New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings have declined by 0.06% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 0.06% per year over the past 5 years. Market cap is less than US$10m (₫97.8b market cap, or US$3.72m). Minor Risk Dividend is not well covered by earnings (115% payout ratio). Reported Earnings • Jul 24
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: ₫90.2b (up 7.0% from 2Q 2025). Net income: ₫4.71b (flat on 2Q 2025). Profit margin: 5.2% (down from 5.5% in 2Q 2025). The decrease in margin was driven by higher expenses. Upcoming Dividend • May 22
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 29 May 2026. Payment date: 26 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 8.8%. Within top quartile of Vietnamese dividend payers (8.1%). Higher than average of industry peers (6.1%). Buy Or Sell Opportunity • May 12
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to ₫11,000. The fair value is estimated to be ₫14,300, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.5%. Board Change • May 06
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 22
First quarter 2026 earnings released First quarter 2026 results: Revenue: ₫63.1b (flat on 1Q 2025). Net income: ₫2.82b (down 7.8% from 1Q 2025). Profit margin: 4.5% (down from 4.8% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Ankündigung • Apr 07
Hai Phong Electrical Mechanical Joint Stock Company, Annual General Meeting, Apr 24, 2026 Hai Phong Electrical Mechanical Joint Stock Company, Annual General Meeting, Apr 24, 2026, at 08:00 SE Asia Standard Time. Location: hall on the 3rd floor of the company, no. 734 nguyen van linh, an bien, hai phong., Vietnam Board Change • Mar 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jan 22
Full year 2025 earnings released: EPS: ₫1,367 (vs ₫1,391 in FY 2024) Full year 2025 results: EPS: ₫1,367 (down from ₫1,391 in FY 2024). Revenue: ₫229.8b (down 3.4% from FY 2024). Net income: ₫13.0b (down 1.7% from FY 2024). Profit margin: 5.6% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Upcoming Dividend • Dec 29
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 05 January 2026. Payment date: 28 January 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 8.3%. Within top quartile of Vietnamese dividend payers (7.7%). Higher than average of industry peers (6.1%). Reported Earnings • Oct 22
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₫41.4b (up 3.1% from 3Q 2024). Net income: ₫2.73b (up 4.5% from 3Q 2024). Profit margin: 6.6% (up from 6.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₫107.3b market cap, or US$4.08m). Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change). Upcoming Dividend • May 22
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 72% and this is well supported by cash flows. Trailing yield: 8.4%. Within top quartile of Vietnamese dividend payers (8.0%). Higher than average of industry peers (4.1%). Ankündigung • Apr 12
Hai Phong Electrical Mechanical Joint Stock Company, Annual General Meeting, Apr 25, 2025 Hai Phong Electrical Mechanical Joint Stock Company, Annual General Meeting, Apr 25, 2025. Location: hall on the 3rd floor of the company, no. 734 nguyen van linh, an duong ward, le chan district, hai phong city. Australia Reported Earnings • Jan 22
Full year 2024 earnings released: EPS: ₫1,370 (vs ₫1,344 in FY 2023) Full year 2024 results: EPS: ₫1,370 (up from ₫1,344 in FY 2023). Revenue: ₫237.8b (up 3.9% from FY 2023). Net income: ₫13.0b (up 1.9% from FY 2023). Profit margin: 5.5% (down from 5.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Dec 20
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 15 January 2025. Trailing yield: 8.1%. Lower than top quartile of Vietnamese dividend payers (8.2%). Higher than average of industry peers (4.1%). New Risk • Sep 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Vietnamese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 2.8% per year over the past 5 years. Market cap is less than US$10m (₫106.3b market cap, or US$4.36m). Minor Risks Dividend is not well covered by earnings (90% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Upcoming Dividend • May 29
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 05 June 2024. Payment date: 28 June 2024. Payout ratio is on the higher end at 90%, however this is supported by cash flows. Trailing yield: 8.8%. Within top quartile of Vietnamese dividend payers (8.7%). Higher than average of industry peers (5.3%). Reported Earnings • Apr 23
First quarter 2024 earnings released First quarter 2024 results: Revenue: ₫68.9b (down 2.2% from 1Q 2023). Net income: ₫3.22b (down 4.7% from 1Q 2023). Profit margin: 4.7% (down from 4.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Reported Earnings • Jan 27
Full year 2023 earnings released: EPS: ₫1,344 (vs ₫1,464 in FY 2022) Full year 2023 results: EPS: ₫1,344 (down from ₫1,464 in FY 2022). Revenue: ₫228.9b (down 13% from FY 2022). Net income: ₫12.8b (down 8.2% from FY 2022). Profit margin: 5.6% (up from 5.3% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Jan 05
Upcoming dividend of ₫500 per share at 8.9% yield Eligible shareholders must have bought the stock before 12 January 2024. Payment date: 26 January 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 8.9%. Within top quartile of Vietnamese dividend payers (8.6%). Higher than average of industry peers (7.2%). Board Change • Nov 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: ₫255 (vs ₫384 in 3Q 2022) Third quarter 2023 results: EPS: ₫255 (down from ₫384 in 3Q 2022). Revenue: ₫36.8b (down 33% from 3Q 2022). Net income: ₫2.42b (down 34% from 3Q 2022). Profit margin: 6.6% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 17
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 18
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: ₫406 (vs ₫589 in 2Q 2022) Second quarter 2023 results: EPS: ₫406 (down from ₫589 in 2Q 2022). Revenue: ₫79.6b (down 25% from 2Q 2022). Net income: ₫3.86b (down 31% from 2Q 2022). Profit margin: 4.8% (down from 5.3% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 9% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₫10,300, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 9x in the Consumer Durables industry in Vietnam. Total returns to shareholders of 39% over the past three years. Board Change • Mar 14
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 03
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 12
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 21
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 28 December 2022. Payment date: 11 January 2023. Trailing yield: 8.7%. Lower than top quartile of Vietnamese dividend payers (9.2%). Higher than average of industry peers (6.1%). Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 22
Third quarter 2022 earnings released Third quarter 2022 results: EPS: ₫384. Revenue: ₫55.1b (up 61% from 3Q 2021). Net income: ₫3.65b (up 171% from 3Q 2021). Profit margin: 6.6% (up from 3.9% in 3Q 2021). The increase in margin was driven by higher revenue. Board Change • Sep 13
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jul 21
Second quarter 2022 earnings released: EPS: ₫589 (vs ₫603 in 2Q 2021) Second quarter 2022 results: EPS: ₫589 (down from ₫603 in 2Q 2021). Revenue: ₫105.8b (down 1.1% from 2Q 2021). Net income: ₫5.59b (down 2.4% from 2Q 2021). Profit margin: 5.3% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Upcoming Dividend • May 26
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 02 June 2022. Payment date: 22 June 2022. Trailing yield: 8.5%. Within top quartile of Vietnamese dividend payers (7.3%). Higher than average of industry peers (6.3%). Board Change • May 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Jan 21
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₫1,304 (up from ₫1,243 in FY 2020). Revenue: ₫261.8b (down 1.8% from FY 2020). Net income: ₫12.4b (up 4.9% from FY 2020). Profit margin: 4.7% (up from 4.4% in FY 2020). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Upcoming Dividend • Dec 29
Upcoming dividend of ₫500 per share Eligible shareholders must have bought the stock before 05 January 2022. Payment date: 21 January 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 7.6%. Within top quartile of Vietnamese dividend payers (6.2%). Higher than average of industry peers (5.6%). Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment improved over the past week After last week's 17% share price gain to ₫13,000, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the Consumer Durables industry in Asia. Total returns to shareholders of 76% over the past three years. Reported Earnings • Jul 21
Second quarter 2021 earnings released: EPS ₫603 (vs ₫425 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₫107.0b (up 21% from 2Q 2020). Net income: ₫5.73b (up 42% from 2Q 2020). Profit margin: 5.4% (up from 4.6% in 2Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 12
New 90-day high: ₫10,200 The company is up 6.0% from its price of ₫9,600 on 11 December 2020. The Vietnamese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 18% over the same period. Reported Earnings • Jan 20
Full year 2020 earnings released: EPS ₫1,243 The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: ₫266.5b (down 4.6% from FY 2019). Net income: ₫11.8b (down 2.4% from FY 2019). Profit margin: 4.4% (up from 4.3% in FY 2019). The increase in margin was driven by lower expenses. Ankündigung • Nov 10
Nguyen Quoc Tu acquired an additional 2.9% stake in Hai Phong Electrical Mechanical Joint Stock Company (HNX:DHP). Nguyen Quoc Tu acquired an additional 2.9% stake in Hai Phong Electrical Mechanical Joint Stock Company (HNX:DHP) on November 2, 2020. Nguyen Quoc Tu acquired 0.3 shares and now holds 11.21% stake in Hai Phong Electrical Mechanical Joint Stock Company.
Nguyen Quoc Tu completed the acquisition of an additional 2.9% stake in Hai Phong Electrical Mechanical Joint Stock Company (HNX:DHP) on November 2, 2020. Is New 90 Day High Low • Nov 06
New 90-day low: ₫9,000 The company is down 5.0% from its price of ₫9,500 on 07 August 2020. The Vietnamese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 23% over the same period. Ankündigung • Nov 03
Nguyen Quoc Tu acquired 3.3% stake in Hai Phong Electrical Mechanical Joint Stock Company (HNX:DHP). Nguyen Quoc Tu acquired 3.3% stake in Hai Phong Electrical Mechanical Joint Stock Company (HNX:DHP) on November 2, 2020. Under the terms, Nguyen Quoc Tu acquired 314,650 shares. After the acquisition, Nguyen Quoc Tu holds 8.31% stake.
Nguyen Quoc Tu completed the acquisition of 3.3% stake in Hai Phong Electrical Mechanical Joint Stock Company (HNX:DHP) on November 2, 2020. Reported Earnings • Oct 21
Third quarter earnings released Over the last 12 months the company has reported total profits of ₫12.0b, down 31% from the prior year. Total revenue was ₫269.1b over the last 12 months, down 4.2% from the prior year. Is New 90 Day High Low • Oct 10
New 90-day low: ₫9,100 The company is down 6.0% from its price of ₫9,700 on 07 July 2020. The Vietnamese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 21% over the same period. 
