{"id":30387,"date":"2025-04-18T16:26:08","date_gmt":"2025-04-18T09:26:08","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&#038;p=30387"},"modified":"2025-04-25T16:26:38","modified_gmt":"2025-04-25T09:26:38","slug":"gtjasvn_hpg-equityreport_-agm-2025-update_april182025_en","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hpg-equityreport_-agm-2025-update_april182025_en\/","title":{"rendered":"GTJASVN_HPG EquityReport_ AGM 2025 Update_April182025_en"},"content":{"rendered":"<p><span style=\"font-family: helvetica, arial, sans-serif\">At the AGM, Hoa Phat (HPG) announced its Q1 2025 results, reporting 37,000 billion VND in revenue (+20% yoy) and a net profit after tax of 3,300 billion VND (+15% yoy). HPG has set an ambitious target for 2025, aiming for <strong>170,000 billion VND<\/strong> in revenue (+21% yoy) and <strong>15,000 billion VND<\/strong> in net profit after tax (+25% yoy).<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">At the 2025 AGM, HPG demonstrated a strong development strategy with major projects such as Dung Quat 2, Phu Yen Steel Plant, and rail steel production. The company is also proactively addressing risks from tariffs and market fluctuations. The target of 170,000 billion VND in revenue and 15,000 billion VND in net profit after tax reflects HPG\u2019s confidence, supported by growing domestic steel demand and policies prioritizing domestic production. However, the change in dividend policy also indicates caution in light of the pressures from U.S. tariffs on the steel industry.<\/span><\/p>\n<p><span style=\"font-family: helvetica, arial, sans-serif\">Additionally, we note that the company\u2019s cash flow may face pressure due to reinvestment in major projects. A positive aspect is that the Dung Quat 2 project coming into operation will provide financial support for HPG in the coming years.<\/span><\/p>\n","protected":false},"author":31,"featured_media":0,"template":"","cate_research":[27],"specialized":[],"class_list":["post-30387","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep"],"yoast_head":"<title>GTJASVN_HPG EquityReport_ AGM 2025 Update_April182025_en - GTJA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gtjai.com.vn\/en\/research\/gtjasvn_hpg-equityreport_-agm-2025-update_april182025_en\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTJASVN_HPG EquityReport_ AGM 2025 Update_April182025_en - GTJA\" \/>\n<meta property=\"og:description\" content=\"At the AGM, Hoa Phat (HPG) announced its Q1 2025 results, reporting 37,000 billion VND in revenue (+20% yoy) and a net profit after tax of 3,300 billion VND (+15% yoy). 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