Real Estate Sector – Update – 20181025
- We attended the 3Q18 Savills update on the HCMC property market. The condo segment saw healthy sales volume and absorption rates in 9M2018.
- Although we expect mortgage rates to increase 50-100bp in 2019F, we project a stable residential market given the affordable mortgage payment-to-income ratio.
- We stay positive on KDH and NLG, with unchanged earnings forecasts for FY18-20F.
- This is premised on their solid reputations, focus on real demand for grade C properties, and attractive mortgage rates
Please follow this link for the full report
You Might Be Interested
Sector note
23
Domestic swine price increased 10.9% mom in May, reaching the highest level since the beginning of the year. We expect meat producers to record better results from FY23F regarding higher average swine price and lower input cost. We keep BAF…
Sector note
35
Most of listed infra construction companies recorded positive revenue growth in 1Q23 and but their net margin dropped yoy mainly due to a lack of one-off gained profit and higher interest expenses. Expectations of strong public investment disbursement and high…
Sector note
51
In 15 May 2023, the Power Development Plan 8 (PDP8) was officially approved, opening up a new chapter for Vietnam power sector. Under the strong energy transition scenario, large financial pressure to meet demand for power development. We see M&E…
VI
EN
JA
ZH
