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Equity Bottom-Up

Kinh Bac City Development Share Holding / Equity Bottom-Up

Kinh Bac Development Holding Corporation (HOSE: KBC) is one of the leading industrial park developers. The company possesses a huge land bank including 5,174 ha for industrial land and more than 1,100 ha for urban area development. It owns 7 major IPs in Bac Ninh, Hai Phong and HCMC as well as 7 IPs in associated with other parties. In the short term, land lots and villas sales are expected to bolster the company’s result. In the long term, the incoming leasable land of 689 ha from Nam Son Hap…

Kinh Bac Development Holding Corporation (HOSE: KBC) is one of the leading industrial park developers. The company possesses a huge land bank including 5,174 ha for industrial land and more than 1,100 ha for urban area development. It owns 7 major IPs in Bac Ninh, Hai Phong and HCMC as well as 7 IPs in associated with other parties. In the short term, land lots and villas sales are expected to bolster the company’s result. In the long term, the incoming leasable land of 689 ha from Nam Son Hap…

Viet Capital Securities Joint Stock Company

Luan Nguyen

Thematic (Sector/Industry)

Vietnam’ s monopolistic airport operator is poised to be listed on Upcom next week. According Ha Noi stock exchange, Airports Corporation of Vietnam (ACV) will be listed on the Upcom exchange by November 21, 2016. The listing reference price in the first trading day is VND25,000 per share, which implies a market cap of USD2.4 billion based on the 2,177,173,236 shares outstanding.

Vietnam’ s monopolistic airport operator is poised to be listed on Upcom next week. According Ha Noi stock exchange, Airports Corporation of Vietnam (ACV) will be listed on the Upcom exchange by November 21, 2016. The listing reference price in the first trading day is VND25,000 per share, which implies a market cap of USD2.4 billion based on the 2,177,173,236 shares outstanding.

Airports Corporation of Vietnam - Riding the Boom of Passenger Traffic Growth

Rubber prices have grown positively from early 2016, not yet showing signs of cooling down, arguably the most important factor that helped rubber exploitation businesses record such a period of victory. Accordingly, the two major rubber suppliers, Phuoc Hoa Rubber (PHR) and Dong Phu Rubber (DPR), generated such impressive results.

Rubber prices have grown positively from early 2016, not yet showing signs of cooling down, arguably the most important factor that helped rubber exploitation businesses record such a period of victory. Accordingly, the two major rubber suppliers, Phuoc Hoa Rubber (PHR) and Dong Phu Rubber (DPR), generated such impressive results.

Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

My previous insight outlines opportunities in Vietnam’s logistics industry in the north of Vietnam, and investors should also note the strong trends of growth in the south, primarily in Cat Lai Port.  The development of Lach Nguyen Port in northern Vietnam will also be a substantial boost for capacity in northern Vietnam.  Both the north and the south have been delivering double digit growth, which consequently makes this a significant area for value investing.

My previous insight outlines opportunities in Vietnam’s logistics industry in the north of Vietnam, and investors should also note the strong trends of growth in the south, primarily in Cat Lai Port.  The development of Lach Nguyen Port in northern Vietnam will also be a substantial boost for capacity in northern Vietnam.  Both the north and the south have been delivering double digit growth, which consequently makes this a significant area for value investing.

Vietnam's Logistics Industry: Expansion Amid Vietnam's Manufacturing Rise

This insight provides further insight on my maintained bullish stance for textile companies and industrial park operators, even with TPP ratification being uncertain.  Stocks in these areas are deeply discounted, have displayed a strong benchmark of financial growth in the past five years, and are strategic areas for value investing.  Vietnam's low cost manufacturing comparative advantage is still sustainable with or without the TPP.

This insight provides further insight on my maintained bullish stance for textile companies and industrial park operators, even with TPP ratification being uncertain.  Stocks in these areas are deeply discounted, have displayed a strong benchmark of financial growth in the past five years, and are strategic areas for value investing.  Vietnam's low cost manufacturing comparative advantage is still sustainable with or without the TPP.

Outlook for Textile Companies/Industrial Parks Amid Uncertainty of TPP Ratification

Vietnam

Kinh Bac City Development Share Holding Corporation operates in the construction and development 
industry. The Company constructs and trades in infrastructure of urban, commercial, and industrial 
areas. Kinh Bac also invests in real estate and manages the maintenance of infrastructure and 
construction of properties.

Kinh Bac City Development Share Holding (KBC VN)

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Kinh Bac City Development Share Holding (KBC VN)

KBC - Awaiting for a Breakthrough Year

Kinh Bac Development Holding Corporation (HOSE: KBC) is one of the leading industrial park developers. The company possesses a huge land bank...

Rong Viet Securities

Airports Corporation of Vietnam - Riding the Boom of Passenger Traffic Growth

Vietnam’ s monopolistic airport operator is poised to be listed on Upcom next week. According Ha Noi stock exchange, Airports Corporation of...

Luan Nguyen

Natural Rubber Industry as of Q3 2016

Rubber prices have grown positively from early 2016, not yet showing signs of cooling down, arguably the most important factor that helped rubber...

Luan Nguyen

Vietnam's Logistics Industry: Expansion Amid Vietnam's Manufacturing Rise

My previous insight outlines opportunities in Vietnam’s logistics industry in the north of Vietnam, and investors should also note the strong...

Nomadic Equity

Outlook for Textile Companies/Industrial Parks Amid Uncertainty of TPP Ratification

This insight provides further insight on my maintained bullish stance for textile companies and industrial park operators, even with TPP...

Nomadic Equity

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52-week Range

Market Cap (USDm)

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