With the vision of “Becoming the leading Real Estate Developer in Vietnam”, Hai Phat Invest always insists on that goal and the sustainable development strategy of the enterprise is harmoniously integrated in each business activity of the company. The event officially listed on Ho Chi Minh City Stock Exchange (Hose) in July 2018 by Hai Phat Invest is an affirmation of brand value, as well as the attractiveness of businesses in the eyes of the investor.
HPX listed on HOSE: Hai Phat Invest’s renovation journey
The year of 2018 is considered an important milestone in the next stage of development of Hai Phat Invest, the sound of gong opened the first listed stock trading session of HPX stock code, congratulating the stock market for a new stock with reference price is 26,800 VND/ share of Hai Phat Investment Joint Stock Company (Hai Phat Invest) at 9:00 am, 24/7/2018, at Ho Chi Minh Stock Exchange ( HOSE).
Mr. Do Quy Hai – Chairman of Hai Phat Invest conducted the ceremony of knocking the gong marking the first trading session of HPX shares.
It is not a coincidence that Hai Phat Invest has not yet put its shares on the official listing, but in the previous years, it has attracted prestigious strategic shareholders such as Dragon Capital (owning 15% of the shares), and with special attention of many other investors such as VinaCapital, VietFund Management (VFM), Rong Viet Securities Company, Agribank Securities Company … Thus, when the HPX code is officially listed, it has received the attention great interest of investors and securities experts, financial institutions …
Mr. Vu Huu Dien, Managing Director of Dragon Capital Investment Fund, foreign shareholders hold 15% of Hai Phat Invest’s capital, said HPX is a new and attractive stock in the market. In the next 3 years, the expected growth rate is about 30-60% per year compared to the P/E listing price of only 9 times. In addition, Hai Phat Invest is a new company, the foreign ownership rate (room) is only 15%, so the investment room is very large. While the companies of similar size like Khang Dien and Dat Xanh, Ha Do are full of rooms. The company also has relatively good competitiveness from searching project, construction organization, sales organization, legal completion, and strong leadership team.
Mr. Dien rated Hai Phat Invest listed in the current time as appropriate, when the stock market is recovering, macro, real estate is stable.
Hai Phat Invest has a chartered capital of 1,500 billion VND, operating in the field of real estate, managing real estate development after investment (leasing offices, trade centers, transaction facilities …). In the period 2016-2017, Hai Phat Invest’s after-tax profit achieved a double growth of 196%, from 166 billion VND at the end of 2016 up to more than 325 billion VND, of which average ROE was up to nearly 18%.
The clean land fund that the company currently has is about 400 hectares, of which 158 hectares of land are created from the previous period, the rest is at the end of this year, after Hai Phat Invest has completed some key works on infrastructure. In particular, these projects are large-scale, prime locations located in many different provinces such as Hanoi, Nha Trang, Da Nang, Hoi An, Binh Thuan, Nam Dinh, Bac Ninh, Thai Binh …
Mr. Doan Hoa Thuan, General Director of Hai Phat Invest shared, the long-term plan that Hai Phat Invest aiming is to expand investment strategy into the segment of industrial real estate and resort real estate. For the next 5 years’s target, Hai Phat Invest will accumulate land fund stretching from North to South with an area of about 10,000 hectares, through various forms such as cooperating with public-private partnership, auction, bidding and project implementation….
In 2018, Hai Phat Invest sets a net revenue target of 3,200 billion VND, double the previous year; after-tax profit of 320 billion VND, up 41%. Accumulated in the first 6 months of the year, the company expects to achieve 180 billion VND after tax profit. Representatives of the company’s management affirmed the plan of after-tax profit for the whole year of 450 billion VND definitely achieved, the profit will fall in the fourth quarter and the third quarter only record ed a part.
Plan to 2020, Hai Phat expects that net revenue will reach 5,500 billion VND and profit after tax will reach 950 billion VND, 1.7 times and 3 times higher than 2018 respectively.
Roman Plaza – one of the projects developed by Hai Phat Invest will become a highlight on the West Hanoi real estate market.
Consistent with sustainable development strategy
With a variety of major projects such as Van Phu Urban Area, The Pride, Roman Plaza, The Vesta, etc. Hai Phat Investment Joint Stock Company has been deployed for 15 years since its foundation, which has changed the appearance of urban areas in Ha Dong district. With determination and continuous efforts, now when mentioning Hai Phat Invest, it is considered as one of the leading real estate brands in the West of Hanoi capital with hundreds of hectares of clean land in many localities in the country.
Hai Phat Invest sets great expectation on human resources being good, experienced and creative leaders.
Financial institutions and investors that have been in contact with and worked with Hai Phat Invest are impressed by the good, experienced and creative leaders. This is the driving force for the strong development of the company over time.
Mr. Doan Hoa Thuan, General Director of Hai Phat Invest shared, to have Hai Phat today is the result of a continuous process of unite effort to write a value statement including: Ambition, mission, business philosophy and core values. As a result, every person of Hai Phat understands his own values, the value of labor and especially the value of solidarity, thereby bringing these values into business operations, creating the core Hai Phat’s own way and this is the foundation for the sustainable development of the Group.
“After the preparation period of both capital and human resources, Hai Phat Invest has been ready to enter a new growth phase with a jump in both scale and revenue. With a series of potential projects to be deployed starting from 2018, the point of growth for Hai Phat Invest will be in the period of 2018-2022 with an average growth rate of over 30% ”, Mr. Thuan said. and further emphasized that the project implementation plan has been carefully prepared by management to adapt and deal with all risks that may come from the volatility of the market.
In addition to the bold growth targets, Hai Phat Invest does not forget the core values that have been maintained throughout the 15-year journey of formation and development. That is the benefit story going hand in hand with social responsibility. According to Mr. Thuan, a successful enterprise is an enterprise not only bringing good quality products to customers, bringing maximum benefits to shareholders and investors, but also fulfilling their responsibilities with society. Hai Phat Invest always puts “Customer is the Center” as a driving force for product creation and development in 5 core values: Customer is the center, Quality is the top, Creation is the driving force, Effectiveness is the goal, Responsibility is committed.
“Social responsibility is not merely a community charity, but rather it is a combination of the responsibility to create true value of life for customers, harmonizing the interests of enterprises with the shareholders, workers, contributing to the development of society, “Mr. Thuan affirmed.