One year ago, on July 24, 2018, Hai Phat Investment Joint Stock Company (Hai Phat Invest) was officially listed on Ho Chi Minh City Stock Exchange (HOSE) with stock code HPX. This has contributed the transparency and brand increase to Hai Phat Invest. More investment funds, financial institutions and real estate development partners have learned about the opportunities to cooperate with HPX after its listing was successful.
Change from number …
July 24, 2018 marked an important milestone in the development journey of Hai Phat Investment Joint Stock Company when the listing gong was heard at Ho Chi Minh Stock Exchange. Since the listing, Hai Phat Invest’s value has continuously grown with a market capitalization of VND 3,217 billion (calculated at the closing price of 24/07/2018) to VND 5,349 billion on July 23, 2019, respectively. with a growth of 66%. The total value of HPX’s assets has increased from VND 6,546 billion (recorded in the third quarter financial report of 2018) to VND 7,560 billion (based on the consolidated financial statements of the first quarter of 2019), an increase of over 15%. Business results of HPX have significant changes between the milestones before and after the listing. Specifically, HPX’s consolidated revenue and profit in 2018 reached VND 2,019 billion and VND 452 billion respectively, a strong growth compared to VND 1,080 billion and VND 325 billion in the same period of 2017.
… to strategic positioning.
Successful listing helps HPX easily access to medium and long-term capital, ensuring its long-term strategy. In addition to 15% of the charter capital contributed by strategic shareholder Dragon Capital, HPX also attracted a large amount of capital through bond issuance (in 2018, HPX mobilized 1,200 billion bonds with average interest rates, which is quite competitive with other companies in the same industry).
The stable capital structure with reasonable cost has helped HPX more confident in implementing its long-term development strategy. No longer an investor with limited projects in terms of geography in Hanoi, but instead, businesses have “overcome waves” to reach new potential markets in provinces such as : Binh Thuan, Vung Tau, Can Tho, Long An, etc., with a total investment of projects up to tens of thousands of billion.
Not only is a professional real estate developer, receiving the trust of partners, customers, investors, Hai Phat Invest also shows that it is a reputable and responsible investor when simultaneously providing the services like product distribution and operation management.
Holding 97,775% of charter capital in Hai Phat Land’s distributor – Top 3 leading real estate distributors in Vietnam, Hai Phat Land will be the “key arrow” in the Hai Phat Invest ‘s development strategy. With the over 10 year market experience and a 21 exchange system; With a staff of nearly 2,000 business people and more than 2,500 employees, Hai Phat Land is showing a strong growth by constantly placing overseas distribution networks such as Korea, and plans to open more branches in Taiwan and Singapore in 2019. This not only shows the development, but also helps Hai Phat to catch capital flows from real estate from abroad investing in Hai Phat’s projects in particular and Vietnam in general.
Contributing to perfecting its ecosystem, Hai Phat Invest recently established IWG Hotel and Resort Joint Stock Company. The establishment of IWG plus the land fund of thousands of hectares in provinces such as Binh Thuan, Ba Ria – Vung Tau, Can Tho, Da Nang, etc., has shown that Hai Phat Invest has “stepped one foot” into the Real Estate industry. And in the future, it will appear in the industrial park and high-tech agricultural real estate fields.
The one year listing is not long enough for HPX to mark in the hearts of investors. However, Hai Phat’s management always believes that, by being aware of and appreciating the support of shareholders and investors, Hai Phat team will always strive to fulfill its business targets and direct to sustainable development goals so as not to betray expectations and bring the most positive experiences about Hai Phat to shareholders and investors.