reports
- Hung Le
LHG - Positive long-term outlook will overshadow the current results.
Long Hau Joint Stock Company (HSX: LHG) has just announced its 2Q2023 financial report, showing that business results declined compared to the same period last year. Accordingly, net revenue in Q2 only reached VND 67 billion (USD 2.82 million), down 71% YoY. NPAT also decreased by 40% to VND 24 billion (USD 1.01 million). In the first half of 2023, LHG recorded net revenue of VND 182 billion (USD 7.67 million), down 48% YoY. NPAT reached VND 75 billion (USD 3.16 million), down 16% YoY. 2023 r...
- Hung Le
LHG’ S 2023 AGM NOTE – STEADY, STABLE & SUSTAINABLE
Long Hau set a business plan for 2023 with a projected revenue of VND 902.1 billion or $38.4 million, a 28.5% increase from the previous year, and an anticipated profit after tax of VND 127.05 billion or $5.4 million, a 37.7% decrease from the previous year actual figure.. For the Capex plan, Long Hau continues to have ambitious plans with a total investment of up to VND 1,853.3 billion or $78.8 million (+23.1% YoY). In the long-term, progress of real estate projects seem to slow down as bei...
- Hung Le
LHG – Gloomy 2023 outlook
LHG reported a 61% year-on-year increase in revenue to VND 103 billion in the fourth quarter of 2022, while NPAT reported a 20% year-on-year increase in revenue to VND 30 billion. The strong growth in business results was led by revenue from the IP land leasing segment compared to the low base (no revenue) in the fourth quarter of 2021.For the whole 2022, LHG earned VND 629 billion in revenue, a 20% decrease year on year, and met 80% of its revenue targets. NPAT totaled VND 202 billion, a 32% ...
- Hung Le
LHG – Expect to see earnings boost in 2025
In 3Q2022, the total revenue reached VND 178 billion or USD 7.4 million (+242% YoY) and NPAT was VND 82 billion or USD 3.4 million (+310%YoY). The robust growth was due to low base effect of 3Q2021. In 9M2022, LHG’s revenue declined 27% YoY to VND 525bn (~USD21.8 million) and its NPAT plunged 37% YoY to VND172bn (~USD 7.1 million) From LHG’s EGM, we learned that the company (1) may not meet its 2022 revenue plan; (2) considers choosing AFC or A&C to audit its 2022 FS; and (3) LHG will see ear...
- Son Tran
Analyst Pin-board LHG – Value is still there
· Long Hau 3 phase 1 still has enough leasable area to ensure earning results at least until 2024. Meanwhile, the project of An Dinh Industrial Park and Long Hau 3 Industrial Park Phase 2 delay until end of 2024 – early 2025 due to the impact of the decree 35. · We expect LHG's 3Q2022’s earnings to show a strong recovery compared to the same period last year. Specifically, revenue is estimated at ~VND 208.18 billion (+300.03% YoY), EAT is 78.65 billion dong (+295.35% YoY...
- Son Tran
Analyst Pin-board LHG – Earning will go back to growth trajectory in 2...
· In Q2 22, LHG recorded a plunge of 58% YoY in revenue to VND 233 billion (~ USD10 million). NPAT plummeted by 81% to VND 41 billion (USD ~1.9 million). The YoY decline was due to (1) high base of 2Q2021 as LHG recorded a historical high in earnings owing to leasing contract of 10 hectares with LOGOS, and (2) deteriorating GPM of the industrial land leasing segment to 18% in the last quarter. · In the long-term, we are confident that LHG will perform well as (1) the his...
- Son Tran
Analyst Pin-board LHG – Conservative guidance
In 2021, LHG recorded revenue and NPAT-MI of VND 782bn (+16% yoy) and VND 295bn (+49% yoy), in line with our forecast. The IP segment brought strong growth to LHG in H1 2021, with IP land sale reaching 12 hectares (+20% yoy) and the rent reaching 200 USD per sqm (+5% yoy). In 2022, the IP land demand will the growth of the IP segment, as well as LHG’s revenue and earnings growths in total. As a result, revenue and NPAT-MI are expected to grow strongly in 2022, estimated at VND 918 bn (+17%) a...
- Son Tran
Analyst Pin-board LHG – Industrial land sales drive earnings growth in...
In Q4 2021, LHG's revenue and NPAT-MI reached VND 64bn (-65% yoy) and VND 28bn (-63% yoy) due to LHG recognized zero industrial park (IP) land sale. In 2021, LHG recorded revenue and NPAT-MI of VND 782bn (+16% yoy) and VND 295bn (+49% yoy), in line with our forecast. The IP segment brought strong growth to LHG in H1 2021, with IP land sale reaching 12 hectares (+20% yoy) and the rent reaching 200 USD per sqm (+5% yoy). In 2022, the IP land demand will the growth of the IP segment, as well as...
Long Hau Corp: 1 director
A director at Long Hau Corp sold 3,756,000 shares at 0.000VND and the significance rating of the trade was 100/100. 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 clearl...
- Son Tran
Analyst Pin-board LHG – Industrial land sales drive earnings growth in...
9M 2021, revenue reached VND 718bn (+56% yoy) and NPAT-MI reached VND 270bn (+101% yoy) thanks to positive land sale progress of Long Hau 3-phase1 Industrial Park (LHG-p1 IP). We expect LHG to record NPAT-MI of VND 18bn (-72% yoy) and VND 288bn (+45% yoy) in Q4 and whole year 2021, respectively. In 2022, the industrial park (IP) segment continues to be the main growth driver thanks to the growth of rental area and average selling price (ASP). As a result, revenue and NPAT-MI are expected to g...
- Hoang Bui
Long Hau Corporation: Leasing Long Hau 3 IP will ensure income for nex...
2020: PROFIT GROWTH FROM IP LEASING SEGMENT * Q4 revenue reached VND184bn (-32% yoy) due to a sharp decline in revenue from the IP leasing segment of 41% yoy. In contrast, warehouse revenue increased by 17% yoy, to VND31bn. GPM increased from 23% to 51%, mainly due to the improvement in the GPM of the IP leasing segment from 18% to 58%. Gross profit reached VND94bn (+ 55% yoy). * In 2020, revenue increased by 7.5% yoy (to VND644bn) due to high demand for renting IP land and warehouse. G...
- Son Tran
LHG - Long Hau 3 IP ensures the income for the next three years
We have a positive view on the demand for renting IP land and warehouse in the future. Long Hau's advantage is that their IPs are located in Long An province, very close to Ho Chi Minh city, which helps the demand and the leasing price. Currently, Long Hau 3 - Phase 1 IP has 35 hectares available to lease, this will ensure the income of the next three – four years. The short-term growth driver comes from the increase in IP leasing price and the expansion of the warehouse segment. The ability to...
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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