reports
Hoa Sen Group: 1 director
A director at Hoa Sen Group sold 390,900 shares at 0.000VND and the significance rating of the trade was 81/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly s...
- MarketLine Department
Hoa Phat Group - Strategy, SWOT and Corporate Finance Report
Summary Hoa Phat Group - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Hoa Phat Group (Hoa Phat) is a diversified company. It trades, exports and imports iron and steel, materials and equipment for refining and rolling steel. The company manufacturers roof fabrica...
- Tam Pham
Result Update Report: HSG - Prolonged impact from flat steel market’s ...
The lack of demand for GI/GL and steel pipes in both domestic and export markets will continue to put pressure on HSG's mid- to long-term business results, although profits may recover in the short term because of material price uptrend. Operating in both the manufacturing and retail segments, HSG has the advantage to be able to maintain stable selling prices but also faces pressure from the cost of maintaining a large retail system that erodes profits. FY 2022-2023 will be a difficult year for ...
- Tam Pham
HSG: Challenges to both production and sales departments
We predicted HSG’s subpar performance in 1Q/FY22-23 in our previous recommendations, when the steel industry started its downturn. HSG’s operation in both upstream and downstream markets could have doubled the impact from input price fluctuations compared to industry peers. Future improvements depend on HSG’s capacity to (1) be as flexible as possible in purchasing and stocking activities and (2) revamp sales policies during the unfavorable market condition, which is going to be prolonged at...
- Tam Pham
HSG – Expectation of a Margin Spring in 2H/FY22-23
Profits tumbled amid falling demand and high-priced materials in FY21-22. Gross profit margin slumped to 9.9%, versus 18.1% of the previous fiscal year. Revenue added 2% YoY to VND 49,711 bn but PAT-MI tumbled -94% YoY to VND 251 bn. Domestic sales to lead growth and margin recovery in FY22-23. Gross margin is expected to return to the positive territory from Q2 and recover better in 2H with more support from the returning demand in Western markets while competition with China and India relax...
- Son Tran
Analyst Pin-board HSG – Dim export outlook in Q4
· Weak exports and rises of input prices impaired the Q2 bottom line. Revenues jumped 17% YoY to VND 12,661 billion but NPAT-MI tumbled 77% YoY to VND 234 billion. · After 1H/FY2021-2022, HSG completed 64% of its revenue plan and 58%/35% of its worst/best cases for PAT. · Q3 exports will benefit from high demand from overseas. The HRC price gap between Vietnam and Western markets expanded in March implying a better export gross profit margin. The situation will...
- Son Tran
Analyst Pin-board HSG – Surging Steel Prices are likely to Bring Anoth...
· The Russia-Ukraine war and the Western’s sanctions on Russia have led to a disruption in steel production and steel import over the Western countries. Steel prices in the EU have surged to a new peak in March 2022. HSG has finalized a million tons of HRC at low-price, which suffices to sell until the end of August 2022 and makes it ready to capture the high-pricing opportunity. · The FY2021-2022 revenue and NPAT-MI are forecasted to be VND 66,408 bn (USD 2,913 mn, +36%...
- Son Tran
Analyst Pinboard: HSG – Domestic demand is going to recover and export...
· The company expects selling volume in September to be flat compared to August, reaching roughly 160,000-170,000 tons of products. The demand from foreign markets is still strong as the company is receiving orders for production in January 2022. · HSG’s NPAT can increase strongly in 1Q/FY2021-2022 as domestic demand is likely to recover after easing social distancing and. Steel price movements in foreign markets are going to favor HSG. · We adjust FY2020-2021 ...
HSG- Advantage at domestic market is key to recovery
Hoa Sen Group JSC (HSX: HSG) has been through a volatile period due to reduced raw material prices and risky speculative activities. Disappointing business results have put pressures on investor sentiment and its stock price. Nevertheless, Hoa Sen maintains its key advantage in the domestic retail market thanks to a strong brand name and domestic distribution network while its direct competitors rely more on lower margin exports. By reducing speculation activities and limiting transactions ...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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