{"id":9592,"date":"2021-04-05T08:23:46","date_gmt":"2021-04-05T01:23:46","guid":{"rendered":"https:\/\/gtjai.com.vn\/?post_type=research&p=9592"},"modified":"2021-10-14T08:24:31","modified_gmt":"2021-10-14T01:24:31","slug":"hah-equity-report_benefit-from-surging-container-freight-rate_april2021","status":"publish","type":"research","link":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/","title":{"rendered":"HAH Equity report_Benefit from surging container freight rate_April2021"},"content":{"rendered":"

Business Overview<\/strong><\/span><\/p>\n

HAH is a port operator in Hai Phong and largest sea container shipping company in Vietnam. HAH owns a 320,000 teus capacity port near Bach Dang bridge and 7 container ships with more than 7,500 teus carrying capacity.\u00a0 HAH also owns a logistic center at strategic location near Lach Huyen port cluster, largest port cluster in the North. HAH accounts for 30% market share in sea container transportation, which benefit from the surging container freight rate happening over the world.<\/span><\/p>\n

Investment Thesis:<\/strong><\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Sea container transportation industry is being in uptrend cycle, freight rate has surged due to high demand;<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Biggest fleets in Vietnam at cheapest cost of investment, which create low-cost advantage over the rivals; government protection for domestic sea container transportation in Vietnam;<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 International trade, export, import and domestic transportation demand has been being high, much higher than recent year;<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Containerization is trending in Vietnam and over the world;<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0Stable income from port operation, thanks to HAH container fleet.<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2 more vessels are coming in April, taking more market share and enjoy high growth in container throughput;<\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Positive expectation from modifying Circular 54\/2018\/TT-BGTVT in 2021, which increase the stevedoring charge for all port, both domestic cargo and international cargo.<\/span><\/p>\n

Risk:<\/strong><\/span><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Increasing oil price is the most important risk, which impact negatively on the earning.<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"template":"","cate_research":[80],"specialized":[],"class_list":["post-9592","research","type-research","status-publish","hentry","cate_research-bao-cao-doanh-nghiep-en"],"yoast_head":"HAH Equity report_Benefit from surging container freight rate_April2021 - 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\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HAH Equity report_Benefit from surging container freight rate_April2021 - GTJA\" \/>\n<meta property=\"og:description\" content=\"Business Overview HAH is a port operator in Hai Phong and largest sea container shipping company in Vietnam. HAH owns a 320,000 teus capacity port near Bach Dang bridge and 7 container ships with more than 7,500 teus carrying capacity.\u00a0 HAH also owns a logistic center at strategic location near Lach Huyen port cluster, largest […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/\" \/>\n<meta property=\"og:site_name\" content=\"GTJA\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-14T01:24:31+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gtjai.com.vn\/#website\",\"url\":\"https:\/\/gtjai.com.vn\/\",\"name\":\"GTJA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/gtjai.com.vn\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/#webpage\",\"url\":\"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/\",\"name\":\"HAH Equity report_Benefit from surging container freight rate_April2021 - GTJA\",\"isPartOf\":{\"@id\":\"https:\/\/gtjai.com.vn\/#website\"},\"datePublished\":\"2021-04-05T01:23:46+00:00\",\"dateModified\":\"2021-10-14T01:24:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/gtjai.com.vn\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HAH Equity report_Benefit from surging container freight rate_April2021\"}]}]}<\/script>","yoast_head_json":{"title":"HAH Equity report_Benefit from surging container freight rate_April2021 - GTJA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/","og_locale":"en_US","og_type":"article","og_title":"HAH Equity report_Benefit from surging container freight rate_April2021 - GTJA","og_description":"Business Overview HAH is a port operator in Hai Phong and largest sea container shipping company in Vietnam. HAH owns a 320,000 teus capacity port near Bach Dang bridge and 7 container ships with more than 7,500 teus carrying capacity.\u00a0 HAH also owns a logistic center at strategic location near Lach Huyen port cluster, largest […]","og_url":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/","og_site_name":"GTJA","article_modified_time":"2021-10-14T01:24:31+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/gtjai.com.vn\/#website","url":"https:\/\/gtjai.com.vn\/","name":"GTJA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/gtjai.com.vn\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/#webpage","url":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/","name":"HAH Equity report_Benefit from surging container freight rate_April2021 - GTJA","isPartOf":{"@id":"https:\/\/gtjai.com.vn\/#website"},"datePublished":"2021-04-05T01:23:46+00:00","dateModified":"2021-10-14T01:24:31+00:00","breadcrumb":{"@id":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/gtjai.com.vn\/en\/research\/hah-equity-report_benefit-from-surging-container-freight-rate_april2021\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/gtjai.com.vn\/en\/"},{"@type":"ListItem","position":2,"name":"HAH Equity report_Benefit from surging container freight rate_April2021"}]}]}},"_links":{"self":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/9592\/"}],"collection":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/research\/"}],"about":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/types\/research\/"}],"author":[{"embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/users\/1\/"}],"wp:attachment":[{"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/media\/?parent=9592"}],"wp:term":[{"taxonomy":"cate_research","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/cate_research\/?post=9592"},{"taxonomy":"specialized","embeddable":true,"href":"https:\/\/gtjai.com.vn\/en\/wp-json\/wp\/v2\/specialized\/?post=9592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}