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)

Thematic (Sector/Industry)

Vietnam Real estate / Thematic (Sector/Industry)

<ul><li>For VIC, we raise our 2025/26/27F PBT forecasts by 38%/21%/24% due to stronger anticipated property sales.</li><li>For VHM, we lift our 2025/26/27F NPAT-MI forecasts by 10%/12%/15%, mainly driven by a more positive presales outlook for Green Paradise.</li><li>We raise VHM’s aggregate 2025– 27F presales forecast by 31% on our projections for faster presales at Green Paradise and Apollo City, as well as an earlier projected launch of Phuoc Vinh Tay in 2027F. </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>

For VIC, we raise our 2025/26/27F PBT forecasts by 38%/21%/24% due to stronger anticipated property sales.For VHM, we lift our 2025/26/27F NPAT-MI forecasts by 10%/12%/15%, mainly driven by a more positive presales outlook for Green Paradise.We raise VHM’s aggregate 2025– 27F presales forecast by 31% on our projections for faster presales at Green Paradise and Apollo City, as well as an earlier projected launch of Phuoc Vinh Tay in 2027F. 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.

VIC, VHM, VRE - Strong Property Profit; Steady EV Deliveries...