Property Devt & Invt: Stay tuned for re-ratings in 2021F – Update
- In 4Q20, residential market saw a significant recovery in new supply and transaction volumes in both Ho Chi Minh City (HCMC) and Hanoi.
- We expect the residential market to recover in 2021F, given a broadbased recovery of the economy and loosening of regulatory bottlenecks.
- Our top picks are VHM, NLG and KDH.
Please follow this link for the full report
You Might Be Interested
Sector note
15
Sales activities might speed up while land bank acquisition activities will slow down, altogether to cool down the prices in the rest of 2022, in our view. We see increasing headwinds weighing on sector outlook, including: 1) rising interest rate…
Sector note
110
Crude oil prices have grown more unpredictable under the mixed impact of geopolitical crisis, global macro growth and supply chain vulnerabilities. We see increasing investment downside risks on O&G stocks following the oil price volatility and overpricing valuation. Time to…
Sector note
215
4Q21 aggregated earnings of listed T&G companies soared 53.0% yoy, bringing FY21 earning to grow 57.4% yoy. We expect Vietnam yarn producers are the biggest beneficiaries of US-China trade tension. Our top picks are STK and MSH. Earnings growth to…