Vietnam Gas Corporation (PV GAS, code: GAS) is the enterprise holding the highest amount of cash on the stock exchange, with a "huge" amount of deposits, accounting for 46% of the enterprise's total asset structure. By the end of the second quarter of 2024, PV GAS's total assets reached 95,167 billion VND, an increase of 8.4% compared to the beginning of the year. Of which, 43,919 billion VND is cash, cash equivalents and short-term deposits, this number has increased by 7.7%, equivalent to an increase of 3,166 billion VND compared to the beginning of the year.
Of the 43,919 billion VND mentioned above, 7,555 billion VND is cash, demand bank deposits and bank deposits with a term of no more than 3 months. Part of the demand deposit is used by the company as collateral for short-term loans at the bank; The remaining 36,364 billion VND are bank deposits with initial maturity of over 3 months to less than 12 months and enjoy interest rates from 2.9%/year to 10.1%/year.
With a large amount of deposits, in the first 6 months of this year, PV GAS earned 908 billion VND from financial activities, down 20% compared to 1,134 billion VND in the same period. Of which, 831 billion VND is deposit interest, the rest comes from exchange rate differences, dividends and some other sources.
In the first 6 months of the year, PV GAS's net revenue reached 53,367 billion VND, an increase of 17.9%; Profit after tax reached 5,959 billion VND.
Standing in second place is also a "big man" in the oil and gas industry, Binh Son Refining and Petrochemical Joint Stock Company (Code: BSR) holds cash of up to 39,964 billion VND, down 4.8% compared to the beginning of the year.
Of which, 25,704 billion VND are term deposits not exceeding 3 months at commercial banks; VND 13,822 billion is deposits with original term of more than 3 months and remaining term of not more than 12 months; The remaining about 440 billion VND is cash and demand deposits.
According to BSR's explanation, of this amount, 4,734 billion VND is being deposited by the company at Oceanbank Quang Ngai branch. This bank is currently temporarily stopping payments to institutional customers with deposits at Oceanbank according to the Bank's direction State.
With the above deposits, in the first 6 months of the year, BSR recorded 1,266 billion VND in financial revenue, with insignificant fluctuations compared to the same period. Deposit interest reached 640 billion VND, down 16% over the same period last year.
At the end of the first 6 months of the year, BSR's net revenue reached 55,112 billion VND, down 18% over the same period; Profit after tax reached 1,884 billion VND, down 36% over the same period last year.
Ranked 3rd is Vingroup - JSC (Code: VIC) with cash and deposits reaching 32,763 billion VND.
Of which, 27,350 billion VND are bank deposits with terms from 1 month to 3 months with interest rates from 1.6%/year to 3.7%/year; VND 1,193 billion is cash, cash in transit and cash equivalents; VND 1,851 billion is deposits and bonds with terms from over 3 months to one year, interest rates from 2.9% to 7.2%/year; The remaining 2,368 billion VND is other investments.
In the first 6 months of the year, Vingroup recorded financial revenue of 11,177 billion VND, of which interest on deposits, loans and deposits reached 1,075 billion VND, a sharp increase of 85% over the same period last year.
Similarly, with a record high amount of cash, Mobile World Investment Joint Stock Company (Code: MWG) ranked 4th with cash and deposits of up to 30,957 billion VND, a sharp increase of 27.4% compared to the previous period end point 2023.
Of which, 4,875 billion VND is cash, deposits and money in transit; VND 1,211 billion is a term deposit of no more than 3 months; VND 12,271 billion is deposits from 3 months to less than 1 year; VND 12,909 billion is deposits and other investments with terms of less than 1 year.
In the first 6 months of the year, Mobile World's financial revenue reached 1,165 billion VND, up 23% over the same period last year. Of which, deposit interest is nearly 958 billion VND.
Ranked 5th is Viettel International Investment Joint Stock Corporation (Viettel Global, Code: VGI) with cash and deposits reaching 29,518 billion VND, an increase of 27.7% compared to the beginning of the year. Of which, cash, bank deposits, money in transit and cash equivalents reached 11,163 billion VND; Deposits with a term of less than 12 months are at VND 18,355 billion.
In the first 6 months of the year, Viettel Global's financial revenue reached 2,967 billion VND, an increase of 2.2 times compared to the same period last year. Of which, deposit and loan interest reached 675 billion VND, up 13% over the same period last year.
In addition to the top 5 businesses mentioned above, there are a series of other businesses with cash and deposits recorded at tens of trillions such as: Petrolimex (26,767 billion VND), FPT (26,752 billion VND), Hoa Phat (more than 26,000 billion VND). VND), Vinamilk (24,228 billion), Sabeco (23,358 billion VND) Vinhomes (20,854 billion VND), Masan (20,467 billion VND), Duc Giang Chemical (10,239 billion VND).
