Published Date: 26/12/2024
- Net profit in 9M/24 increased by 42% YoY, driven by the acquisition of 2 new vessels, boosting total capacity by 45% YoY combined with high charter rates and strong recovery in vessels and port operations, due to improved import-export activities.
- HAH net profit is projected to grow by 57%,23% and 9% yoy in 2024, 2025 and 2026 respectively, driven by high charter rate as new contracts are secured combine with fleet expansion and the enhancement of vessels and port throughput.
- We recommend a ADD rating for HAH with a target price of VND 58,000/share.
