Update: 10:10 |03/08/2022 Follow the above KTCIn the second quarter of 2022, Ha Do recorded net revenue of more than 1,007 billion VND, more than 2 times higher than the same period last year.COGS also increased strongly, but at a slower rate than revenue, so gross profit margin improved to nearly 66%, equivalent to gross profit of 664 billion dong, 2.3 times higher than the same period last year.After deducting expenses, Ha Do net profit is 418 billion dong, 5 times higher than the same period last year.Particularly in the first quarter of 2022, HDG recorded a revenue of nearly 684.8 billion VND, a sharp decrease of 49.42% compared to the same period last year, profit after tax reached 295.75 billion VND, down 26.35% compared to the same period last year. period.Thus, accumulated in the first 6 months, Ha Do recorded nearly VND 1,692 billion in net revenue, down 7% over the same period.Profit after tax earned nearly 714 billion dong, up 48% over the same period last year.In 2022, Ha Do targets revenue of VND 3,703 billion and profit after tax of VND 1,344 billion.With the results achieved, the company has fulfilled nearly 46% of the revenue plan and 53% of the profit plan after half a year.In terms of financial activities, revenue in the period increased nearly 5 times compared to the same period last year, reaching 56 billion dong mainly due to increased interest on deposits and loans and other financial activities.However, the cost for this activity also increased by 30% to more than 249 billion dong, mainly due to the increase in loan interest.By the end of the second quarter, Ha Do's total assets reached more than VND 15,742 billion, a slight decrease compared to the beginning of the year.Short-term receivables from customers decreased slightly to more than 993 billion dong.On the other hand, inventory increased from nearly 1.365 billion to more than 1,465 billion, mainly increasing the value of unfinished construction works and goods.In which, VND 795 billion of construction in progress is mainly concentrated in three projects: Linh Trung Urban Area (more than 490 billion VND), Bao Dai Resort (more than 188 billion VND),...Ha Do's investment properties as of June 30, 2022 are worth nearly 984 billion VND, including projects: Ha Do Centrosa Garden (more than 436 billion VND), Ha Do Air Building Office (more than 173 billion VND) billion dong), Southern Building (more than 127 billion dong), commercial floors in apartment buildings (more than 105 billion dong), project development rights 62 PGD (nearly 111 billion dong).As of June 30, Ha Do's cash and cash equivalents increased from more than 230 billion VND at the beginning of the period to nearly 273 billion VND.Investment in bonds and certificates of deposit worth 305 billion VND and term deposits in banks over 340 billion VND.On the other hand, Ha Do also borrowed VND6,881 billion, down VND615 billion compared to the beginning of the period.Total liabilities at the end of the second quarter stood at VND 9,678 billion, down VND 823 billion compared to the beginning of the year and accounted for 61% of capital.Recently, the Board of Directors of Ha Do Group Joint Stock Company has just approved the implementation of the plan to issue shares to pay dividends in 2021 at the rate of 20%.Accordingly, HDG plans to issue 40.77 million shares to pay 20% dividend.The number of odd decimal shares (if any) will be canceled.The implementation time is expected in the second quarter - the third quarter of 2022, after being approved by the State Securities Commission.The capital source from undistributed after-tax profit on the audited separate financial statements as of December 31, 2021, is equivalent to more than VND 1,905 billion.Previously, in mid-March, HDG closed the list of shareholders to advance the first dividend of 2021 in cash at the rate of 10%.Dividend payment period is from April 20, 2022.Thus, the total dividend payment in 2021 through 2 installments is 30%, this is the plan approved at the recent 2022 Annual General Meeting.In another development, Viet Capital Securities Joint Stock Company (HOSE – Code: VCI) has just sold HDG shares to reduce its ownership in Ha Do.Accordingly, VCI has just sold 200,000 HDG shares to reduce its ownership from 6.03% to 5.94% of charter capital, the transaction was made on May 30.Previously, VCI has just bought another 1,122,210 HDG shares to raise its ownership from 5.8% to 6.35% of charter capital, the transaction was made on February 8, 2022.Viet Capital Securities adds to buy more shares to exercise the rights of warrantsOn the stock market, at the end of the trading session on August 2, HDG shares were at 51,900 dong/share with a trading volume of more than 2.6 units.Recently, Rong Viet Securities Joint Stock Company (VDSC), forecast HDG's revenue and net profit in 2022 to reach VND 4,271 billion (up 14%) and VND 1,552 billion (up 41%).In particular, profit is mainly contributed from the handover of Hado Charm Villas project - the key project of the enterprise in the period of 2021-2023, after the Hado Centrosa project.Up to now, HDG has sold 226 units out of a total of 376 low-rise apartments of this project from the first sale in the last quarter of 2020. The business side plans to open the next phase of sale in the quarter. I this year with an expected price higher than 100 million/m2.According to VDSC's forecast, HDG will hand over 150 apartments at Hado Charm Villas this year (in 2021, hand over 82 units) and record a revenue of VND 2,021 billion.For the energy segment, VDSC believes that when the power plants Dak Mi 2, Song Tranh 4 and 7A Thuan Nam come into operation stably, it will help increase capacity from 199 MW at present to 444 MW.In 2022, VDSC forecasts that these plants will contribute VND810 billion in revenue to the energy segment.Ha Do aims to expand its land bank to 443 hectares by 2025 by adding 320 hectares of residential land, focusing on the northern and western areas of Hanoi.However, VDSC believes this will be a long-term catalyst due to limited detailed information along with difficulties in acquiring land fund when land prices spike like now.For the energy segment, the expected capacity in 2025 is 922 MW (an increase of 208% compared to 2021), which is expected to generate a cash flow of VND 2,000 billion per year, VDSC quoted information from Ha Do's management.In addition, we would also like to introduce to our readers information that many people are interested in in the field of Economics - Securities that are constantly updated such as: #Securities commentary #Securities newsletter #derivatives #Focus stock #shareholder meeting #dividend #issuance #stocks #real estate news #Banking Financial Newsletter.Welcome readers.Ha Do Group Joint Stock Company (Ha Do, Code: HDG) has just announced the consolidated financial statements for the first quarter of 2022, recording revenue and profit at...The Board of Directors of Ha Do Group Joint Stock Company (HOSE – Code: HDG) has just approved the implementation of the plan to issue shares to pay...Previously, Ha Do Group Joint Stock Company (HOSE - Code: HDG) paid the first dividend of 2021 in cash at the rate of 10% (1 share...Electronic Journal of Vietnam Securities EconomyManaging agency: Vietnam Securities Business AssociationOnline newspaper operation license number: 62/GP-BTTTT issued by the Ministry of Information and Communications on February 21, 2020Editor-in-Chief: Nguyen Viet VietMember of the editorial board: Nguyen Thanh DoanEditorial office: P503 Building 17T6, Hoang Dao Thuy, Nhan Chinh Ward, Thanh Xuan District, HanoiTrade Representative: Vietnam Securities Times Invest JSC (VST Invest)© Copyright by Vietnam Securities Economics Electronic Journal.Reproduction in any form is prohibited without written consent.