Property Devt & Invt: Yet to recover – Update
- Ho Chi Minh City (HCMC) residential market (RE) was sluggish in 2019 with new condo supply falling 13.3% yoy and sales volume contracting 3.9% yoy.
- Hanoi residential market saw new condo supply hitting a five-year high, rising 21.9% yoy to 36,356 units.
- Maintain sector Neutral as slow regulatory process and tightening credit to property would hinder market growth in FY20F.
Please follow this link for the full report
You Might Be Interested
Sector note
23
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
114
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
230
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…