Container
11
November
HAH – Brief – [NONRATED] – Strong 3Q25, growth to moderate in 4Q25F
Revenue rose 19% YoY to VND1,348bn, led by vessel operation thanks to higher rates and increased capacity. Net profit up 53% YoY to VND304bn. We expect 4Q25F earnings growth to...
09
May
HAH – Brief – [NONRATED] – Right size at the right time
Revenue rose 66% YoY to VND1,169bn, led by vessel operation thanks to increased intra-Asia transshipment demand. Net profit jumped 294% YoY to VND233bn on higher container rates and lower SG&A,...
04
February
HAH – Brief – [NONRATED] – Record quarterly profit
In 4Q24, HAH reported a VND1,211bn revenue (+82% YoY, figure 1), Ii which, Vessel operation: revenue doubled to VND1,163bn (+105% YoY). 4Q24 blended gross margin (GPM) rose to 42.8% mainly...
01
November
HAH – Brief – [NONRATED] – Outstanding net profit growth
In 3Q24, HAH reported a VND1,129bn revenue (+19.1% QoQ, +63.0% YoY). 3Q24 gross margin (GPM) rose to 27.5% primarily through the hike in container rates, operating margin (OPM) and net...
17
September
HAH – Brief – [NONRATED] – Earnings bottom are confirmed
For 6M24, HAH reported total revenue of VND1,653bn (+31% YoY) and NPAT-MI of VND171bn (-21% YoY), fulfilling 59% of the year earnings guidance. The latest data from Liner Analytics shows...
Featured Analysis
Derivatives: A buying signal?
Market commentary: Green return
REE – Earnings review – [HOLD] – 3Q25: M&E segment drives solid profit expansion
Derivatives: Bullish Engulfing pattern
Market commentary: Market recovery
HAH – Brief – [NONRATED] – Strong 3Q25, growth to moderate in 4Q25F
Banking – Note – [NEUTRAL] – Right on track
