We think that there is still uncertainty related to rubber price and progress of handover to the tenants in VSIP3, that may affect the success of 2023 business In our base case, the total revenue is estimated at VND 1,685 billion (USD 73.8 million, -1.4% YoY), NPAT could reach VND 528 billion (USD 23.1 million, - 40.4%YoY), fulfill 96% 2023 plan. The corresponding EPS will be 3,896 VND. In the long term, the rubber segment seems not profitable compared to the industrial park business. PHR is...
PHR's 4Q2022 revenue reached VND 577 billion (-3% YoY), and NPAT skyrocketed to VND 528 billion (+168% YoY). For FY2022. Revenue was VND 1,710 billion, down 12% YoY, while NPAT climbed 85% YoY to VND 881 billion. Earnings growth was mainly driven by abnormal income from the VSIP3 deal. Compensation income from the VSIP 3 deal will continue to be PHR's profit fulcrum in 2023 in the context that (1) the rubber business is expected to have a slight improvement as the impact of China's reopening ...
A director at Phuoc Hoa Rubber Jsc bought 93,900 shares at 0.000VND and the significance rating of the trade was 53/100. 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 c...
In 9M2022, PHR posted VND 1,131 billion in revenue (-11.6% yoy), NPAT-MI came at VND 495.36 billion (+45.6% yoy). In which, PHR’s Q3 revenue reached VND 522.75 billion (+0.19% yoy), NPAT-MI was VND 122 billion (-15.86% yoy). Specifically, the performance of rubber segment, wood processing and trees liquidation was not so favorable. However, the income from compensation is the main pillar for PHR's profit. PHR's prospects are still positive thanks to (1) interests from VSIP deal, (2) r...
In 1H2022, PHR’s revenue posted VND 607 bn (USD 26.4 mn, -19.6% YoY) and NPAT reached VND 355 bn (USD 15.43 mn, +109.1% YoY). Revenue deteriorated due to rubber and wood processing segments. The surge in the bottom line was the result of compensation payment from VSIP 3 and helped lifting performance of the first half. PHR has planned to convert 5,600 hectares out of 15,000 hectares rubber farm in Vietnam into industrial parks. Of which, 2,600 hectares area of four IPs including NTC 3, VSIP 3...
· Q3 revenue grew 16% QoQ to VND 522 bn while NPAT-MI surged 90% QoQ to VND 145 bn, supported mostly by revenue from industrial park (IP) leasing, versus no revenue from IP in Q2. · 9M2021 revenue posted VND 1,253 bn (+44% YoY) and NPAT-MI VND 305 bn (-57% YoY). Revenue growth came from main business segments, including rubber and IP. The plummet in the bottom line was the result of no compensation payment for land use right conversion, versus VND 456 bn compensation pay...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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