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VRE – Non-rated note – 20181116

Company Note 16/11/2018    128

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  • VRE’s 9M18 net profit was comprised mostly of leasing revenue from new malls which opened in the last 12 months. Management expects total VRE leasing GFA to reach 2.1m sq m by 2020, up by 52% from current levels.
  • 9M18 net profit ticked up 15.3% yoy, fulfilling 68.6% of VRE’s fullyear target.

Market Price

Target Price

Dividend Yield

Rating

Sector

VND30,400

N/A

0.0%

N/A

REAL ESTATE

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