reports
Hai An Transport And Stevedoring Jsc: 1 director
A director at Hai An Transport And Stevedoring Jsc bought 600,000 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...
- Quan Cao
HAH – The low freight and time charter rates are putting pressure on t...
Accumulated in 8M2023, containers volume of handling and shipping were 268 thousand TEU and 261 thousand TEU, respectively, completing 64% and 66% of the 2023 plan (before adjustment), completing 68% and 64% of our forecast, respectively. HAH adjusted the plan for the year 2023, net revenue and NPATMI are VND 2,669 billion (-17% YoY) and VND 400 billion (-51% YoY) respectively, representing a 10% and 19% reduction compared to the initial plan. Forecast for 2024, net revenue and NPATMI will b...
- Quan Cao
HAH – Operation vessels face challenges
In Q2-FY23, container volume of handling and shipping were 98 thousand TEUs (-12% YoY) and 95 thousand TEUs (-11% YoY), respectively. Accumulated 1H2023, container volume of handling and shipping were 185 thousand TEUs (-14% YoY) and 177 thousand TEUs (-8% YoY), respectively, completing 44% and 45% of the 2023 plan. In Q2-FY23, revenue and NPATMI were VND 611 billion (-7% QoQ and -34% YoY) and VND 97 billion (-37% QoQ and -75% YoY), respectively. Accumulated 1H2023, revenue and NPATMI were VN...
- Quan Cao
Result Update Report: HAH - The challenges ahead
Entering Q2-FY23, sea freight rates can remain stable after a long period of decline, while charter rates have slightly improved when creating a bottom in Q1-FY23. This is considered as a psychological fulcrum that HAH's result will no longer experience too much impact from the reduction of freight and charter rates. Combining the two methods of P/B and EV/EBITDA, our target price for HAH is 45,200 VND/share, equivalent to an expected return of 5% based on the closing price on June 08th, 202...
- Quan Cao
HAH – Going through a difficult period for the entire maritime industr...
In Q1/2023, HAH's container handling and transportation volume reached 86 thousand TEU (-7% YoY) and 82 thousand TEU (-4% YoY), respectively, completing 21% and 25% of the 2023 plan. Revenue and NPATMI in Q1-FY23 reached VND 655 billion (+ 0% YoY and -23% QoQ) and VND 119 billion (-41% YoY and 31% QoQ), respectively, equivalent to complete 22% and 24% of the 2023 plan. Regarding the 2023 plan, HAH sets a target that volume of container handling and shipping can be flat compared to that of 202...
- Son Tran
Analyst Pin-board HAH – Poor outlook for the end of the year
Accumulated 8M2022, revenue and NPAT reached VND 2,200 billion and VND 580 billion, completing 92% and 105% of the annual plan, respectively. It is expected that in Q3/2022, revenue and NPAT will reach VND 850 billion (+79% YoY) and VND 200 billion (+115% YoY) respectively. Update on HAH's fleet: Haian City vessel completed repairs on September 27th, 2022 and handed over to tenants, the time of contract will extend until January 2023. HAH is expected to hand over the Akibo in November 2022, n...
- Son Tran
Analyst Pin-board HAH – Solid Container Vessels Operations to Drive 20...
· Preliminary revenue and net profit for 2021, per management, was respectively estimated VND 1,976 Bn (+ 66% YoY) and VND 440 Bn (+ 219% YoY), ahead of our expectations by 8% and 19%. We attributed the positive business results mainly to solid container vessels operation, which was strongly supported by favorable charter rates and higher domestic freight rates. · HAH will expand its container fleet by purchasing used vessels and order new-built vessels as well. Notably,...
- Son Tran
Analyst Pin-board HAH – Container ship operation segment continues to ...
· In Q3/2201, revenue was VND 476 Bn (+ 65% YoY), coupled with expanded profit margins, strongly driving NPAT-MI to reach VND 93 Bn (+ 302 % YoY). Consequently, accumulated 9M2021 revenue and NPAT-MI reached VND 1,284 Bn (+ 55% YoY) and VND 242 Bn (+ 173% YoY) respectively. This positive business result was mostly driven by stable transported volume growth and solid charter profit with increased charter rates and higher number of vessels leased out. · Vessel chartering w...
- Son Tran
Company Report: HAH - Domestic Container Shipping Giant
Since the first vessel purchased in 2014, HAH has been expanding its fleet merely every year. As a result, by 2021, HAH owns eight vessels, the largest container fleet in Vietnam, with a total capacity of 11,000 TEU. As a result, it is the market leader in domestic container transportation. We believe that with larger vessels, HAH has advantages over competitors, including 1) getting priority in providing feeder services for MLOs; 2) bidding higher charter rates for large-sized vessels and 3) mo...
- Son Tran
Analyst Pin-board HAH – Chartering services to primarily drive strong ...
· We expect HAH’s charter revenue to reach VND 185 Bn in 2H2021, rising by 346 % YoY, strongly backed up by doubling charter rates from Hai An East and leasing out one more vessel named Hai An West. · Growth in average domestic transported volume per shipping trip will get tight in Q3-2021 due to strict distancing measures, followed by a recovery in Q4-2021. Meanwhile, export-import volume will decline in Q4-2021 as HAH cut off HCMC-Singapore service. Overall, we expe...
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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