A director at Ha Do Jsc bought 500,000 shares at 0.000VND and the significance rating of the trade was 67/100. 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 sho...
In 1Q23, HDG recorded revenue of VND 956bn (USD 40.4mn, +40%YoY) and gross profit reached VND 575bn (or USD 24.3mn, +24%YoY, -6%QoQ). The gross profit margin (GPM) reached 60% owing to the high GPM of the energy segment (1Q23 gross profit of VND 398bn with GPM of 73%). For the residential segment, HDG continues to handover villas at the Ha Do Charm – phase 2 project, with expected 2023 revenue of VND 750bn (USD 31.7mn, -32%YoY). At the same time, it plans to open the third phase of sales in l...
In 3Q2022, revenue (+32% YoY) and NPAT (+310% YoY) recorded positive growth. The main growth driver came from the energy segment, which maintained a high growth rate (+177% YoY in revenue) thanks to the stable operation of factories and favorable hydrological condition. In 4Q2022, Rong Viet estimates that HDG’s revenue and NPAT will reach VND 1,023 bn (+22% QoQ and -22% YoY) and VND 367 billion (+8% QoQ and -40% YoY) respectively. For the whole year 2022, we estimate revenue and NPAT at VND 3...
In 2H2022, revenue (+116% YoY) and earnings after tax (+427% YoY) witnessed a positive growth. The main growth driver came from the real estate segment started handing over the second phase of the Charm Villas project. Along with the energy segment, it continued to maintain a high growth rate (+82% YoY) due to stable operation of factories and favorable hydrological condition. In 2022, we predict that revenue and NPAT will be 3,680 VND billion (+3% YoY) and 1,570 VND billion (+17% YoY), respe...
In 2021, HDG recorded revenue and NPAT-MI of VND3,841bn (-23% yoy) and VND1,090bn (+11% yoy), respectively. The gross profit margin strongly improved thanks to the handover of 82 units at Hado Charm Villas, remaining units of Hado Centrosa along with the resilient energy segment. In Q1 22, HDG would focus on finishing the rough construction of villas and preparing for the third phase of sales in Hado Charm Villas (currently the construction rate is close to 70% complete). Regarding the energy...
· In 2021, HDG recorded revenue and NPAT-MI of VND 3,841 Bn (-23% YoY) and VND 1,090 Bn (+11% YoY), respectively. The gross profit margin strongly improved thanks to the handover of 82 units at Hado Charm Villas, remaining units of Hado Centrosa along with resilient Energy segment. · In Q1 2022, HDG would focus on finishing the rough construction of villas and preparing for third phase sale in Hado Charm Villas (currently the construction rate reached 70%). Regarding to...
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....
Generally, HDG's business results are in line with our expectations so far this year. Its major income still came from the deliveries in Iris towers at the Centrosa Garden, as the construction progress exceeded the company’s plan. The energy segment has seen more positive news about the development of renewable plants, including Infra 1 solar power and 7A Thuan Nam wind power plants. We maintain our optimistic view on HDG's business activities and have a target price of VND25,000/share on the....
Rong Viet Securities maintains an optimistic view on HDG's business activities: 1) Healthy cash flow generated from the remaining customer receivables of the Centrosa Garden project (VND 1,600 billion), and stable cash flow from the energy segment, 2) Debts that matured in 2020-2021 was not under high pressure to be re-paid and 3) Current valuation is at a reasonable level. P/B 2020 ratio is 1.0x, based on the current stock price. Using the RNAV method, Rong Viet Securities sets a target price...
HDG has more actively pursued growth and leveraging its scale after the state divestment. The company is one of our favorite stocks in the industry thanks to its large asset base and land bank. We revise our target price for HDG to VND46,500/share, 15% higher than the closing price on May 30. The revision factors in the Dakmi 2 plant. In general, we believe HDG is on the right track, increasing its stake in both residential projects and energy plants. We have an Accumulate rating on the stock.
The COD of Hong Phong 4 plant is expected in June 2019. Although the profit contribution is minimal, it creates good sentiment for upcoming renewable projects. Together with real estate, renewable energy is one of HDG’s key pillars in the coming years. The company is conducting a feasibility study of other wind and solar power plants, with total designed capacity of 300-400MW. Also, Ha Do plans to exploit the Nam An Khanh land bank. The real estate monetization will create a cash inflow to fund ...
Q3/2018 results: Profit growth due to the contribution of the residential business. HDG's revenue in Q3 was mainly driven by the handover of two real estate projects, namely Centrosa Garden and Hado Riverside. The hydropower segment’s results hit by seasonality, while the office and hotel segments’ performances are better than our expectation.
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