toggle icon
logo text
logo symbol
toggle icon
Back

HT1 - Management exudes confidence for strong 2015 at AGM, no dividend until 2017 to pay down debt - AGM Note

Company Research •

24 Apr 2015

We attended HT1’s AGM. Attendance was sparse likely because it was held in Cam Ranh and that AGM materials were released earlier this week. Management guided for a 6% increase in revenue and 13% growth in PBT (on core basis) with EBITDA margin target set at 22% (low in our opinion). Management was very confident in surpassing FY15 target and for good reason – 1Q results were much better than expected, despite being the low season due to the two weeks off from LNY holiday.

Contact us for a research access: (+84) 2 8888 2 6868

/trung-tam-phan-tich