Hung Thinh Incons - the main construction unit of Hung Thinh Corp, recognized good growth in business and competitiveness.

Stocks of Hung Thinh Incons Joint Stock Company has just been approved to list 25 million stocks with stock code as HTN by Ho Chi Minh City Stock Exchange (HOSE). First transaction day was on November 12th with reference price of 23,300 VND / share.

This is the key company of Hung Thinh Corp when taking on the role of general constructor of projects of the Corporation. So, among a series of other construction stocks on the floor, what is the investment highlight of Hung Thinh Incons when being listed on the stock exchange?

Outstanding construction capacity

Operated since 2007 with the main field of investment, design and construction, Hung Thinh Incons is currently the general constructor of nearly 30 projects across the provinces and cities nationwide. The construction projects of HTN are diverse in many different types such as high-rise residential areas (flats / apartments), urban areas, resort villas, complexes, 4 - 5-star hotels,...

The name of Hung Thinh Incons is known for many outstanding projects which have been handed over such as ... These are projects located on the main road axes which have convenient transportation with diverse internal and external utility systems.

In addition, the company is also executing some big projects such as Q7 Saigon Riverside Complex, SaigonMia, Richmond City, Lavita Charm, 9View Apartment, Moonlight Residences, Moonlight Park View, Moonlight Boulevard,…
 

Q7 Saigon Riverside Complex – 34-storey project whose general constructor is HTN

Undertaking more and more large-scale projects which require higher technical, aesthetics and perfection are showing the capacity of HTN significantly increased. The company has also cooperated with Tokyu Group (Japan) on construction quality management consultancy, thereby further develop capacity.

Regarding technology, HTN is applying BIM management software in the design, construction and management of projects. In addition, the Company is widely deploying 2 management systems according to international standards, including ISO 9001: 2015 and ISO 45001: 2018 System on Occupational Safety and Health to optimize productivity and work efficiency and improve the quality of projects.

Business has grown dramatically

Business operations of Hung Thinh Incons in the period of 2015-2017 showed remarkable growth. The company recorded consolidated revenue after tax in 2017 of VND 2,700 billion, profit after tax reached VND 110 billion. Thus, HTN revenue increased by 11 times and profit increased by more than 9 times compared to 2015.

 

Revenue and profit of HTN increased strongly. Unit: billion Vietnamese dongs)

In 2018, the company set revenue target of VND 4,054 billion and profit after tax of VND 180 billion, an increase of 50% and 64% respectively compared to the previous year. The revenue of HTN over the past years increased strongly because the company continuously received many big projects from Hung Thinh Corporation, this was a great advantage for HTN.

As of September 30th, HTN's total assets were about VND 3,900 billion, of which inventories were the unfinished works and real estates (under construction and un-acceptance items) reaching VND 1,260 billion (accounting for 98% of inventories). Regarding the quality of capital, the total debt of HTN was VND 870 billion, accounting for 22% of the total capital which was a safe ratio in the construction sector.

In the first 9 months of the year, Hung Thinh Incons earned over VND 2,590 billion in revenue and after-tax profit recorded VND 114.5 billion. With the under construction and un-acceptance items reaching VND 1,260 billion mentioned above, according to the company’s leadership, the fourth quarter profit reached at least VND 66 billion and ensured the completion of the 2018 profit plan.

Dividend of 2017 at 30%

According to the report of HTN, 9-month EPS of the company reached VND 3,994, which was a pretty high figure compared to many enterprises in the construction and real estate sector.

Regarding dividends, Hung Thinh Incons planned to distribute profits in 2017 with a dividend of 30%, equivalent to the total value of VND 75 billion. In which, the company expected to spend 15% in cash and 15% by stocks.

By the end of the third quarter of 2018, Hung Thinh Incons also had nearly VND 269 billion undistributed profits and equity surplus of VND 45 billion. This was a big “save” compared to the charter capital of VND 250 billion.

In addition, the shareholder structure of HTN is quite quality when there is presence of large organizations such as Hung Thinh Corp accounting for 25%, Hung Thinh Land owning 24% of capital, the members of the Board of Directors and the Leadership of Company holding 17.95% of capital and over 300 other shareholders.
 

Vung Tau Melody – A project generally constructed by Hung Thinh Incons has been handed over to customers

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