External broker reports(aggregated public sources), Vietcap

Vietcap

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External broker reports(aggregated public sources)

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<ul><li>We raise our target price (TP) for GEX by 9% and maintain our BUY rating.</li><li>Our higher valuation is mainly due to(1) a +18% electrical equipment valuation (+13% for GEE’s NPAT-MI projection and higher target P/E), (2) including the Dong Nai residential project/Gia Binh airport, and</li><li>(3) positive impacts from rolling our TP horizon toward mid-2027. These outweigh (4) Hai Phong residential’s -34% valuation (lower stake),</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 raise our target price (TP) for GEX by 9% and maintain our BUY rating.Our higher valuation is mainly due to(1) a +18% electrical equipment valuation (+13% for GEE’s NPAT-MI projection and higher target P/E), (2) including the Dong Nai residential project/Gia Binh airport, and(3) positive impacts from rolling our TP horizon toward mid-2027. These outweigh (4) Hai Phong residential’s -34% valuation (lower stake),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.

GEX [BUY +34.9%] - Strong GEE/VGC Core Earnings, Residential Land Bank Buildup - Update

Gelex Group

GEX [BUY +34.9%] - Strong GEE/VGC Core Earnings, Residential Land Bank Buildup - Update