External broker reports(aggregated public sources), Mirae Asset Securities

Mirae Asset Securities

External broker reports(aggregated public sources)

Mirae Asset Securities Co.,Ltd. provides comprehensive wealth management services. The Company offers fixed income securities brokerage, securities dealing, equity underwriting, and other services. Mirae Asset Securities also deals with mergers and acquisitions, foreign currency, and financial derivatives

Equity Bottom-Up

<ul><li>Nam Long Investment Corporation (NLG) reported FY23 revenue of VND3,181n (-27% YoY) and NPAT of the parent of VN484bn (-12% YoY), with condominium units from Akari accounting for the majority of the revenue (91%).</li><li>In 1Q24, the company reported revenue of VND204bn (-13% YoY) and NPAT of -VND77bn (- 1,200% YoY).</li><li>We forecast presales at approximately VND5,000bn–6,000bn, equal to 55%–65% of the company’s presales plan, thanks to a varied landbank that includes products that range from affordable to high–end and luxury. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Nam Long Investment Corporation (NLG) reported FY23 revenue of VND3,181n (-27% YoY) and NPAT of the parent of VN484bn (-12% YoY), with condominium units from Akari accounting for the majority of the revenue (91%).In 1Q24, the company reported revenue of VND204bn (-13% YoY) and NPAT of -VND77bn (- 1,200% YoY).We forecast presales at approximately VND5,000bn–6,000bn, equal to 55%–65% of the company’s presales plan, thanks to a varied landbank that includes products that range from affordable to high–end and luxury. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nam Long Investment Corporation - Build on Trust

External broker reports(aggregated public sources), Rong Viet Securities

Rong Viet Securities

RongViet is proud to have a research team of experienced and trustworthy people whose works are at all time governed by the codes of objectivity, integrity and client's best interest.

Looking at relevant, up-to-date information from multiple perspectives with the support of intensive data and analyses, RongViet's research is effective, practical and widely used for investing purposes.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>In 1Q2023, NLG had revenue of VND 231bn from real estate products (USD 8.3mn, - 60% YoY), reflecting the difficulty of the market.</li><li>The revenue breakdown included VND 30bn from the handover of  12 units in Akari - FLora; VND 13bn from the handover of Southgate project;</li><li>VND 11bn from other projects (Flora Novia) and VND 67bn from other services (including service charge, rental fees). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In 1Q2023, NLG had revenue of VND 231bn from real estate products (USD 8.3mn, - 60% YoY), reflecting the difficulty of the market.The revenue breakdown included VND 30bn from the handover of  12 units in Akari - FLora; VND 13bn from the handover of Southgate project;VND 11bn from other projects (Flora Novia) and VND 67bn from other services (including service charge, rental fees). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

NLG - Being Patient: Preceding the Recovery

<ul><li>Nam Long Investment Corporation (NLG) reported 9M23 revenue of VND1,545n (-43% YoY) and NPAT of the parent of VN193bn (+62.7% YoY).</li><li>The majority of reported revenue came from the handover of Waterpoint, at a value of VND1,051bn (100 units), with the remainder coming from Akari, at VND55bn (20 units), and other revenue of VND238bn.</li><li>Despite the steep drop in revenue, NPAT was well–managed, thanks to the following:</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Nam Long Investment Corporation (NLG) reported 9M23 revenue of VND1,545n (-43% YoY) and NPAT of the parent of VN193bn (+62.7% YoY).The majority of reported revenue came from the handover of Waterpoint, at a value of VND1,051bn (100 units), with the remainder coming from Akari, at VND55bn (20 units), and other revenue of VND238bn.Despite the steep drop in revenue, NPAT was well–managed, thanks to the following:Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nam Long Investment Corporation (NLG VN Equity - Hold) - Pre-Sales Picked Up

<ul><li>In Q2023, NLG had revenue of VND 231 bn form real estate products (USD 8.3mn, - 60% YoY), reflecting the difficulty in the market.</li><li>The revenue's breakdown included VND 30bn from the handover of Southgate project; VND 11bn from other projects (Flora Novia) and VND 67bn from other services (including service charge, rental fees).</li><li>The company's NPAT came in at VND 16bn (-51% YoY). NLG has recognized a net loss of VND 19 bn in EBIT, but offset by profit from associates,  with VND 78bn from Mizuki Park (handing over 413 apartments in blocks MP6-7-8).</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

In Q2023, NLG had revenue of VND 231 bn form real estate products (USD 8.3mn, - 60% YoY), reflecting the difficulty in the market.The revenue's breakdown included VND 30bn from the handover of Southgate project; VND 11bn from other projects (Flora Novia) and VND 67bn from other services (including service charge, rental fees).The company's NPAT came in at VND 16bn (-51% YoY). NLG has recognized a net loss of VND 19 bn in EBIT, but offset by profit from associates,  with VND 78bn from Mizuki Park (handing over 413 apartments in blocks MP6-7-8).Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Nam Long Investment Corporation (NLG) reported 1H23 revenue of VND1,188n (-35% YoY) and NPAT of the parent of VN127bn (+15% YoY).</li><li>The majority of reported revenue came from the handover of Waterpoint, at a value of VND931bn (88 units).</li><li>Although reported revenue fell quite significantly, NPAT advanced slightly, thanks to the higher gross margin (from 44% to 61% YoY) of Waterpoint’s townhouse and villa products. </li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Nam Long Investment Corporation (NLG) reported 1H23 revenue of VND1,188n (-35% YoY) and NPAT of the parent of VN127bn (+15% YoY).The majority of reported revenue came from the handover of Waterpoint, at a value of VND931bn (88 units).Although reported revenue fell quite significantly, NPAT advanced slightly, thanks to the higher gross margin (from 44% to 61% YoY) of Waterpoint’s townhouse and villa products. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Nam Long Investment Corporation (NLG VN / Hold) - Pre-Sales Remained Challenging

Vietnam

Nam Long Investment Corporation is a Vietnamese real estate developer specializing in residential projects, including urban areas, apartments, villas, and townhouses. The company also engages in civil and industrial construction, housing renovation, and real estate management and brokerage services. Founded in 1992, its headquarters are in Ho Chi Minh City, Vietnam.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00