Research Centre
Free access to research reports covering macro economy, market, sectors or individual stocks |
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| Title |
Vinashin Petroleum Invetment and Transport JSC |
| Source |
| HBBS |
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| Type |
Update Report |
| Business |
Viet Hai Shipping and Real Properties Corporation |
| Ticker |
VSP |
| File Detail |
| Date: 16/08/2009 |
Page: 5 |
File Type |
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| Description |
Marine transportation contributes over 60% to total VSP’s revenue. This activity has been the cause of the company’s loss as freight rates have not reached the break-even point. Buying new ship in the
previous peak period of the industry generated a remarkable profit for the company. However, it is causing long-term difficulties, and this business line is not likely to pick up soon even when the conomy has showed signs of recovery. |
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| Recommend |
N/A |
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