(VNF) – According to Dr. Nguyen Duc Huong, a securities expert, former Chairman of LienVietPostBank, in the situation that the Covid-19 epidemic has adversely affected many businesses, the fact that a company has large profits but shareholders divest may relate to its owner’s long-term strategy as well as the business itself.

The divestment is not simply to preserve capital, but to realize a greater vision, to connect resources to attract strategic shareholders and small shareholders, to create a new ecosystem, enrich shareholder structure,.. It is the business secret of public companies.

– Dear sir, according to its financial statements, the profit of Deo Ca Transport Infrastructure Investment Joint Stock Company (UpCOM: HHV) in the first 6 months is 5 times higher than the same period last year. However, the major shareholder of HHV announced to divest. What is your view on this matter?

In the current epidemic situation, it’s very positive that HHV has achieved such a revenue and profit. I think that is the result that Deo Ca Group and HHV have built, accumulated and created a solid foundation for many years. HHV is considered as the leading bird in the infrastructure industry. This business is appear to be less affected by the covid epidemic thanks to the well preparation and their development orientation is in line with the country’s macro-development strategy: “When the economy develops or faces difficulties due to the effects of inflation, deflation or disease, it is necessary to invest in infrastructure… to create jobs, generate GDP, and create momentum for future development of the country.

As I known, the shareholders registered for divestment recently are Hai Thach BOT Investment Joint Stock Company, Northern Infrastructure Investment Joint Stock Company, they are all subsidiaries of Deo Ca Group. The purpose of the divestment is to create favorable conditions for strategic investors and other domestic and foreign shareholders to invest in HHV. As I said, this is an usual raising capital route, by increasing charter capital, issuing bonds, etc., creating an ecosystem with many financial boxes. It’s a proper strategy in the context that credit sources for PPP investment are very difficult and high interest rates. To accompany Deo Ca Group (DCG), HHV must prepare financial resources, of course.

Through the divestment, it seems that Deo Ca Group as the dominant shareholder has been very proactive and ready the resources to meet the capital needs for infrastructure projects in which HHV is the main financial investor.

– HHV shares have already listed on UpCom and are completing the procedures to list on the Ho Chi Minh City Stock Exchange (HoSE). What advantages will HHV have when listing on HoSE, sir?

With any company, the listing on the HoSe shows the transparency for the prospectus, accepting public supervision by management mechanism and especially the supervison of a large number of shareholders on the details of the enterprise’s activities. For an effective and reputable business, listing on HoSE is the a great financial strategy, the fastest and most effective PR strategy that spreads quickly and effectively!

Enterprises can improve their management capacity according to the standards of a listed company, optimize the governance structure, improve the control mechanism to ensure solidity for the long-term development strategy.

When listing shares, businesses will have the opportunity to choose channels to supplement cheap capital continuously and stably, with a large scale, etc., solving the problem of temporary capital bottlenecks in business development, less depends on the bank credit capital. At the same time, continue to enhance the brand reputation, reduce financial costs in the issuance of bonds, and facilitate the increase of charter capital.

With an “international vision” of a “first-class enterprise” on investment in transport infrastructure, HHV could take the most of advantages in areas such as general contractor, construction and installation, being the only unit of management and operation tunnel projects in Vietnam, participating in the development and investment of rest stops, urban real estate, resort and industrial real estate associated with expressways of HHV – a professional corporation in infrastructure investment.

It must also be affirmed that HHV’s listing on HoSE will attract more special attention from strategic shareholders, investment funds as well as other common shareholders to have financial resources … It is a method to create a solid foundation to realize business strategies in the way that international corporations have done successfully.

Thank you very much!

Nguồn: https://vietnamfinance.vn/tang-truong-loi-nhuan-gap-5-lan-vi-sao-co-dong-cua-hhv-thoai-von-20180504224257667.htm