Property Devt & Invt: Stay tuned for re-ratings in 2021F – Update
- Upgrade to Overweight from Neutral amid a broad-based recovery of the economy and loosening of regulatory bottlenecks in 2021.
- We expect a strong recovery in transaction volume on the back of recent increases in new supply and solid housing demand with high take-up rates.
- Our top picks are VHM, NLG and KDH.
Please follow this link for the full report
You Might Be Interested
Sector note
53
Banks still recorded robust profitability in 1Q22 given strong credit growth, robust fee incomes and well-controlled credit cost. We believe the recent market sharp correction has brought banking sector back to buy territory with intact outlook over FY22-23F. Top pick…
Sector note
52
Feed costs have been accelerating following the Russia–Ukraine conflict, weighing on local meat producers. In 1Q22, live hog price improved 18.6% qoq but decreased by 30.7% yoy. We maintain our Neutral rating on the sector. Meat producers struggled in 1Q22…
Sector note
42
There are some signals that Block B field development project to be awarded FID (Final Investment Decision) in July 2022, setting a premise for this project chain to kick-off. Block B – O Mon chain will be a great growth…
VI
EN
JA
ZH
