Hoa phat group

According to steelonline.vn , since mid-May constructive steel prices in the country have adjusted 15-times, decreasing by around $282.6 per tonne from the peak amount, equivalent to 25-30 per cent. The decrease in local steel prices is the same as the decline in the world's prices, due to a lot of inventory. This is affecting the profit margin of steel businesses, including Hoa Phat Group . Business results in the second quarter of HPG revealed a lot of difficulties. Despite the consolidated net revenues of $1.63 billion, which went up 6.5 per cent on-year, consolidated gross profit dropped by 43 per cent in value, and its margin decreased by 17.5 per cent as compared to 32.7 per cent last year, which is the lowest figure since the second quarter of 2019. This pulled after-tax profits down by 58.7 per cent to $174.9 million. As of end-June, the value of Hoa Phat's inventory went up to $2.5 billion, up 36.6 per cent of the beginning of the year. This is the second-largest … [Read more...] about Pressing issues trouble Hoa Phat Group

Globally, the price of coke (used in steel production) in Australia, after a decline for nearly two months and falling to a one-year bottom of $190 per tonne in the first week of August, reached $270 per tonne on September 6, a more than 40 per cent jump, nearly approaching its historic peak of $275 per tonne on February 28. According to CoalMint, a coal price reporting agency, the price is forecast to touch $300-330 per tonne. For heat coal (used in power and fertiliser production), its price on September 6 set a new record of $457 per tonne. According to US Energy Information Administration, a gas shortage in Europe has bolstered demand for coal-fired thermo-power and pushed up coal prices. In Vietnam, according to SSI Research, the price of mixed coal from the Vietnam National Coal and Mineral Industries Group (Vinacomin) rose 30-35 per cent in the first half and will rise further amid soaring coal prices in the global market. Concerns As coal is the key input material … [Read more...] about Spiking coal price creates mixed sentiment

The index closed 11.6 points lower after gaining 4.9 points on Thursday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 37% percent to VND15.51 trillion ($655.47 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 22 tickers dropped. KDH of real estate firm Khang Dien House fell 4.5%. GVR of Vietnam Rubber Group lost 3.5%, and CTG of state-owned lender VietinBank dropped 2.6%. Other losers included MWG of electronics retail chain Mobile World, STB of Ho Chi Minh City-based lender Sacombank and HPG of steelmaker Hoa Phat Group. Seven blue chips bucked the trend, led by PDR of Phat Dat Real Estate Development with a 4.3% rise. It was followed by VRE of retail real estate arm Vincom Retail, up 3.5%, and VNM of dairy giant Vinamilk, up 2%. Foreign investors were net sellers to the tune of VND422 billion, mainly selling STB of Ho Chi Minh City-based lender Sacombank and VJC of budget airline Vietjet. The HNX-Index at the Hanoi Stock … [Read more...] about VN-Index dives to 7-week low

Inside a warehouse of Hoa Phat Group. The steel producer's shares plunged more than 2.5 per cent, leading the market's bearish trend. — Photo hoaphat.com.vn Shares inched lower on Friday as rising selling pressure in the afternoon session weighed on the market’s sentiment. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index dropped 11.63 points, or 0.93 per cent, to 1,234.03 points. The market’s breadth was still negative as 269 stocks declined, while 74 stocks increased. Liquidity, however, rose sharply over the previous session. Matching value on the southern market was up 48.8 per cent to VND14.5 trillion (US$614.4 billion). The 30 biggest stocks tracker VN30-Index posted a fall of 10.04 points, or 0.8 per cent, to 1,252.78 points. Of the VN30 basket, only seven stocks advanced, while 22 dipped and one stayed flat. The HNX-Index on the Ha Noi Stock Exchange (HNX) also ended the week lower, down 6.81 points, or 2.43 per cent, to 272.88 points. During the trading … [Read more...] about Indices end week on a negative note

A PetroVietnam drilling platform at Bach Ho oil field. PetroVietnam ranks high on the 2022 PROFIT500 list. — Photo pvn.vn Vietnam Report and the online newspaper Vietnamnet have announced the list of the 500 most profitable companies (PROFIT500) in Viet Nam in 2022. Among the companies, the ten at the top comprise PetroVietnam, Samsung Electronics Vietnam Thai Nguyen, Hoa Phat Group, Viettel, Vietcombank, Techcombank, Vietnam Electricity, VietinBank, Military Bank and Agribank. The ten most profitable private companies, meanwhile, consist of Hoa Phat Group, Techcombank, VPBank, Vinamilk, Asia Commercial Bank, Masan Group, HDBank, Viet Nam International Bank, Mobile World Investment and Masan Consumer. Realty companies accounted for 22.2 per cent of the total number of companies on the list. Financial companies came next with 13.7 per cent and companies operating in the food-beverage-tobacco sector followed with 10.7 per cent. Foreign direct investment companies took the … [Read more...] about List of top 500 profitable companies published

The index closed 13.5 points higher after losing 28.6 points on Monday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 33% to VND11.16 trillion ($471.34 million), lowest since September 12. The VN-30 basket, comprising the 30 largest capped stocks, saw 25 tickers gain. SSI of leading brokerage SSI Securities Corporation led with a 4% rise. BID of state-owned lender BIDV went up 2.8%, and GVR of Vietnam Rubber Group gained 2.6%. Other gainers included STB of Ho Chi Minh City-based lender Sacombank , BVH of insurance company Bao Viet Holdings and CTG of state-owned lender VietinBank. Three blue chips ended in the red: KDH of real estate firm Khang Dien House fell 0.7%, while NVL of real estate developer Novaland Group lost 0.5% and VRE of retail real estate arm Vincom Retail went down 0.2%. Foreign investors were net buyers to the tune of VND423.74 billion, mainly buying DGC of Duc Giang Chemicals Group and HPG of steelmaker Hoa Phat Group. The HNX-Index at … [Read more...] about VN-Index bounces back after plunge