20170905_BSC_Vietnam company visit note_EN_HUT_ICB2357

On 28/08/2017, HUT shares were traded at VND 11,900 / share, equivalent to P / E = 5.2 and P / B = 0.9.

HUT is one of the leading companies in the field of traffic infrastructure construction in the North. Currently, HUT is active in the sectors of Real Estate, Transportation fees collection, Construction and Sales,

Real Estate
Real estate revenue 6M2017 sharply decreased to VND 599 billion compared with VND 976 billion in the same period of 2016. The main reason is that real estate investment projects are in the process of completion and most of the Real Estate revenue will be recorded in the second half of 2017.

Fee collection activity
Total Fee collection for 6M2017 reached VND 291 billion, increasing by 43% over the same period of 2016 because BOT 39 (Thai Binh) went into operation..

Sales and services
The "Eye Hospital II" project has been in operation since Q3 / 2017 and is expected to contribute VND100 billion in revenue each year from 2018.