After listing on Ho Chi Minh City Stock Exchange (HOSE) on 24/7/2018, HPX stock code of Hai Phat Investment Joint Stock Company (Hai Phat Invest) has continuously attracted the interest of domestic and foreign investors and the “blue eye” top foreign funders.
With a long-term vision and the ability to create a good land fund (with a favorable position and a reasonable cost) Hai Phat Investment Joint Stock Company (Ticker: HPX) has been represented as a leading Real estate development company which has the ability to implement projects on schedule and high quality, ensuring after purchase services as well as deliver excellent risk management. Owning plenty of outstanding advantages compared to competitors, HPX became the “magnet block” which attracts domestic and foreign investors right after offered on the stock market within only a short time. Some investment funders, the big name and reputable groups in the stock market are approaching to find opportunities to cooperate with HPX, such as Mirae Asset Financial Group, Daewon Financial Group (Korea). Quoc), Phu Hung Securities, ASAM investment fund (Korea), KIMC investment fund (Korea), AGCG investment fund, etc.
At the same time, Hai Phat Invest has also established and strengthened good relationships with reputable big banks such as Vietnam Joint Stock Commercial Bank for Industry and Trade, Military Commercial Joint Stock Bank, Saigon – Hanoi Commercial Bank, Ngan Viet Commercial Joint Stock Bank, Indovina Bank Limited, Tien Phong Commercial Joint Stock Bank, Ban Viet Commercial Joint Stock Bank, etc. These will be important partners accompanying with HPX and supporting capital for future investment activities.
By the end of September 2018, Hai Phat Invest’s total assets were VND 6,609 billion, owner’s equity was VND 2,250 billion. In November 2018, HPX has just paid 15% bonus shares to existing shareholders. After dividends, HPX shared the remained price around VND 27,000, similar to the price level before dividends, which indicates the obvious benefits of holding these stocks. In 2018, the Company set a plan to increase its charter capital to VND 2,000 billion and net profit of 450 billion VND.
With 15 years of experience in the field of real estate development and investment, Hai Phat Invest has gradually become one of the most reputable enterprises with many real estate products in Hanoi and other neighboring provinces. In particular, there are projects contributing to changing the face of the West of Hanoi by Hai Phat investor such as The Pride project, Roman Plaza project, 24h commercial townhouse project, House project in The Social (The Social) The Vesta, etc. These are big projects that mark the name of Hai Phat in Vietnam’s real estate market.
In the period of crisis market in the years of 2011-2016, thanks to good financial potential, Hai Phat Invest took advantage of the opportunity to purchase a series of large projects, thereby bringing high efficiency in financial and business activities with a sustained revenue level at three digits. In 2017, the revenue from other financial and business activities reached more than VND 308 billion.
Currently, Hai Phat Invest has not only accumulated a large land bank in many prime locations in Hanoi but has also extended to other big provinces and cities such as Nha Trang, Da Nang, Hoi An, Binh Thuan, Nam Dinh, Can Tho, etc. With the list of projects which were approved of investment policy spread across 3 regions of North – Central – South, the land fund of Hai Phat Invest can reach up to ten thousands of hectares.
Hai Phat Invest – Selecting partners who are worthy for sustainable development
Prior to the listing of HPX shares, over a year of surveying and working directly with Hai Phat Invest, clearly seeing the development potential of the enterprise, Dragon Capital (DC) investment fund decided to “pour capital” to invest with a holding rate of 15%. Up to this point, HPX has been one of D.C’s effective investments for over a year.
With the goal of becoming the leading real estate developer in Vietnam, Hai Phat Invest is constantly expanding its investment activities in resort real estate and industrial real estate projects. Hai Phat Invest has put a mark on a series of projects in Hanoi area and continues to expand the market stretching from North to South, focusing on key economic areas such as Bac Ninh and Thanh Hoa. Da Nang, Nha Trang, Binh Thuan, etc.