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Analyst Pin-board HAH - Robust container transportation performance led the significant profit growth

• Q2-2021 revenue was VND 449 billion (+72% YoY) while NPAT reached VND 98 billion (+150% YoY) largely driven by the container shipping business on the back of higher transported volume as well as income leasing vessels. For 1H2021, the accumulated revenue was VND 808 billion (49% YoY) and NPAT amounted to VND 183 billion (+161% YoY). While the former has accomplished 49% of full-year guidance, the latter has exceeded the plan by 16%.
• Hai An Port operation: Q2-2021 throughput volume reached 104,189 TEUs (+42% YoY). Consequently, accumulated throughput was 196,897 TEUs (+28% YoY). Domestic volume, which comes from HAH’s fleet, was 140,473 TEUs, accounting for 71% of total volume.
• Sea freight operation: Transported volume reached 125,404 TEUs in Q2-2021 (+83% YoY). For 1H2021, accumulated transport volume was 238,186 TEUs (+66% YoY).  Notably, the proportion of international transported volume reached 35% in 1H-2021, while it was 13% for 1H-2020 domestic transported volume was 154,209 TEUs. More importantly, freight rates for both international routes and domestic routes extended their rally, which largely helped expanding profit margins.