Analyst Pin-board: HAH – 2Q2019 Business Update
HAH's 2Q2019 business results started to show positive signs thanks to the strategic shift from port operation to container shipping back in 2014. Thanks to the early preparation, up to now, the shipping operation has gradually stabilized in terms of cargo volume and helped to ensure operational efficiency for Hai An Port itself. For 1H2019, container shipping segment has started to replace port operation as the largest contributor to the company's gross profit. Accordingly, gross profit from shipping has increased by 63%, accounting for 52% of gross profit structure of HAH. Furthermore, it is expected that the Government will implement policies to support the shipping industry in the near future. We believe that HAH can fully benefit from this owing to competitive advantages of the fleet.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
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