projects with high potential and researching investment in new areas with high growth potential, good profitability, and suitability to the GELEX ecosystem.
Simultaneously, GELEX will also apply technology in management, while implementing comprehensive management across the entire system in three areas: financial planning, internal auditing, and human resources; continue preparing the conditions and foundations for applying international financial reporting standards (IFRS) and international credit ratings; and enhance the effectiveness and efficiency of the internal audit and control system to control and minimize risks.
GELEX representatives affirmed: “Regarding Investor Relations, GELEX will continue to pursue a proactive and effective strategy to increase shareholder confidence and corporate reputation. In particular, the solutions that GELEX has developed will be standardized and applied consistently not only at the parent company but also across all member units throughout the system.”
Thanh Ha
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