Analyst Pin-board HAX – Growth opportunities ahead
2020 results were positive due to Decree 70 which is about the 50% reduction of registration fees, increasing the demand for cars. In 2021, Decree 70 is no longer in effect, but the recovery of the economy and low car ownership will help car sales. At the same time, low pressure to liquidate inventories (compared to 2019) will help maintain GPM and increase profitability. In the long term, HAX has many opportunities thanks to (1) growth of the Vietnamese middle and upper class; (2) new policies are being considered by the Government to help lower domestic car production costs, thereby reducing selling prices and stimulating demand; (3) Haxaco itself actively focuses on improving profit quality instead of market share expansion.
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.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.