With ambitious targets in 2018 that revenue is up to VND 3,200 billion and net profit after tax is VND 450 billion, the prospect of Hai Phat Investment JSC (Hai Phat Invest – HPX) is positively evaluated on many factors. In particular, the outstanding one is the year-end prospect of market and optimizing the value of products launched into the market.
Firm foundation
Talking to Investment, Mr. Doan Hoa Thuan, Deputy General Director of Hai Phat Invest said, following the growth of 2017, in the first half of 2018, Hai Phat has achieved positive growth results..
In details, in the first half of 2018, Hai Phat Invest recorded a net profit of VND 180 billion, equivalent to 40% of the target. With the characteristics of an which is working in the real estate sector, revenue and profit in the third quarter and the fourth quarter will continue to increase sharply after a series of projects such 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 building(VND 192 billion) and officially recognized revenue as prescribed.
In which, two key projects that brought the highest revenue and profit in 2018 to Hai Phat Invest are Roman Plaza and The Vesta Phu Lam. Not only is the quality guaranteed, these two projects are evaluated by the market quite well for the image marketing as well as the level of coverage to customers.
Particularly, the Roman Plaza project also impressed with the award Green Energy Construction Project in 2017 by the Executive Board of the Vietnam economically and efficiently Energy Use Program in collaboration with the Vietnam economically and efficiently Energy Use Science Association organized.
Soon after, The Vesta Phu Lam also reached the Top 5 best social housing projects in Vietnam in 2018 within the framework of Vietnam National Real Estate Award 2018 organized by Vietnam Real Estate Association (VNREA).
Hai Phat Invest has good financial structure at this time.
In addition to projects with positive prospects, in 2018, Hai Phat Invest also continues to optimize revenue and profit by continuing to restructure financial investment activities towards efficiency and strongly control the management costs, sales, which is consistent with the actual situation of market developments.
Currently, according to Mr. Thuan, the financial structure of Hai Phat Invest is quite stable with must pay – liabilities accounting for only 31% of the total capital, while criteria about profitability targets, ROA and ROE remained at a relatively high level, not only compared to Hai Phat itself in recent years but also compared to the average number of that industry, which is a good foundation for proactively planning profit of 450 billion in 2018, 720 billion in 2019 and 950 billion in 2020.
Hai Phat is owing necessary and sufficient condition to realize its trillion-profit target by 2020.
Create a breakthrough opportunity
Hai Phat Invest is only 15 years old, the formation and development time is not too long, but this enterprise has continuously made steady steps, affirming its position in the real estate market in recent years.
In addition to maintaining good production – business activities, the Company was be evaluated to have built a modern and advanced management system. In Hai Phat Invest, the apparatus is organized scientifically, right people, right jobs, and managed according to the target so there is almost no waste of resources.
This will help Hai Phat to make good use of market opportunities when recent records show that the market till the end of the year grows positively, especially in the Southwest region, where transport infrastructure is quite developed, especially after Ha Dong Aeon Commercial Center was started.
Currently, Hai Phat owns 158 hectares of clean land fund (including the project that has been implemented) and maybe up to 400 hectares by the end of this year. Most of the land fund of projects is located in the Southwest region with a favorable location and funds.
In the short term from now until the end of the year, this Hanoi real estate giant will put all its resources into compensation and ground clearance to start the BT projects that have signed the agreement and are granted investment certificates.
The goal in the next 5 years is actively expanding the land fund stretching from North to South with a total area of about 10,000 hectares. The accumulation of land has been deployed by Hai Phat in the past years by various forms such as public-private partnership, auction, bidding for selecting investors to implement the project.
Listing on Ho Chi Minh Stock Exchange in this July 2018, Hai Phat will diversify and optimize capital mobilization channels, so this company is quite optimistic about the financial ability of the projects that are implemented now and in the future, ensuring the correct and exceeding the revenue and profit plan for 2018 and the following years.
(According to Đầu tư chứng khoán tại link: http://tinnhanhchungkhoan.vn/doanh-nghiep/hai-phat-invest-tu-tin-tang-truong-nho-noi-luc-vung-vang-234943.html)