Hang Xanh Motors Service


Start reading our world-class research today.

10 articles for Hang Xanh Motors Service

Haxaco: Favourable business conditions support strong growth

Q2 22 performance – Strong sales helped H1 22 results meet c80% of the 2022 target. 2022 outlook: Favourable conditions support sales growth. Our target price is VND26,500. Adding a cash dividend of VND500, the 12-months expected return is 9.8%; Accu...
Rong Viet Anh
Anh Nguyen @ Rong Viet 26 August 2022

Haxaco: Massive rollout of new Mercedes models boosts 2022 sales growth

According to Mercedes-Benz, 2022 is the year marking the start of their new generation cars. Therefore, Mercedes car sales are expected to show an upward trend. H2 22 ASP of Mercedes cars in Vietnam will be higher than H1 22 thanks to the contributio...
Rong Viet Anh
Anh Nguyen @ Rong Viet 8 August 2022

Haxaco: Expects to pay 30% dividend for 2020 in cash or shares

HAX's 2021 EPS is forecast to increase by 2.7%, to VND4,029/share, but the ROE will decline from 26.1% to 22.3%. Therefore, based on the combination of FCFF and P/E methods, the target price for HAX is VND27,300/share. In the last report, we expected...
Rong Viet Hoang
Hoang Bui @ Rong Viet 26 March 2021

Haxaco: Growth opportunities ahead

2020 results were positive due to Decree 70, which reduced registration fees to about 50%, increasing the demand for cars. In the long term, HAX has many opportunities thanks to: (1) growth of the Vietnamese middle and upper class; (2) new policies b...
Rong Viet Hoang
Hoang Bui @ Rong Viet 22 March 2021

Vietnam Autos: Government policies help industry recover

VAMA members’ sales volume decreased by 24% yoy at the end of August 2020, down to 145,689 units. Sales volume of domestically assembled cars decreased by 19% yoy (to 96,473 units) while imported cars decreased sharply by 33% (to 55,430 units) compar...
Rong Viet Hoang
Hoang Bui @ Rong Viet 8 October 2020

Haxaco: 1Q2020 – Covid-19 is challenging HAX's business

Hang Xanh Motors Service (HAX) net revenue in 1Q2020 was VND 920 billion, down by 15% YoY. Revenue of selling cars dropped by 17% YoY, to VND 824 billion. The negative impact of the slowdown of the economy and consumers’ behavior were the main reason...
Rong Viet Hoang
Hoang Bui @ Rong Viet 25 May 2020


Consumer Durables & Apparel
Hang Xanh Motors Service JSC retails automobiles.

Associated topics

Asia Vietnam Consumer Discretionary Consumer Durables & Apparel Hang Xanh Motors Service Equity HAX 2019 2020 Hoang Bui Mobile World Investment Corp Hoang Nguyen Industrials Tu Vu