SIP [BUY +37.5%] - IP Land Sales to Rebound; Recurring Income to Drive Steady Growth
We maintain our BUY rating for SIP while cutting our target price by 6% to VND69,800/share, mainly due to lower 2025–28F IP land sales forecast...
SAIGON VRG INVESTMENT CORP (SIP) - Leverage from Large-Scale Land Bank and Growing Cash Flow
We have made an initial valuation for SIP stock. In our conservative view, the current share price does not fully reflect the long-term growth...
SIP [BUY +34.7%] - Recurring income growth to drive earnings stability - Update
We cut our target price (TP) for SIP by 17% to VND85,000/share but upgrade our rating to BUY from OUTPERFORM as SIP’s share price has declined ~27%...
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