Analyst Pin-board HPG - Dung Quat Project Update
With a capacity of over 2 mn tons annually, the Dung Quat project will become a great milestone for the Hoa Phat Group (HPG). Total capacity of HPG will increase 70% to 5.1 mn tons and revenue could reach VND 70,000 bn if it operates at full capacity at current steel prices. That would boost revenues in 2019 by 30% from this year. However, there are many concerns for the demand of steel since operational pressures affect the sector because of a weaker growth in the real estate sector and the slowdown of public investment.
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