Hai An (HAH) will invest nearly 900 billion VND in fleet and port system in 2021

Hai An has invested in two ships of 1,700 TEU type, and is planning to buy another 1,000 - 1,500 TEU vessel to meet demand in the coming years.

 
Hai An Transport and Unloading Joint Stock Company (HAH) has just announced the document of the 2021 annual general meeting of shareholders.
Expected revenue plan is 1,661 billion VND, profit after tax is 158 billion VND, up 37% and 14% respectively compared to 2020.

Loading and unloading Hai An will invest nearly 900 billion VND for the fleet and port system in 2021 - Photo 1.

Hai An's business plan in 2021

According to Hai An, fleet capacity is increased by more than 30% in the last 8 months of 2021, the company's transport volume plan increases by 38%. However, due to the recovery of the economy and the policy of continuing to maintain low supply of crude oil by OPEC + crude oil exporting group, the price of oil started to increase from the end of 2020 and has continued to increase until now. Therefore, despite the increase in output, Hai An said that the fleet's business results are expected to increase only 10% compared to 2020.

Hai An has completed the investment in two ships of 1,700 TEU type with a total investment of 380 billion VND. The company forecasts that the world economy will recover quickly and transportation demand will continue to increase in the coming years, so Hai An will continue to search for more suitable vessels to rejuvenate the fleet. The company plans to invest in an additional vessel of 1,000 - 1,500 TEU with a total capital of about VND 200 billion. The total investment capital for the fleet in the 2021 plan is about 580 billion VND.

The port and logistics system will continue to be repaired and upgraded. The company completed construction and put into operation a pontoon wharf in Vung Tau, and at the same time continued to level the ground for Depot in Cai Mep area when eligible. It is expected that the total investment of Hai An in 2021 will be about 300 billion VND. The company also continues to look for investment opportunities in logistics infrastructure in the Central region and the Mekong Delta.

In the first quarter, Hai An achieved net revenue of 359 billion dong, profit after tax of 67 billion dong, up 28% and 127% respectively over the same period.

The structure shows that revenue from ship operation reached VND 317 billion, up 29%; revenue from port operation is 73 billion dong, up 16%; Other revenue is 49 billion dong, up 37%. However, of this, it is necessary to exclude internal revenue of VND 81 billion, increasing by 25% compared to the same period last year.