real estate
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The Income Disconnect
If you live in Vietnam or visit the country, particularly the major cities, have you ever wondered about the apparent level of disposable income relative to the reported average per capita income of US$ 2,200 per annum or less than US$ 200 per month. The average figures for Hanoi and HCMC are over US$ 5,000
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Vietnam Real Estate Giant Still Going Strong
August 30, 2016 VIC had an above expectation bottom line thanks to one-off financial income in Q2 FY2016, boosting NPAT more than 3 times y/y. Most segments outperformed expectations including the core residential segment. Although the Hotel & entertainment segment as introduced resorts continue to offer heavy discounts to attract customers.
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Invest in Vietnam: Looking For Low Valuation Stocks Part 2
July 08, 2016 In first half of 2016, Vietnam stock market moves in the same direction with oil prices. However, this does not necessarily mean Oil & gas stocks are the only market leaders as the market capitalization of these stocks are no longer as high as in previous years.
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Brexit: What are the Consequences for Asia Pacific?
June 28, 2016 On 23 June 2016, the United Kingdom (UK) voted to leave the European Union (EU). While the processes and timescale for the country’s withdrawal are still uncertain, the move will have numerous implications for economies and real estate markets in Asia Pacific.
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Invest in Vietnam: Your Updates On Enthusiasm & Profit Taking
May 13, 2016 Between enthusiasm and profit-taking Since the beginning of the year, the circumstance of Vietnam’s stock market has changed dramatically. Concerns over external forces such as exchange rates, USD interest rates, trade relations with China
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Dat Xanh Continues to Look Promising
May 12, 2016 DXG released mixed Q1 result showing strong sales growth of 84% y/y to VND315 billion while NPATMI dropped by 19.7% y/y to VND29.4 billion.
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Invest in Vietnam: How You Can Play The Distribution Phase
May 05, 2016 The market came into a distribution phase so good investment opportunities in March were just from some specific stock groups. Both VNIndex and HNX-Index showed strong signals of distributing after peaking in the mid of March.
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Dat Xanh Group’s Acquired Real Estate Assets Looks to be Next Goldmine
March 25, 2016 DXG released above target numbers on very strong revenues from all three core businesses. GPM however fell on a deterioration in product mix and as the divisional margins in the already lower margin construction and development segments fell further. DXG was very active to acquire projects from failing developers at reasonable cost and so expanded their land bank as a result.
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VINGROUP Sowing the Seeds for Sustained Growth
VIC announced mixed FY2015 unaudited consolidated results with an above expectation topline of VND33.8 trillion (+22.0% y/y) even as the bottom line undershot by 62% y/y. SG&A increased given a slew of new product launches and rapid expansion in certain segments including retail. Revenue structure tilting more towards recurring income when residential segment has started new investment cycle which we expect the harvest stage will fall in FY2017.
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CBRE Real Estate Outlook – Part 2 (Economic Outlook + Office Sector)
February 29, 2016 OFFICE SECTOR HO CHI MINH CITY Office market is waiting for next wave of high-quality supply In 2015, the market welcomed only one new Grade A office building coming into operation: the Vietcombank Tower. It has been five years since the city welcomed the previous large scale office building Vincom Center, with
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CBRE Real Estate Outlook – Part 1 (Economic Outlook + Retail Sector)
February 23, 2016 ECONOMIC OUTLOOK Vietnam has recorded constant high real GDP growth since 2007 despite the period of economic downturn in 2008-2012, with an average real GDP annual growth of 6.15%. The structure of Vietnam’s GDP is shifting towards manufacturing, construction and services while the contributions from agriculture, forestry and fishery are getting smaller.
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VIC [BUY +30%] –Residential sales delivering on lofty expectations
September 15, 2015 Vingroup (VIC), Real estate & consumer retail * VIC remains our favourite to play Vietnam’s property market recovery thanks to its sustainable advantages to succeed in the high-end segment. * 7M15 residential sales exceed our expectation, reaching VND 30.6t vs VND 16.4t in the whole FY14 and our full-year forecast of VND
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DXG [BUY +27.3%] – Stellar 1H15 and New Project Acquisitions Boost Prospects
September 8, 2015. Dat Xanh Group (DXG), Real Estate broker and developer Net revenue grew by 82% and NPAT (after minority interest) grew by 191% in 1H15 versus same period last year to reach VND384 billion and VND153 billion, respectively thanks to outstanding brokerage growth and extraordinary income from 2 new project acquisitions at under
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Two Stocks to Buy in Vietnam
October 8, 2015. For those investing or looking to invest in the Ho Chi Minh City Stock Exchange, analysts from Barron’s Asia are recommending 2 stocks. Vingroup JSC (VIC.VN), Vietnam’s largest real estate developer, develops a combination of residential and commercial properties that totals to almost 8,100 hectares. China’s manufacturing boom led to a housing
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