HDG.VN
Unloved QualityHa Do Group Joint Stock Company · Real Estate · Vietnam · $244M cap · $478K/day traded
VND 15,400 +0.0% · close 6 Nov · scored 7 Nov
Unloved Quality: Strong and cheap, but the market has not warmed to it.
As of 7 Nov 2026, the MoatMap Score for Ha Do Group Joint Stock Company (HDG.VN) is 73/100, ranked against 25,000+ stocks in 38 markets (Quality 78, Value 68, Momentum 23, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT HA DO GROUP JOINT STOCK COMPANY
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Ha Do Group Joint Stock Company, together with its subsidiaries, engages in the electricity generation, transmission, and distribution activities in Vietnam. It operates through Real Estate Activities; Sales of Electricity; and Leasing Services, Construction Services and Other Activities segments.
FINANCIAL SUMMARY (VND)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.6T | 2.9T | 2.7T | 2.8T | -8.0% | 2.6T | 2.6T | 3.1T | 4.7% |
| EPS (VND) | 2,708 | 1,709 | 855.45 | 1,893 | -11.3% | 1,712 | 1,782 | 2,521 | 15.4% |
| Shares | 407.0M | 407.0M | 407.0M | 407.0M | -0.0% | 407.0M | — | — | — |
| Debt | 6.1T | 5.4T | 4.9T | 4.7T | -8.4% | 4.2T | — | — | — |
| Equity | 5.3T | 5.9T | 6.1T | 6.9T | 9.0% | — | — | — | — |
| Op CF | 1.9T | 793.6B | 1.1T | 1.2T | -13.8% | 1.1T | — | — | — |
| Inv CF | -79.6B | -326.2B | -116.4B | -587.9B | — | — | — | — | — |
| Fin CF | -1.3T | -859.1B | -833.4B | -714.8B | — | — | — | — | — |
No new 52-week low for 4 weeks, 9% above that low, but not back above a rising 50-day average.
Calmer than 69% of stocks we rank over the past year (volatility 32% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of HDG.VN are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| HDG.VN | Ha Do Group Joint Stock Company(you) | $244M | 73 |
| DIG.VN | Development Investment Construction Joint Stock Corporation | $337M | 54 |
| SIP.VN | Sai Gon VRG Investment Corporation | $476M | 86 |
| DXS.VN | Dat Xanh Real Estate Services Joint Stock Company | $112M | 36 |
| NLG.VN | Nam Long Investment Corporation | $421M | 30 |
| PDR.VN | Phat Dat Real Estate Development Corporation | $449M | 21 |
| HDC.VN | Ba Ria - Vung Tau House Development Joint Stock Company | $116M | 17 |
| KDH.VN | Khang Dien House Trading and Investment Joint Stock Company | $690M | 23 |
| KHG.VN | Khai Hoan Land Group Joint Stock Company | $80M | 23 |
| VHM.VN | Vinhomes Joint Stock Company | $20.2B | 96 |
Peer medians: ROE 6.6% · P/E 20.0x · Gross margin 41.5%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.