HAH Sets Ambitious Goals for 2025, Aiming for Expansion and Diversification
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For 2025, HAH targets a total operating volume of nearly 1.46 million TEU, marking a 9% increase from 2024. The company’s vessel operations are expected to contribute significantly with 689,000 TEU, followed by port operations at 588,000 TEU, and depot activities at 178,000 TEU.
HAH’s 2025 business plan aims for consolidated revenue of VND 4,556 billion and after-tax profit of VND 865 billion, reflecting a 13% and 8% surge, respectively, compared to 2024. The proposed dividend for 2025 includes a 10% cash dividend and a 10% stock dividend, totaling approximately VND 348 billion in value.
HAH’s leadership reveals long-term goals to expand its services to the Mediterranean-Europe (MED-EU) and/or US West Coast (USWC) regions in the coming years. This expansion will enable the company to directly provide container transportation services to Vietnamese exporters and importers.
To achieve this, HAH plans to build a larger fleet by constructing four new container vessels with capacities ranging from 3,000 to 4,500 TEU. They also intend to purchase 2-3 second-hand vessels if suitable opportunities arise in the market. Additionally, the company will research and develop projects to build larger vessels ranging from 7,000 to 9,000 TEU.
Regarding port and logistics, HAH will transfer the container yard and port service project in Ba Ria-Vung Tau province. The company also aims to explore investment opportunities in seaports in Hai Phong and other regions, such as Central Vietnam and the Mekong Delta.
In 2024, Hai An recorded a total volume increase of over 5% to nearly 1.34 million TEU. Consolidated revenue reached VND 4,024 billion, and after-tax profit stood at VND 800 billion, doubling the figure from the previous year. The net profit attributable to the company’s shareholders was VND 650 billion, surpassing the plan by 44%.
Given these impressive results, the HAH Board of Directors proposed a dividend payout for 2024 at a rate of 10% in cash and 30% in shares. Accordingly, HAH will allocate approximately VND 130 billion for cash dividends and issue nearly 39 million new shares to increase its charter capital to VND 1,688 billion. The timeline for this proposal is set for 2025, pending approval from the State Securities Commission of Vietnam (SSC).
HAH is renowned for possessing Vietnam’s largest container vessel fleet, comprising 16 ships with a total capacity of 26,500 TEU, accounting for 67% of the country’s total container vessel capacity. According to data from the French maritime transport company Alphaliner, HAH is currently ranked among the top 100 container vessel operators globally.
On the stock market, HAH shares have been undergoing a correction since reaching a peak in late May. As of June 6th, the closing price stood at VND 76,000 per share, 10% lower than the peak but still reflecting a significant gain of over 50% compared to the beginning of the year. The corresponding market capitalization is nearly VND 10,000 billion.
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