External broker reports(aggregated public sources), Vietcap

Vietcap

We specialize in consulting both individual and institutional clients, providing them with effective financial solutions that are tailored to their specific needs.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>We maintain our OUTPERFORM rating for DXG and raise our target price (TP) by 24% to VND18,600/share, mainly due to (1) our rescheduled presales timeline for The Privé, now projected to be completed in 2025–28F compared to the previous projection of 2025–29F</li><li>(2) a higher valuation for the brokerage segment (see details in our DXS Update Report, dated June 5, 2025), and</li><li>(3) rolling our TP horizon forward to mid-2026.</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>

We maintain our OUTPERFORM rating for DXG and raise our target price (TP) by 24% to VND18,600/share, mainly due to (1) our rescheduled presales timeline for The Privé, now projected to be completed in 2025–28F compared to the previous projection of 2025–29F(2) a higher valuation for the brokerage segment (see details in our DXS Update Report, dated June 5, 2025), and(3) rolling our TP horizon forward to mid-2026.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.

Dat Xanh Group (DXG) - Presales to Recover with Relaunches OfThe Privé, Gem Sky World