Facing negative effects of epidemics as well as tight control of market risks, restructuring and renewing governance models, pivoting strategic pivot to potential fields in the long term. are the drastic steps of Hai Phat Investment Joint Stock Company (Hai Phat – stock code: HPX) to position a new mark on the market.
Sustainable development foundation
It can be said that 2020 is the year with the most challenges for not only Hai Phat but also for real estate businesses in general. The global outbreak of Covid-19 and the need for social isolation put businesses like Hai Phat on more of a concern for business goals.
In addition, the stability of the human resources system in the context of economic slowdown, rising costs while the risk of declining income of most businesses makes pressure on business leaders increase sharply. However, thanks to the financial foundation that has been consolidated many years ago, and especially after being listed on the Ho Chi Minh City Stock Exchange (HOSE), Hai Phat has step by step surpassed, ensuring the salary regime for the officers and employees, at the same time, still actively deploy the planned tasks even though they must operate from afar.
According to the representative of Hai Phat, despite the decision to slow down the targeted plans to prioritize the implementation of epidemic prevention measures, however, the failure to cut wages even though it will face financial pressure main function, but ensuring psychological stability of all levels of officials and employees, thereby maintaining the cultural foundation built for many years.
In addition, the impact of the Covid-19 translation makes the working model change, at the same time it is also a good opportunity to improve the qualifications of leaders and staff. More professionalism, methodical, more effective when actively applying 4.0 technology platforms in exchange, teamwork as well as communication, IR with customers, shareholders, and investors is evident. clear.
In the past period, Hai Phat has appointed a lot of senior managers and most of them are young people. Younger appointment of new staff, better foundation, creative thinking and more dynamic have all contributed to making research, investment promotion, project implementation and sales. more professional and methodical.
Only in the first quarter of 2020, despite the decline in real estate business results, Hai Phat still recorded a net revenue of nearly 360 billion dong, up 7.8% over the same period. During the period, Hai Phat also earned 62.6 billion in revenue from financial activities, many times higher than the same period. The result of HPX’s net profit in the first quarter of 2020 was nearly 34 billion dong, up 89% compared to the first quarter of 2019.
Think big and do it big
Nearly 2 years of official presence on the Vietnam stock market, Hai Phat currently maintains its position as one of the most stable stocks in the market and has been present in the Top 10 stocks with the largest proportion of the Vietnam Enterprise portfolio Investments Limited (VEIL) with 3.09% (as reported by Dragon Capital Fund on April 23) and continues to be ranked as stocks with strong growth potential in the future thanks to many advantages.
In which, the clean land fund is large and ready to deploy when it meets the necessary conditions for the market, which is of primary concern to investors and shareholders. Proactively searching and accumulating many years ago, with a land fund of hundreds of hectares in localities with special development potentials in tourism such as Binh Thuan, Ba Ria – Vung Tau, Khanh Hoa, Can. Tho, Phu Yen …, Hai Phat is considered to have great advantages when participating in this segment with great potential for development.
The remarkable point is that not only stretching over prime locations in many provinces and cities, each project of these units has a large area from tens to hundreds of hectares, enough to change. balance of real estate products in that locality if the business decides … to sell. This is considered one of the major differences compared to the past of Hai Phat.
Besides the land bank, the more important advantage for Hai Phat is the strength of its prestigious brand name, guaranteed project progress, good sales ability, and a sustainable financial foundation. Expressing new aspirations, the decision to change the new logo’s identity with 6 orange squares symbolizing high-rise buildings arranged from low to high shows sustainable growth and aspiration to rise. to new heights.
This is also the strength of Hai Phat in the field of investment and development of real estate projects and is evaluated for comprehensiveness and helps the company’s brand be recognized in the best way. From there, contributing to help Hai Phat catch more foreign real estate investment flows into its projects in the future.