The ambitious 'EP' of tỷ lệ cá cược bóng đá

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With the goal of turning the industrial park construction sector into one of the three core spearheads, cá cược bóng đá's ambition is not simply limited to the fabrication, construction and installation of industrial park factories

An important strategy of cá cược bóng đá

In the past, when referring to tỷ lệ cá cược bóng đá, people often thought of a leading civil construction contractor in Vietnam that met international standards and won many projects from reputable corporations. Large real estate developers such as VinGroup, Novaland, Keppel Land, Sun Group, and more, also, investors are somewhat surprised when Hoa Binh has outlined a business strategy for 2020 with three key points: Industrial, transportation infrastructure and overseas investment. In particular, it is noteworthy that Hoa Binh aims to attribute 60-65% of the profit structure to industrial parks together with civil construction in 2020.

Compared with the civil construction segment (high-rise buildings), which cá cược bóng đá has a high degree of capability and prestige for many a year, the construction sector of cá cược bóng đá in the Industrial field seems new and fuzzy. Perhaps, investors may mention that cá cược bóng đá executed the famous project of Hoa Phat Iron and Steel Production Complex (in Dung Quat, Quang Ngai).

cá cược bóng đá has been involved in industrial zone construction since 1997, starting with Vung Tau Fishing Port. Talking to Investor Magazine, Mr. Ho Ngoc Phuong, Deputy General Director of cá cược bóng đá Industry, said that in the past, when there was no separate Industrial department, the construction of industrial projects was integrated and associated with the civil construction field. From 2017 to now, cá cược bóng đá has implemented many industrial projects such as: Nitori Ba Ria - Vung Tau Factory (Revenue 200 billion VND), Hoa Phat Dung Quat Iron and Steel Factory (revenue 1,800 billion VND), a factory producing and selling rice Want - Want (VND 500 billion); Before that, there were a number of large-scale projects, such as: Esquel garment factory in cá cược bóng đá province (VND 180 billion in revenue), the Formosa factory in Ha Tinh (VND 1,500 billion) and so on.

Therefore, the establishment of the Industrial Department (BOD Resolution No. 19/2020 / NQ-HĐQT.HBC dated July 9^th, 2020) and the appointment of Deputy Director of the industrial Department (Mr. Ho Ngoc Phuong) are steps for seeing cá cược bóng đá strategically and methodically expanding into the industrial market.

Ambition for the E and P of cá cược bóng đá

“The prospects for the industrial sector in Vietnam are considered positive by experts thanks to many factors, such as: the COVID-19 pandemic has boosted the momentum of moving factories out of China, as well as the Sino-US trade war becoming a concern of manufacturers in China, also the EVFTA Agreement will attract FDI into Vietnam, all of these are the factors contributing to the motivations for cá cược bóng đá to decide to develop into the industrial segment, both strategically and methodically in order to construct the IP”, shared Mr. Ho Phuong.

Investors appreciate the move to develop cá cược bóng đá's industrial construction segment. This area has kept up with the nationwide trend to welcome FDI inflows, while taking advantage of the internal strengths of the Group.

One notable advantage of industrial construction is the cash flow factor. In the residential segment, it is necessary to sell the house to pay the contractor, so it will be difficult to avoid rising liabilities due to problems from the investor. “At present, the group's industrial segment may not generate a sudden revenue growth (compared to civil construction), but the cash flow will be stable and steady. The investors of the industrial projects already have the capital and financial resources, what they need is the contractor to complete the construction as soon as possible to start production, ”said Mr. Ho Phuong.

However, making industrial construction an important strategic point means that cá cược bóng đá's ambition will not stop at building a mere industrial factory.

Engineering, Procurement and Construction (EPC) contracts are a type of construction contract in which the contractor performs all works from (E) technical design or construction drawing design; (P) supply of materials and equipment; and (C) execute the construction works and items, then run the test and hand over to the investor.

Currently, what cá cược bóng đá is doing is only in the construction of work items (concrete, reinforcement, etc.). This "C" accounts for a small part of about 1/8 - 1/6 of the total investment in a project. If we were to just stop here, the workload is relatively small, and it is clear that the revenue and profit of the company will hardly have a sudden growth spike.

“In the next 1-3 years, one of our important goals is to improve technological competitiveness, build infrastructure resources to a future focusing on heavy industries and have the capacity to implement the letters 'E' & 'P', and go on to replace foreign contractors in the heavy industry market. Particularly for that market share, this value will bring a higher revenue and profit. These are the factors that make a greater profit contribution to the group” shared Mr. Phuong.

In the future, cá cược bóng đá will participate in the super factory project in Thua Thien Hue. This is a project with a total investment of 6 billion USD, is expected to start construction in the first quarter of 2021.

cá cược bóng đá has worked for a long time with the owner of this factory project. “Joining the project as a subcontractor, we recognize this as a great opportunity for the group. Because in addition to the story of revenue and profit, it is also an experience we can learn from and add on to” said Mr. Phuong.

However, to solidify its ambitions, cá cược bóng đá will have to make great strides. At that point, one of the issues that investors are most concerned with is cá cược bóng đá's financial resources.

cá cược bóng đá's loosening credit, accepting slower debt collection, and delaying debt collection processes have been highly appreciated. This is an attractive feature of cá cược bóng đá, showing the policy of willingness to cooperate with investors. On the other hand, it also creates a rapid growth in revenue and profit for the business in the long run.

Along with that, customer debt also grew correspondingly and more or less made it difficult for operating cash flow, a vital factor of an enterprise. Therefore, to compete in industrial construction, will cá cược bóng đá use loans, issue shares or continue to loosen credit?

Mr. Ho Phuong said, with a credit limit of up to 13,000 billion, cá cược bóng đá clearly still has many resources to fulfill its ambition, as well as ensure cash flow in the operation process.

On the other hand, cá cược bóng đá's 2020 Annual General Meeting of Shareholders approved a plan to issue a maximum of VND 1,000 billion of convertible bonds, with a term of 5 years. Previously, cá cược bóng đá had a cooperation agreement with Korean funds, planning to issue 50 million USD of convertible bonds (about 1,200 billion VND).

“In addition to money and mobilized capital, our most important resource is the systems and processes accumulated over many years of operation. cá cược bóng đá has the potential to utilize advanced machines, strict systems and efficient processes, cá cược bóng đá's human resources are also well trained, and know how to optimize construction design measures ”, Mr. Phuong said.

With a reasonable and clear strategic direction, cá cược bóng đá holds many advantages to becoming an interesting "case-study" once the current projects are realized. Sharing with Investor Magazine, the Director of a securities company acknowledged, “In the next 2 years, when the legal real estate projects are removed, and the COVID-19 epidemic is under control, ... , HBC will be an interesting stock in the market ”