HAH
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
Market commentary: Positive developments
Derivatives: Testing the march 2025 peak
REE – Earnings review – [BUY] – 1Q25: Power segment remains key driver in 1Q25
MSH – Brief – [NONRATED] – Solid growth in 1Q25 but risks loom from 2Q25F onward
SBV resumes liquidity injection
Covered warrant: Cautious optimism
Market commentary: Intraday divergence
