Invest in constructing a value chain responsibly, while also promoting and maximizing key competitive advantages, focusing on customers, strictly managing finance, risks, and doing business effectively on the basis of ethical foundation is the version that creates the success value of Hai Phat Investment Joint Stock Company (Hai Phat Invest – Ticker: HPX).
Growth in a sustainable basis.
2018 can be considered as the year to build the foundation for the new development phase of Hai Phat Investment Joint Stock Company after officially joining the Vietnamese stock market from the middle of 2018.
Recently, an audit report published showed that Hai Phat Invest’s total revenue in 2018 recorded a figure of nearly VND 2,266 billion, an increase of 63.3% compared to the performance of 2017. Meanwhile, business revenue from real estate continues to achieve high results with more than VND 2,019.6 billion, up nearly 86.9% and accounting for nearly 90% of the total revenue structure, the remaining is financial revenue and other revenue.
Along with the growth of revenue, Hai Phat Invest’s pre-taxconsolidated profit in 2018 also recorded a figure of up to 598.6 billion VND, exceeding the set business plan, and growing up to 48, 6% compared to the same period of 2018. Post- tax, the consolidated profit reached VND 452.3 billion, reached 100.5% of the plan and increased 39.1% compared to 2017.
Besides positive business results, one of the bright spots with Hai Phat Invest’s operations in 2018 is its management, providing quality products and services to customers and the investment has been greatly improved towards increasing the content of high-tech applications.
Thanks to that, Hai Phat Invest’s real estate products are always being waited and appreciated by customers, contributing to improving the market reputation and at the same time helping Hai Phat Invest to be spread out more widely across the country.
Top 10 Đất Việt strong brands in 2018, Top 10 trusted brands in 2018 and Top 100 Vietnam Gold Star Awards in 2018 are the most convincing evidence of trust and appreciation from consumers and the management agency for Hai Phat Invest.
In addition, the projects invested and developed by Hai Phat Invest also received the honor with many noble honors such as Vietnam National Real Estate Award 2018 for The Vesta – the Best Social Housing Award 2018 or the Roman Plaza Green Leading and Smart Project Award by readers voted by the Investment Newspaper – Ministry of Planning and Investment.
This result is considered to be worthy of the relentless efforts of Hai Phat Invest leadership and staff when looking back on the difficult periods in the past. But all of these past and challenging past are embellishing the development that Hai Phat Invest is currently presenting.
In fact, every year, Hai Phat Invest’s leadership sets a set of ambitious goals and develops a strategy to meet the deadline. This is especially true since the phase of 2015 when Hai Phat Invest undertook a restructuring process to meet the listing goal on Vietnam’s stock market in 2018, creating a breakthrough foundation on the journey to reach further and more valuable.
Up to present, the total market capitalization of Hai Phat Invest has reached VND 4,750 billion, equivalent to USD 200 million, while the charter capital of Hai Phat Invest also reached nearly VND 2,000 billion. In 2018, Hai Phat Invest completed the construction, consolidation and introduction of Hai Phat Land’s ecosystem, one of the top three real estate distributors in Vietnam.
With a wide distribution network of nearly 30 provinces and thousands of trained and professional brokers, this not only creates a great advantage for Hai Phat Invest in approaching and assessing the market, but also helps increase access to customers, product distribution, bringing great benefits to investors.
And the journey accelerates in the future
“Hai is the sea, Phat is like a big wave. Strongly bringing the desire boat to glide far away ” the meaningful message issued by the Chairman of the Board of Directors Do Quy Hai on the 15th Anniversary Ceremony was also the aspiration and strategic goal that Hai Phat Invest pursued in forthcoming journey.
Not only striving to become a leading developer in the North, but Hai Phat Invest is also eager to create and make its mark more with the segment of industrial real estate, resort real estate and sub-infrastructure. supporting high-tech agriculture, in parallel with the strength of real estate development of high-rise and low-rise buildings.
Therefore, in the past year, Hai Phat Invest has continuously expanded and directed to more potential markets. In mid-December 2018, Hai Phat Invest was approved by the People’s Committee of Can Tho City to approve the investment policy of 02 projects of An Binh Urban Area (Zone 1, Area 2) with a scale of up to 222.7 ha. with a total investment of about 9,052 billion.
Not long ago, Hai Phat Invest was also decided by Binh Thuan Provine People’s Committee to adjust the investment policy of Ham Tien – Mui Ne Tourism Service Center project, with the scale up to 198 ha with a total investment of 9,831 billion dong. In particular, Hai Phat Invest participated in the project at a rate of 70%. The highlight of this project is that Phan Thiet City will become a national-class marine tourism center under the Prime Minister’s Decision No. 1772 / QD-TTg of December 18, 2018, and the project is located in core area of tourism center.
Also in Binh Thuan, Hai Phat Invest also successfully auctioned the land use right of the 5 -hectare land in Phu Hai ward, Phan Thiet, Binh Thuan with the winning bid price of VND 200.02 billion. Here, according to the Hai Phat Invest’s leadership, this enterprise oriented the project to be planned to build low-rise buildings in combination with high-rise buildings.
Apart from projects that have had investment policies and investment researches, in 2018, Hai Phat Invest has also stepped up the survey, research and search for investment projects in some areas and provinces which has potentials for real estate development such as: Con Cai Khe Project, Projects in Ho Chi Minh City, Ba Ria – Vung Tau area; Long An, Hue City, Tuy Phong – Binh Thuan Province and some other provinces.
In the recent sharing of views and project implementation, Hai Phat Invest leaders transmitted a message that approaching big projects, breaking through revenue and profit are considered as their top goals in the near future. In spite of a new playground, when deciding to invest, Hai Phat Invest has always followed the basic principles for sustainable development.
To prepare well for its ambitious development plan, in 2019, HPX is expected to increase its charter capital from VND 2,000 to VND 2,875 billion through private placement of shares to investors and payment. stock dividends. Increasing capital not only helps improve financial capacity and efficiency in the implementation of projects, but also brings a surplus value for HPX’s investors and shareholders.
Previously, the company successfully issued VND 1,200 billion of non-convertible bonds and guaranteed assets. The raised capital will be added to the investment capital for ongoing projects, project auctions and the Company’s financial capacity increase.