(ĐTCK) That is the sharing of Mr. Do Quy Hai, Chairman of Hai Phat Investment JSC (HPX) at the Analyst Meeting on the morning of June 6, 2018.
In front of various number of shareholders, investors, representatives of securities companies and financial institutions domestically and internationally, Mr. Hai said, Hai Phat Investment Joint Stock Company (Hai Phat Invest) participated in the real estate market from the early stage of development of the northern market, with the first large project of Van Phu new urban area (Ha Dong, Hanoi), covering about 94 hectares with Van Phu – Invest Investment stock company.
After nearly 15 years of operation, Mr. Hai said, under the ups and downs of the market, so far, Hai Phat Invest has become one of the real estate developers in the area of the South West of Hanoi Capital with many typical projects such as Tan Tay Do Urban Area, The Pride, Roman Plaza or The Vesta Phu Lam.
Not only in Hanoi, Hai Phat Invest has reached out to many other regions such as Nha Trang, Da Nang, Hoi An, Binh Thuan, Nam Dinh, Bac Ninh or Thai Binh … with nearly 200 hectares of clean land available This is important strength to ensure Hai Phat Invest’s stable development for at least the next 15 years.
In addition, the Company has nearly 10 year experience and great advantages in investment in the form of public-private partnerships. From this advantage, Hai Phat continues to invest in BT projects to increase land fund, develop real estate products.
However, according to Mr. Hai, the land fund is only a part of the necessary conditions which Hai Phat Invest has to create, the rest, more important, is strength from the staff that this business is owning, from the leader to the experienced personnel, with the vision and specialy, always keep the enthusiasm and creativity of young people.
Until now, after the restructuring and consolidation of human resources, except Mr. Hai who is in his 50s, the rest of the leadership team is approximately 40 years old, and used to be a senior leader of many well-known financial institutions or stock companies over the country.
Not to mention that the intermediate, junior and normal staffs are also those who have experienced on many positions, trained in a professional way in investment and real estate business.
With these advantages, it is not difficult to understand why in the past few years, Hai Phat Invest has achieved impressive business results. Especially in 2017, Hai Phat Invest got outstanding success with revenue of up to 1,837.7 billion VND. Among that, revenue from real estate business reached a figure of VND 1,529.6 billion.
Furthermore, Hai Phat Invest also continuously achieved great efficiency in financial business with a sustained revenue level at three digits. In 2017only, revenue from other financial and business activities reached more than VND 308 billion.
Although the journey is not full of roses, but after difficult time, Hai Phat Invest always know how to overcome and draw for themselves the experience to be more mature,” Mr.Hai emphasized. He aslo told the story about The Pride project just two days ago before Analyst Meetings event. Though it was a very small story, it was inflated and created bad publicity.
And the solution of Hai Phat Invest is that listening to and sharing with the residents so that they can find the source and simultaneously solve it thoroughly. In the situation of fast technology, social networking, this is essential for a professional investor, and also a public enterprise preparing to list on the stock market , always highly appreciate transparency of information for investors in the market.
And future prospects
Even though there is no specific disclosure of the official price on the floor stock, Hai Phat’s management board said Hai Phat Invest’s OTC stock was quite hot over the past 1 year. However, the OTC transaction price is assessed by market experts as lower than the real value in comparison to the scale of total assets, charter capital, ability to raise capital as well as the effectiveness of the projects that Hai Phat Invest is implementing.
At the event, Hai Phat Management board said that in 2018, Hai Phat Invest sets a revenue target of 3,200 billion dong, after tax profit of 450 billion dong. Chairman of Hai Phat Invest said that in the first half of this year, the company is expected to reach VND 180 billion profit and he is completely confident that they will complete the business plan.
Projects that bring the main cash flow for Hai Phat Invest in 2018 can be mentioned as The Vesta (VND 1,293 billion), Phu Luong new urban area (VND 1,159 billion), Roman Plaza (VND 736 billion), Trau Quy low-rise apartment building (VND 192 billion) …
In the period of 2019 – 2020, Hai Phat Invest will continue to deploy a series of projects and plans for after-tax profits in these years are 720 billion VND and 950 billion VND respectively.
According to Chairman of Hai Phat Invest, in preparation for upcoming big projects, Hai Phat plans to issue bonds, issue capital increase and plan to collect about 3,000 billion dong. In details, this year, Hai Phat Invest will issue VND 1,000 billion of 5-year bonds with an interest rate of 11% in the first year and 3-5% in the following years. Besides, immediately after listing shares, the company will proceed to raise capital from VND 1,500 billion to VND 2,500 billion.
The capital increase will be made following the route. Firstly, the company will issue dividends, divide bonus shares to existing shareholders, thereby increasing capital from 1,500 billion to 2,000 billion. Then, Hai Phat Invest will increase its capital from VND 2,000 billion to VND 2,500 billion through private issuance when the market is favorable and everything is done after listing.
Hai Phat Invest leader emphasized that increasing in company’s capital to VND 2,500 billion this year is a necessary condition to deploy land plot projects in the next 1-2 years. When deploying the project, the investor only needs about 20-30% of counterpart funds, the rest is the capital from credit institutions so Hai Phat Invest is confident enough to deploy the project.
(According to tinnhanhchungkhoan.vn)