Title CF_GroupReport THAM KHẢO 1.docx ✅

1 Table of Contents I. INTRODUCTION ABOUT 5 STOCKS 3 a. FPT 3 b. GAS 4 c. HPG 6 d. VCB 7 e. VNM 8 II. ANNUAL AVERAGE RETURNS 10 a. Annual average return of five stocks analysis 10 b. Annual return of five stocks during 2016-2021 11 i. FPT 11 ii. GAS 12 iii. HPG 13 iv. VCB 14 v. VNM 15 c. Annual return of market portfolio 16 d. Annual return of group’s portfolio 17 III. TOTAL RISK – VARIANCE & STANDARD DEVIATION 18 a. FPT 18 b. HPG 19 c. GAS 19 d. VCB 20 e. VNM 20 f. Market portfolio 21 g. Group’s portfolio 21 IV. SYSTEMATIC RISK – BETA COEFFICIENT 21 V. WEIGHTS OF EACH STOCK ON GROUP’S PORTFOLIO RESULT IN MINIMUM VARIANCE 22 VI. APPENDIX 23 VII. REFERENCE 26
2 I. Introduction 1. FPT FPT Corporation, the largest technology service in Vietnam, was founded on September 13, 1988, which is a descendant of The Food Processing Technology Company. In 2002, the company equitized with the name of The Corporation for Financing and Promoting Technology and began to list on Ho Chi Minh City Stock Exchange (HOSE) under the code of FPT in late 2006. On December 19, 2008, the corporation changed its name to FPT Corporation. According to CafeF, FPT Corporation currently has 3 core business lines: Technology, Education and Telecommunications, which contain an outstanding number of sections with 17 industries such as Export Software, Banking, and Financial, Real Estate, System Integration (SI), Distribution of Information Technology and Telecommunication products, Education and Training, etc. According to FPT, up to now, the company has 8 subsidiaries and 5 associated companies with a total of over 30,651 employees. So far, the company has reached 29,830 billion VND in 2020’s revenue (FPT, 2021). The Capital Charter is over 10,259 billion VND along with the number of listed stocks and shares outstanding are 907,551,649 and 907,469,273 shares, respectively (CafeF, 2021). The financial performance of FPT Corporation over 3 years, from 2018 to 2020, are shown below: 2018 2019 2020 Total assets and capital structures (Billion VND) Total assets 29.757 33.394 41.734 Total Liabilities 14.982 16.595 23.129 Total Equity 14.775 16.799 18.603
3 Total revenue and profit (Billion VND) Operating revenue (from goods and services) 29.921 27.792 29.921 Profit before tax 5.263 4.664 5.263 Profit after corporate income tax 4.423 3.911 4.423 Profit after parent company’s tax 3.538 3.135 3.538 Financial indicators EPS (thousand dong) 3.9 4.22 4.12 BV (thousand dong) 24.08 24.76 23.73 P/E ratio (%) 10.82 13.82 14.34 ROA (%) 8.81 9.39 8.48 ROE (%) 17.73 18.66 19.02 (CafeF, 2021) 2. GAS PetroVietnam Gas Joint Stock Corporation (PV Gas) is a significant corporation – a member of the Vietnam National Oil and Gas Group (PVN) – that is a market leader in Vietnam's gas sector. In September 1990, Gas Company was established with the foundation of collecting, transporting, processing, storing, and trading gas and gas products such as Dry gas, Liquefied Petroleum Gas (LPG), Compressed Natural gas (CNG), etc. Up to now, PV Gas has covered most activities related to the gas industry in Vietnam and expanding in the ASEAN region. PV Gas's shares were listed and traded on the Ho Chi Minh Stock Exchange on the first day of the HCM city trading floor with the stock ticker of GAS (CafeF, 2021).
4 The financial performance of Hoa Phat Group over 3 recent years, from 2018 to 2020, are shown below: 2018 2019 2020 Total assets and capital structures Total assets 62,614,420,245 62,178,787,390 63,208,401,030 Total Liabilities 15,747,295,133 12,564,256,032 13,708,720,045 Total Equity 46,867,125,113 49,614,531,358 49,499,680,985 Total revenue and profit Operating revenue (from goods and services) 75,976,345,570 75,310,106,606 64,134,965,487 Profit before tax 14,539,921,931 15,068,262,843 9,978,064,229 Profit after corporate income tax ​​11,708,565,480 12,085,651,310 7,971,791,220 Profit after parent company’s tax 11,453,968,895 11,902,248,028 7,854,955,922 Financial indicators EPS (thousand dong) 5.91 6.14 4.03 BV (thousand dong) 24.49 25.92 25.86 P/E ratio (%) 14.65 15.26 21.49 ROA (%) 18.29 19.14 12.43 ROE (%) 24.44 23.99 15.87 (CafeF, 2021) 3. HPG Hoa Phat is Vietnam's largest industrial manufacturing group. Hoa Phat began as a construction machinery trading company in August 1992 and has since expanded into other fields. Hoa Phat has been legally listed on the Stock Exchange under the stock ticker ‘HPG' since November 15, 2007. For some progressive years, Hoa Phat was perceived as a National Brand, one of the Top 50 largest and potential corporations in Vietnam. With its business concept of "Harmony for joint development.", Hoa Phat invests 10 billion VND each year to fulfill its corporate social duties to society. (Hoa Phat Group, n.d.) Through a long journey of growing and making progress, Hoa Phat has expanded its field and scope of operation to many new business sectors such as trading and production of