Revenue distribution by sectors:

• Steel production: approx. 80%
• Agriculture: approx. 10%
• Real estate: approx. 5%
• Mechanical engineering and others: approx. 5%

TOP 3 markets:

1. Vietnam: approx. 70%
2. Southeast Asia (ASEAN): approx. 15%
3. Australia: approx. 10%

The Hoa Phat Group generates the majority of its revenue from steel production, making it one of the leading steel manufacturers in Vietnam. The domestic market is the dominant sales market, followed by exports to the ASEAN region and Australia. This geographical diversification helps the company hedge against local market fluctuations.

Production Sites:

1. Dung Quat Steel Complex, Vietnam
2. Hai Duong Steel Mill, Vietnam
3. Quang Ngai Province, Vietnam

The Hoa Phat Group Joint Stock Company mainly produces its products in Vietnam. The Dung Quat Steel Complex is one of the company's largest production sites and plays a central role in steel production. In addition, Hoa Phat operates steel mills in Hai Duong Province and Quang Ngai, which also make significant contributions to production capacity. These strategically located sites in Vietnam enable the Hoa Phat Group to efficiently serve both the domestic market and export to other countries.

Revenue growth: 18% (estimated 2024)
Investments in new projects: 1.5 billion USD (2024)

The Hoa Phat Group pursues a strategy of diversification and expansion to secure its future growth. An essential part of this strategy is the expansion of its production capacities in the steel sector, supported by significant investments in new facilities and technologies.

Additionally, the company plans to strengthen its presence in the agriculture and real estate sectors to benefit from the increasing demand in these areas. The Hoa Phat Group also focuses on sustainable practices and innovations to enhance its competitiveness and tap into new markets.

Through these measures, the company aims to further strengthen its market leadership in Vietnam and bolster its position in international markets.

Main raw materials: Iron ore, coal, limestone
Main importing countries: Australia, Brazil, Russia

The Hoa Phat Group Joint Stock Company mainly imports iron ore and coal, which are essential for steel production. Australia and Brazil are the leading suppliers of iron ore, while coal is often sourced from Russia. These countries offer high-quality raw materials that are crucial for the manufacturing of steel products.

In addition, limestone, which is needed for steel production, is imported from various international sources to support production capacities. The strategic selection of supplier countries is based on the availability, quality, and cost of the raw materials.

Market share in the steel sector Vietnam: approximately 32% (2024)
Revenue growth: 10% (2024)
EBITDA margin: 18% (2024)

The Hoa Phat Group Joint Stock Company has a significant competitive advantage in the Vietnamese steel market, as reflected in its high market share of around 32%. This dominance is supported by its vertical integration and efficient production processes, allowing the company to reduce costs and offer competitive prices.

The 10% revenue growth in 2024 shows that Hoa Phat continues to strengthen its market position and benefit from the increasing demand for steel in Vietnam. The 18% EBITDA margin underscores the company's ability to operate profitably and manage its operating costs effectively.

In addition, Hoa Phat is continuously investing in expanding its production capacities and technological innovations, further solidifying its competitive position. These strategic measures enable the company to compete against international competitors and secure its market leadership.

Institutional Investor Share: 45% (estimated for 2025)

Insider Purchases: No significant purchases in the last year

Insider Sales: 5% of total shares in the last year

The institutional investor share in Hoa Phat Group Joint Stock Company is approximately 45%. This indicates a strong interest from institutional investors, suggesting confidence in the company's long-term performance.

There were no significant insider purchases in the last year, indicating that management may not see significant undervaluation of the company. However, about 5% of total shares were sold by insiders, which could indicate profit-taking or a portfolio realignment.

Market share of Hoa Phat Group (HPG): 32% (2025, estimated)

Top competitors and their market shares:

1. Hoa Phat Group (HPG): 32%
2. Formosa Ha Tinh Steel Corporation: 25%
3. Vietnam Steel Corporation (VNSTEEL): 15%
4. Pomina Steel Corporation: 10%
5. Southern Steel Corporation: 8%
6. Tisco (Thai Nguyen Iron and Steel Corporation): 5%
7. Nam Kim Steel: 3%
8. Hoa Sen Group: 2%

Moat of Hoa Phat Group:

Hoa Phat Group has a significant moat characterized by several factors. Firstly, the company has strong vertical integration, allowing it to reduce costs and increase efficiency. This gives it an advantage over many competitors who rely on external suppliers.

Secondly, Hoa Phat has a wide range of products and strong brand recognition in Vietnam, enhancing customer loyalty. Investments in modern technologies and continuous expansion of production capacities also contribute to a competitive advantage.

Compared to competitors, Formosa Ha Tinh Steel Corporation also has a strong moat, particularly due to its large production capacities and support from foreign investments. However, Hoa Phat remains the leader in terms of market share and brand strength.

While some smaller companies like Nam Kim Steel and Hoa Sen Group are successful in certain niche markets, they lack the comprehensive market presence and vertical integration that distinguish Hoa Phat and Formosa.

Revenue Growth: 10% (2024)
Profit Growth: 8% (2024)
Market Share in the Steel Sector Vietnam: 32% (2024)

In 2024, Hoa Phat Group Joint Stock Company recorded a revenue growth of 10%, attributed to strong demand in the construction sector and expansion into new markets. Profit growth was at 8%, indicating efficient cost control and productivity enhancements.

The company holds a significant market share of 32% in the Vietnamese steel sector, highlighting its leading position in the industry. This market position provides a solid foundation for future growth, especially given the increasing infrastructure investments in the region.

Additionally, Hoa Phat is investing in diversification strategies, including expansion into the agricultural sector and exploring new business fields. These strategies could mitigate risks and create additional revenue streams.

Overall, the strong market position, combined with a solid growth strategy, suggests that Hoa Phat Group's stock could present an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Regular payouts in recent years

Hoa Phat Group Joint Stock Company has pursued a consistent dividend policy in recent years and regularly distributed dividends to its shareholders. The dividend yield for the year 2025 is estimated to be around 4.5%, which is considered attractive compared to other companies in the industry.

The reliability of Hoa Phat Group's dividend payments can be rated as high, as the company has a solid financial foundation and a strong market position in steel production. The continuous profitability and strategic expansion into new markets support the company's ability to continue paying dividends in the future.