Do everything practically, methodically and focus on quality according to the principle of mutual benefit with customers, business philosophy and position of professional real estate developer Hai Phat Invest (Stock code: HPX) is becoming a positive factor in Vietnam real estate industry. With the stepping stone of listing on HOSE from July 24, 2018, Hai Phat Invest is confident to create more value for customers and securities investors.
Having the opportunity to visit the office or the construction site of this enterprise, you can see the spirit of cohesion, teamwork, concentration and breakthroughs of the members of the Hai Phat Invest family.
Young, energetic but enthusiastic at work, every officer and employee of Hai Phat always imbue with the thoughts of the best jobs, of creating real values to be trusted and received by customers and investors.
During 15 years of establishment and development, these are the core of Hai Phat Invest’s unique nuance, helping this enterprise step by step overcome difficulties, to get a strong brand as today.
According to Mr. Doan Hoa Thuan, General Director of Hai Phat Invest, human resources are the decisive factor for the development of enterprise.
With that philosophy, for many years, until now, Hai Phat Invest has built a team of employees who are increasingly creative, perfecting skills, mastering and mastering technology.
It is the creativity and enthusiasm of “dare to think, dare to do” of young people, contributing to bring Hai Phat Invest brand more and more trust of customers, helping the Company maintain its position as one of the leading real estate developer in the North today.
Sharing the philosophy and vision of putting human factor at the center of development is also one of the reasons that Hai Phat Invest selected and opened the door to welcome strategic partner Amersham Industries Limited, Aquila Spc Ltd, Idris Ltd, Vietnam Enterprise Investment Limited belongs to Dragon Capital’s leading financial investment fund.
As a result, Hai Phat has a sustainable financial foundation, meet a highly competitive market. At the same time, it also helps to build a harmonious business strategy, ensures Hai Phat Invest’s business objectives.
According to the latest financial report, in the first half of 2018, Hai Phat Invest achieved VND 170 billion in profit after tax, surpassed the same period and completed 40% of the business plan target set at the beginning of the year.
This is considered a quite positive result, especially from the beginning of the year, the business environment is forecasted to be difficult due to changes in policies leading to high input cost factors.
In addition, a strong increase in supply with a wider range of products brings more choices to customers, which means that competition becomes more severe.
Therefore, in order to maintain this result, Hai Phat Invest’s Board of Directors is required to make great efforts in developing business backup plans, restructuring as well as managing and reducing costs in a reasonable and harmonious way to ensure maximum benefits for shareholders and investors.
Accordingly, in the first half of the year, the financial indicators show the stability of Hai Phat with the after-tax profit ratio / average total asset (ROA): 5.67% and the after-tax profit ratio/ average equity (ROE): 19.3%.
Besides, Hai Phat Invest’s total assets on June 30,2018 reached 6,701 billion VND, up 2% compared to the beginning of the year, equity increased 9.1% compared to the beginning of the year thanks to undistributed profit after tax increasing sharply by 180%.
Hai Phat Invest also maintains stable liquidity ratios with short-term payment ratio of 1.37 times, quick payment ratio of 1 time.
In the first half of 2018, although Hai Phat Invest continued to invest in large projects and expand its operation network, it still maintained reasonable capital structure targets within the permitted limits, lying within the limits of financial risk control and operational efficiency assurance.
In the last months of 2018, according to Mr. Thuan, the situation of real estate market will continue to be prosperous and bring significant growth opportunities for Hai Phat Invest.
Projects such as Roman Plaza, Phu Luong new urban area project, The Vesta project, or Trau Quy low-rise apartment project (192 billion VND) … continue to receive great attention from customers thanks to construction quality, modern utilities with extremely reasonable prices.
However, Mr. Thuan also said that in order to ensure a sustainable development strategy, Hai Phat Invest will continue to actively implement the control, aiming to complete the profit after tax target of 450 billion VND, but still ensuring financial security in the long term.