In 2 recent years, Hoa Binh has continuously won the tenders of many projects with the value of VND trillion. Accordingly, the shares of tỷ lệ cá cược bóng đá JSC (HBC) has continuously conquered new heights. According to the analysts, HBC could develop further if it overcomes the longtime weaknesses of the enterprise.

Starting from designing and constructing the private houses to become the enterprise with VND trillions of profits

tỷ lệ cá cược bóng đá ngày hôm nay 1987, Hoa Binh Construction Office was established to do the interiordesign and construction for private houses and projects. One year later, Hoa Binh started to construct the projects of the Governmental enterprises. tỷ lệ cá cược bóng đá ngày hôm nay 2000,Hoa Binh Construction Office has grown up to become Hoa Binh Construction and Real Estate Corporation JSC.

After 4 times of changing, tỷ lệ cá cược bóng đá ngày hôm nay 2006, the charter capital of Hoa Binh reached nearly VND56.4 billion with 2/3 charter capital of internal shareholders. tỷ lệ cá cược bóng đá ngày hôm nay 2006, Hoa Binh has listed its shares on the Ho Chi Minh City Stock Exchange with HBC code, and became the first general contractor tỷ lệ cá cược bóng đá ngày hôm nay the South listed on HOSE.

After 10 years of development, passing2 crises, by the end of 2016, HBC’s charter capital reached more than VND954 billion, total assets reached nearly VND11,450billion. tỷ lệ cá cược bóng đá ngày hôm nay 2016, HBC has achieved the most outstanding profitas VND568 billions of consolidated net profit.

Source: Audited Consolidated Financial Statements

tỷ lệ cá cược bóng đá ngày hôm nay 2017, after 30 years of establishment, HBC has achieved the target revenue of VND16 trillion and profit after tax of VND828 billion. With that growth and internal strength, HBC could obtain trillion profit tỷ lệ cá cược bóng đá ngày hôm nay coming time.

Impressive growth tỷ lệ cá cược bóng đá ngày hôm nay business results and share price

On 22/09/2017, HBC’s share has reached its highest price (after technical adjustments) asVND62,900 –increased 3 times compared to September 2016. This impressive growth has made HBC become one of the best performing shares tỷ lệ cá cược bóng đá ngày hôm nay last year.

tỷ lệ cá cược bóng đá ngày hôm nay the past year, the share ofCoteccons(CTD) – the largest contractor tỷ lệ cá cược bóng đá ngày hôm nay Vietnam just increased 17%. Although Coteccons' scale of sales or capitalization is still considerably larger than Hoa Binh's, but our distance is narrowing because the boom period of Cotecconswas over. Meanwhile, Hoa Binh is impressively growing.

Source: HOSE data

tỷ lệ cá cược bóng đá ngày hôm nay the first half year of 2017, Hoa Binhhas grown 66% tỷ lệ cá cược bóng đá ngày hôm nay revenue and 172% tỷ lệ cá cược bóng đá ngày hôm nay profit. The corresponding figures ofCoteccons are 29% and 19% respectively. tỷ lệ cá cược bóng đá ngày hôm nay particular, tỷ lệ cá cược bóng đá ngày hôm nay 2016, HBC has achieved the outstanding growths tỷ lệ cá cược bóng đá ngày hôm nay revenue and profit as 112% and 586% respectively (compared to 2015).

Currently, Hoa Binh is negotiating with 2 customers to collect debts of VND157 billion and add them to the back-up fund.If this debt collection is successful, Hoa Binh’s profit tỷ lệ cá cược bóng đá ngày hôm nay 2017 might reach VND900-1,000 billion, exceeding 15% - 20% of the plan. With a market capitalization of VND8,000 billion, HBC’s share is trading at8-9 times ofP/E forward, much lower than the market average.

Geological growth is still large.

tỷ lệ cá cược bóng đá ngày hôm nay a new analysis report published tỷ lệ cá cược bóng đá ngày hôm nay early September2017, Viet Dragon Securities Company (VDSC) has appraised that: "Improved design and construction capacity will be the key factors for HBC to win the large and complex bidding packages and increase the gross margin of profit tỷ lệ cá cược bóng đá ngày hôm nay this segment. Due to the ability to satisfy the requirements tỷ lệ cá cược bóng đá ngày hôm nay timing and quality of construction, HBC has become the preferred contractor of large projects."

Due to 2/3 ofHBC's revenue comes from residential and commercial construction, HBC's revenue growth tỷ lệ cá cược bóng đá ngày hôm nay 2017 mainly comes from the large apartment and complex commercial projects which the enterprise has signed tỷ lệ cá cược bóng đá ngày hôm nay 2016 and 2017. The factory construction is expected to be continued when HBC won the tender of D&B package for Hoa Phat Dung Quat Steel Complex Project.

Source: Audited Financial Statement Data over many years

HBC is also improving its relationships with its clients. Most of recent signed contracts are made with the partners who have cooperated with HBC before such as Keppel, MIK, Vingroup, Sun Group, etc.

According to the company's announcement, tỷ lệ cá cược bóng đá ngày hôm nay over the first seven months of 2017, Hoa Binh has won 27 contracts with the value of VND12,950billion –achieved 65% of the yearly plan. This figure does not include the contract value ofHoa Phat Dung Quat Steel Complex Project. If including the remaining contracts from 2016, total contract value of HBC is VND28,950 billion, ensuring the targetrevenue of VND16,000 billion tỷ lệ cá cược bóng đá ngày hôm nay 2017, andbeing the premise for 2018.

Business performance needs more time to improve.

When continuously winning the tenders, the revenue is not a problem for HBC. The concern of investors tỷ lệ cá cược bóng đá ngày hôm nay recent months when mentioning this construction enterprise is the sudden increase tỷ lệ cá cược bóng đá ngày hôm nay price of construction materials (sand, iron, steel, etc.), which may reduce the profit margin of HBC.

tỷ lệ cá cược bóng đá ngày hôm nay order to prevent the risk of this problem, HBC said: when winning the tenders of the projects and signing the construction contracts, the company has to immediately sign the material buying contract for entire volume of key materials (steel, cement, sand, stone ...) for those projects.

Another concerned problemis the financial situation of HBC. Although the construction capacity of HBC is consideredto be equivalent to leading enterprises, but Hoa Binh is still weaker tỷ lệ cá cược bóng đá ngày hôm nay terms of operational efficiency due to its limited financial capacity.

Source: Financial Report Data 6 months of 2017

The hot growth tỷ lệ cá cược bóng đá ngày hôm nay revenue led to a sharp increase tỷ lệ cá cược bóng đá ngày hôm nay receivables, while payables did not increase accordingly, thatcould put the pressure on working capital. Hence, the enterprise had to make the short-term debts to solve that problem of working capital. The negative cash flow tỷ lệ cá cược bóng đá ngày hôm nay business activities will likely continue tỷ lệ cá cược bóng đá ngày hôm nay the coming time.

tỷ lệ cá cược bóng đá ngày hôm nay order to overcome this weakness, Hoa Binh is planning to sell 18 million shares separately tỷ lệ cá cược bóng đá ngày hôm nay Quarter 4 of 2017. The offer price of these shares may be 20% higher than the current market price, equivalent to the mobilization size ofVND1,200 - 1,300 billion. The purpose of capital usage tỷ lệ cá cược bóng đá ngày hôm nay this issue period is mainly for structuring the loans and supplementing the working capital.

tỷ lệ cá cược bóng đá ngày hôm nay other aspects, the actions of HBC could show that they are well using the financial leverage to increase their return on equity (ROE). However, HBC will face to the risk when the interest rate of loans rise and the customers hold the overdue capital. Hence, tỷ lệ cá cược bóng đá ngày hôm nay the long term, HBC needs to make changes tỷ lệ cá cược bóng đá ngày hôm nay its payment policy with clients - project investors tỷ lệ cá cược bóng đá ngày hôm nay order to minimize the risk of debt collection and reduce the proportion of customer receivables.

According to HONG QUAN

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Nguồn: http://bizlive.vn/doanh-nghiep/chan-dung-doanh-nghiep-tang-200-trong-vong-1-nam-dong-luc-nao-de-hoa-binh-tiep-tuc-tang-truong-3216099.html

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