VRE – Non-rated note – 20181116
- 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.
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Market Price
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Target Price
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Dividend Yield
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Rating
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Sector
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VND30,400
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N/A
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0.0%
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N/A
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REAL ESTATE
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