As part of the goal of effective and sustainable development, over the past time, GELEX Group has oriented IR as a specialized activity in public relations to build the brand of the business on the securities market.

GELEX operates under the Holding model, with a vision to become a leading investment group in Vietnam. Currently, GELEX holds and manages capital in more than 50 subsidiaries and associates and is accompanied by more than 52,000 shareholders, many of which are foreign investment funds. With such scale and position, GELEX has increasingly emphasized and demanded innovation in IR work.

GELEX Group’s headquarters is at 52 Le Dai Hanh, Hai Ba Trung, Hanoi

More professionalism and effectiveness

Throughout its operations, GELEX always ensures strict compliance with the regulations on information disclosure under Circular 96/2020/TT-BTC issued by the Ministry of Finance on November 16, 2020, and the regulations of relevant authorities.

Recently, through a survey of 731 listed companies on HOSE and HNX, the Organizing Committee of the IR Awards 2023 (co-organized by the Vietnam Association of Financial Executives, Vietstock & FiLi Magazine) announced that GELEX is among the 364 listed companies that have fulfilled their obligations in information disclosure for the year 2023, by consistently and seriously implementing compliance, fairness, and transparency.

In response to market developments and based on the business operations of the enterprise, GELEX also focuses on developing and disseminating materials for investors. This includes continuously improving the quality of the Annual Report in both form and content. The report’s content is carefully crafted and selected to present a comprehensive and scientifically coherent picture, conveying the enterprise’s messages to investors.

Since 2022, GELEX has proactively prepared Quarterly Reports and Business Results summaries. Thereby, the company takes the initiative to interpret and analyze the macroeconomic and industry context, analyze the causes impacting business results, and provide assessments and forecasts of the company’s prospects in the upcoming period.

GELEX provides information and answers shareholders’ questions at the Annual General Meeting in 2023.

Emphasizing communication with investors, the Annual General Meeting is an important event for GELEX – a place for open and honest dialogue and addressing shareholders’ concerns. As a result, each General Meeting attracts a large number of attending shareholders and receives positive feedback.

In recent times, GELEX’s IR activities have focused more on expanding investor relations, proactively connecting with institutional investors through information updates via email, direct meetings at the company’s headquarters, or participation in conferences and seminars organized by securities companies and investment funds.

In particular, GELEX has increased investor access through various channels such as the website, Facebook page, LinkedIn, email, and the press.

Changes can be clearly seen from the website renewal – the main official information channel of the GELEX Group, providing users with convenient and fresh experiences. Regular information and reports are updated in both published text and news formats, in Vietnamese and English, to provide investors with the most accurate information.

Social media platforms such as Facebook, LinkedIn, and email facilitate two-way communication between the company and investors in the simplest and most convenient way.

Moreover, through traditional media channels such as the press, GELEX also proactively provides information, conveys consistent messages, ensures timeliness, and helps investors receive accurate and selective information. This helps investors have the correct perspective and evaluation of the company’s strategy and value.

A representative of GELEX Group stated: “We understand that the trust from shareholders is the measure of the company’s value, and GELEX always strives to innovate IR activities, fulfilling the responsibility of the company, contributing to the development of the economy, and ensuring and enhancing the rights of shareholders and investors.”

Long-term goals of GELEX

Entering a new phase, the macroeconomic situation is predicted to continue posing pressure on businesses, including GELEX. However, challenges always come with opportunities.

In 2023, GELEX sets a target of consolidated net revenue of VND 37,457 billion, consolidated profit before tax of VND 1,272 billion, equal to 117% and 61% respectively compared to 2022.

To achieve these goals, GELEX aims to increase the efficiency of the Group’s operations and its subsidiaries through restructuring business areas, applying lean thinking in operations, optimizing costs and profits in production segments, continuing to invest in ongoing projects to ensure timely completion, selectively investing in new projects with potential and researching investments in high-growth potential and profitable areas that align with the GELEX ecosystem.

In parallel, GELEX will also apply technology in management and implement system-wide management in three areas: financial planning, internal auditing, and human resources. It will also prepare the necessary conditions and platforms for the implementation of International Financial Reporting Standards (IFRS) and international credit rating standards. The company will further enhance the effectiveness and efficiency of the auditing and internal control system to minimize risks.

The GELEX representative emphasized that: “In terms of Investor Relations (IR), GELEX will continue to pursue a proactive and effective strategy to increase shareholder confidence and enhance the company’s reputation. Moreover, the solutions developed by GELEX will be standardized and uniformly applied not only at the parent company but also across all subsidiary entities within the entire system”.

Source: Vietstock