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

Mirae Asset Securities

External broker reports(aggregated public sources)

Leading full-service brokerage firm in Vietnam. 

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.

Equity Bottom-Up

<ul><li>Nam Long Investment Corporation (NLG) reported 3Q24 revenue of VND370n (+4% YoY) and NPAToTP of -VND52bn (-179% YoY).</li><li>This brought 9M24 revenue to VND827 (-46% YoY) and NPAToTP to VND16bn (-92% YoY), achieving 12% and 3% of fiscal year targets, respectively. </li><li>NLG began the handover of Akari Phase 2 on October 27, with 1,707 units ready to deliver. </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 3Q24 revenue of VND370n (+4% YoY) and NPAToTP of -VND52bn (-179% YoY).This brought 9M24 revenue to VND827 (-46% YoY) and NPAToTP to VND16bn (-92% YoY), achieving 12% and 3% of fiscal year targets, respectively. NLG began the handover of Akari Phase 2 on October 27, with 1,707 units ready to deliver. 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) - 9M24 Earnings Update

<ul><li>Nam Long Investment Corporation (NLG) reported 1HY24 revenue of VND456n (- 61.5% YoY) and NPAT of the parent of VN68bn (-47% YoY), with villas and condominium units from Southgate accounting for the majority of revenue (59%).</li><li>Notably, after a prolonged period of time, NLG has completed the transfer of a 25% stake in Paragon Dai Phuoc to Nishi Nippon, thus reporting financial income of VND230bn.</li><li>In addition, Mizuki continued contributing earnings to the company, with VND67bn (-41% YoY) in 1H24. </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 1HY24 revenue of VND456n (- 61.5% YoY) and NPAT of the parent of VN68bn (-47% YoY), with villas and condominium units from Southgate accounting for the majority of revenue (59%).Notably, after a prolonged period of time, NLG has completed the transfer of a 25% stake in Paragon Dai Phuoc to Nishi Nippon, thus reporting financial income of VND230bn.In addition, Mizuki continued contributing earnings to the company, with VND67bn (-41% YoY) in 1H24. 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 - 1H24 Earnings Update

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

Rong Viet Securities

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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; VND134bn from the handover of the 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% bn YoY) in 1Q23 and the NPAT-MI was VND 7BN (+980% YoY).</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; VND134bn from the handover of the 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% bn YoY) in 1Q23 and the NPAT-MI was VND 7BN (+980% YoY).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 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

<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.

Vietnam

Nam Long Investment Corp operates in the real estate investment and development industry. The Company offers apartment buildings, villas, resorts, office buildings, and more. Name Long Investment serves customers throughout the Country of Vietnam.

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Nam Long Investment (NLG VN)

Nam Long Investment Corporation (NLG VN Equity - Hold) - 9M24 Earnings Update

Nam Long Investment Corporation (NLG) reported 3Q24 revenue of VND370n (+4% YoY) and NPAToTP of -VND52bn (-179% YoY). This brought 9M24 revenue to...

Mirae Asset Securities

Nam Long Investment Corporation - 1H24 Earnings Update

Please change this text!Nam Long Investment Corporation (NLG) reported 1HY24 revenue of VND456n (- 61.5% YoY) and NPAT of the parent of VN68bn (...

Mirae Asset Securities

NLG - Being Patient: Preceding the Recovery

In 1Q2023, NLG had revenue of VND 231bn from real estate products (USD 8.3mn, -60% YoY), reflecting the difficulty of the market.

Rong Viet Securities

Nam Long Investment Corporation - Build on Trust

Nam Long Investment Corporation (NLG) reported FY23 revenue of VND3,181n (-27% YoY) and NPAT of the parent of VN484bn (-12% YoY)

Mirae Asset Securities

NLG - Being Patient: Preceding the Recovery

In 1Q2023, NLG had revenue of VND 231bn from real estate products (USD 8.3mn, - 60% YoY), reflecting the difficulty of the market.

Rong Viet Securities

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