HSG_Financial Analysis_2013
HANOI UNIVERSITY
Faculty of Management and Tourism
FINANCIAL STATEMENT ANALYSIS
HOA SEN GROUP
Tutor: Mr. Chu Huy Anh
Tut: 2FB – 10
Tut Session: 1st Session, Friday morning
Group members:
Vu Viet Anh
(0804000009)
Nguyen Thi Le
(1004040052)
Tran Thi Thao Nguyen
(1004040079)
Bui Minh Quan
(1004040088)
Nguyen Thuy Trinh
(1004040116)
Bui Thi Hai Yen
(1004040126)
Hanoi, December23th, 2013
ACKNOWLEDGEMENT
At first, we would like to express our profound gratitude toward Mr.
Chu Huy Anh and Mrs. Do Van Anh for providing us valuable lectures, tut sessions and knowledge of Financial Statement Analysis without which this project would not have been done.
Furthermore, we want to dispatch our thanks to teachers in other subjects which have supported us in understanding and approaching various fields relating to financial analysis as well as economics to come up with data in this analysis.
In addition, we would like to convey our thanks to a few of papers and books as referenced sources for many parts of the analysis which required objective view of analysts.
It is expected that this analysis will provide comprehensive and relevant information for decision-making process of investors when considering HSG’s stock in particular and the Group in overall.
ii
ABSTRACT
Established since 2001 with the headquarters located in Binh Duong Province and the solid foundation which is build up during the past 11 years through three main businesses, sheet metal, building materials and transportation and mechanic,
Hoa Sen Group (HSG) has been affirmed the statue of a dynamic Vietnamese company in integration as well as a brand name at international level, contributing high-value products for the national economy and creating benefits to the society as a whole. Acquiring and maintaining the Number One position in manufacturing and trading of steel sheets in Vietnam and the leading exporter in
Faculty of Management and Tourism
FINANCIAL STATEMENT ANALYSIS
HOA SEN GROUP
Tutor: Mr. Chu Huy Anh
Tut: 2FB – 10
Tut Session: 1st Session, Friday morning
Group members:
Vu Viet Anh
(0804000009)
Nguyen Thi Le
(1004040052)
Tran Thi Thao Nguyen
(1004040079)
Bui Minh Quan
(1004040088)
Nguyen Thuy Trinh
(1004040116)
Bui Thi Hai Yen
(1004040126)
Hanoi, December23th, 2013
ACKNOWLEDGEMENT
At first, we would like to express our profound gratitude toward Mr.
Chu Huy Anh and Mrs. Do Van Anh for providing us valuable lectures, tut sessions and knowledge of Financial Statement Analysis without which this project would not have been done.
Furthermore, we want to dispatch our thanks to teachers in other subjects which have supported us in understanding and approaching various fields relating to financial analysis as well as economics to come up with data in this analysis.
In addition, we would like to convey our thanks to a few of papers and books as referenced sources for many parts of the analysis which required objective view of analysts.
It is expected that this analysis will provide comprehensive and relevant information for decision-making process of investors when considering HSG’s stock in particular and the Group in overall.
ii
ABSTRACT
Established since 2001 with the headquarters located in Binh Duong Province and the solid foundation which is build up during the past 11 years through three main businesses, sheet metal, building materials and transportation and mechanic,
Hoa Sen Group (HSG) has been affirmed the statue of a dynamic Vietnamese company in integration as well as a brand name at international level, contributing high-value products for the national economy and creating benefits to the society as a whole. Acquiring and maintaining the Number One position in manufacturing and trading of steel sheets in Vietnam and the leading exporter in
References: Anon., 2013. Anon., 2013. Anon., 2013. hoasengroup.vn. [online] Available at: http://www.hoasengroup.vn [Accessed 12,2013]. Anon., 2013. s.cafef.vn. [online] Available at: http://s.cafef.vn/hose/HSG-cong-ty-cophan-tap-doan-hoa-sen.chn [Accessed 12,2013]. Don, T.V., Binh, L. V & Muoi, N. T., 2011. Công ty cổ phần tập đoàn Hoa Sen. Duong, N.T., 2013. Hoa Sen Group Joint Stock Company (HSX: HSG), Hanoi: FPT Securities. Hoa Sen Group, 2010. Consolidated Financial Statements for the year ended 30 September 2010, s.l.: Hoa Sen Group. Hoa Sen Group, 2011. Annual Report for Fiscal Year 2009-2010, s.l.: Hoa Sen Group. Hoa Sen Group, 2011. Consolidated Financial Statements for the year ended 30 September 2011, s.l.: Hoa Sen Group. Hoa Sen Group, 2012. Annual Report for Fiscal Year 2010-2011, s.l.: Hoa Sen Group. Hoa Sen Group, 2012. Consolidated Financial Statements for the year ended 30 September 2012, s.l.: Hoa Sen Group. Hoa Sen Group, 2013. Annual Report for Fiscal Year 2011-2012, s.l.: Hoa Sen Group. Hoa Sen Group, 2013. Consolidated Financial Statements for the year ended 30 September 2013, s.l.: Hoa Sen Group. 21 Son, T.N., 2010 Wahlen, J. M. , Baginski, S. P. & Bradshaw, M. T. 2008. Financial Reporting, Financial Statement Analysis, and Valuation 22 APPENDIX A: Consolidated Financial Statement (Fiscal period 2009 – 2013)