HSG – Cautious plan for short-term difficulties
• During the General Meeting of Shareholders for the 2025 fiscal year, HSG said that the steel sheet industry (especially the export market) may face difficulties, and at the same time, competitive pressure in the domestic market will also increase. Thereby, the Company sets a relatively cautious business plan due to concerns about fluctuations in raw material prices and risks from the export market.• The company’s strategy is to develop Hoasen Home, the chain of building and finishing materials stores under Hoa Sen Group, in order to become a large-scale supermarket chain of building materials. We believe this is a suitable strategy for HSG in the current period, but in order to effectively develop the Hoasen Home system, the company needs to pay attention to the following: 1/ The capital required to expand the Hoasen Home chain, 2/ Increasing the contribution rate of commercial products to total revenue – the main factor for the long-term sales growth expectations of the Hoasen Home chain.
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