Viet Capital Securities Joint Stock Company

Luan Nguyen

Independent Insight Provider

Equity Bottom-Up

<p>For the past period, NLG has excellently set its brand image and loyalty in customer perception to low-end and quality residence products. Those past projects gained success because of its acquisition of cheap clean land bank, and strong financial support from government for the real estate market.</p>

For the past period, NLG has excellently set its brand image and loyalty in customer perception to low-end and quality residence products. Those past projects gained success because of its acquisition of cheap clean land bank, and strong financial support from government for the real estate market.

NLG's Strategy of Moving to Middle Segment Is Paying Off

Frontier and emerging markets (Vietnam)

Dylan Waller

Nomadic Equity

Thematic (Sector/Industry)

<p>A strong weighting in listed real estate equity is ideal for a portfolio in Vietnam, as the country's rapidly increasing FDI has been strongly targeting this industry.  Valuation is very low for a large number of these companies, and financial growth during 2015 was stellar.  Some of the most strategic projects include residential projects outside of Ho Chi Minh City's central business district, as well as other developments in central and northern Vietnam.  Constructing a portfolio of listed equity to fully capture the trends of Vietnam's diverse growth in this area is ideal.   When noting these strong trends of growth, it is also significant to mention that this area also provides benefits for various manufacturing sectors in Vietnam, in areas such as plastic manufacturing, steel manufacturing, and tile manufacturing.  This factor should be noted when considering an appropriate weighting for this industry, which currently stands as the 2nd most favorable sector for foreign investment.</p>

A strong weighting in listed real estate equity is ideal for a portfolio in Vietnam, as the country's rapidly increasing FDI has been strongly targeting this industry.  Valuation is very low for a large number of these companies, and financial growth during 2015 was stellar.  Some of the most strategic projects include residential projects outside of Ho Chi Minh City's central business district, as well as other developments in central and northern Vietnam.  Constructing a portfolio of listed equity to fully capture the trends of Vietnam's diverse growth in this area is ideal.   When noting these strong trends of growth, it is also significant to mention that this area also provides benefits for various manufacturing sectors in Vietnam, in areas such as plastic manufacturing, steel manufacturing, and tile manufacturing.  This factor should be noted when considering an appropriate weighting for this industry, which currently stands as the 2nd most favorable sector for foreign investment.

Vietnam's Real Estate Industry Is on Fire

Vietnam

Phat Dat Real Estate Development Corporation develops and trades in real estate properties in Vietnam. Its projects include estate residences, apartment houses, tourism real estate, luxury resorts, hotels, penthouses, and high-rise commercial projects. The company has strategic partnership with Openasia Consulting Ltd. Phat Dat Real Estate Development Corporation was founded in 2004 and is based in Ho Chi Minh City, Vietnam.

Dat Xanh Group Joint Stock Company operates as a real estate development company. The Company develops and constructs trade centers, office buildings, apartments, resorts, villa, and hotels, as well as property management, brokerage, and leasing services. Dat Xanh Group serves customers in Vietnam.

Song Da Urban & Industrial zone Investment and Development Joint Stock Company develops real estate properties. It focuses on developing urban development projects and industrial parks. The company is based in Hanoi, Vietnam.

Sao Mai Group Corporation provides real estate development services. Sao Mai Group Corporation was formerly known as Sao Mai Construction Corporation. The company was founded in 1997 and is based in Long Xuyen, Vietnam.

Quoc Cuong Gia Lai Joint Stock Company engages in the real estate development business primarily in Vietnam. It develops apartments and townhouses, garden villas and cottages, offices, etc. The company also produces natural rubber; and operates hydropower projects. In addition, it supplies wood products comprising doors, kitchen cabinets, and furniture for apartments, villas, townhouses, etc. The company was founded in 1994 and is headquartered in Pleiku, Vietnam.

Sai Gon Thuong Tin Real Estate Joint Stock Company primarily engages in the real estate business in Vietnam. It trades in real estate properties; owns and leases land use rights and houses; invests and constructs infrastructure of industrial parks, as well as in urban areas; rents warehouses, factory, and office; provides financial services, consultancy, brokerage, property auction, and auction of land use rights; conducts market study and surveys public opinion; manufactures building materials; operates as an agent broker; and offers architecture and related technology consultancy services, as well as specialized design services. The company was founded in 2004 and is based in Ho Chi Minh City, Vietnam.

Hoang Quan Consulting Trading Service Real Estate Corporation provides real estate investment, marketing, and consulting services. Its real estate project portfolio includes houses, housing projects, industrial parks, and port projects. The company also engages in the construction of education projects, such as schools, colleges, and universities. In addition, the company provides financial investment consultancy services; capital contribution for M&A activities; and finance and securities investments. The company was founded in 2000 and is based in Ho Chi Minh City, Vietnam.

Novaland Investment Group Corporation operates as a real estate development and investment company. The Company provides urban, tourism, and industrial real estate development and management services. Novaland Investment Group serves customers in Vietnam.

Vingroup Joint Stock Company operates as a real estate development company. The Company develops apartments, malls, hotels and resorts, health care, educational, convention center, amusement parks, and entertainment properties. Vingroup serves customers worldwide.

Vincom Retail Joint Stock Company owns and develops shopping malls. The Company offers dining, apparel, gaming, theme park, and entertainment facilities. Vincom Retail serves customers in Vietnam.

MBK Public Company Limited operates property business.  The Company owns Mah Boon Krong Center building complex located in downtown Bangkok.  The complex consists of shopping malls, an office building and the Patumwan Princess Hotel. Through its subsidiaries, the Company mills and distributes rice, other grain products and operates power generation and distribution business.

PT MNC LAND Tbk engages in the development of integrated resorts, commercial properties, and property services. The Company owns and operates a full range of commercial properties in Jakarta, Surabaya and Bali. MNC LAND's integrated resorts include Lido Lake Resort in West Java, Bali Nirwana Resort in Bali, and Mandalika Eco-Tourism Resort in West Nusa Tenggara.

Keihanshin Building Co., Ltd. leases office buildings, computer and telecommunication equipped buildings, off-track-betting, and other commercial facilities.  The Company also provides building management services and undertakes construction works.

Suzhou New District Hi-Tech Industrial Co., Ltd. develops residential buildings and constructs utility, transportation, and communication facilities for Suzhou Hi-Tech Industrial Development Zone.  The Company also provides renovation and warehousing services and invests in other businesses.

Suzhou New District Hi Tech Ind Co. (600736 CH)

Beijing North Star Company Limited develops, leases, and invests in properties. The Company operates shopping centers, hotels, restaurants, and recreation businesses.  The Company also provides property management.

Amata Corporation Public Company Limited develops industrial estates primarily served for manufacturing plants and factories. The Company acquires land and develops essential infrastructure and facilities ready for industrialized operations. Ameta also has overseas investments in Vietnam.

Shui On Land Limited engages principally in the development, sale, leasing, management and ownership of residential, office, retail, entertainment and cultural properties in the PRC.

Zhejiang Sunriver Culture Co.,Ltd. provides services on cultural consultation, animation design, film and television planning, financial information consultation (excluding securities and futures), sports information consultation, education information consultation, software development, investment management, corporate  investment, asset management, and enterprise management.

Zhejiang Sunriver Culture Co., Ltd. (600576 CH)

Poly Property Group Co., Ltd. develops, invests in, and manages properties in China.  The Company develops mid- to high-end residential and commercial projects in first-tier and second-tier provincial capitals in Central and Southwestern China.

Suning Universal Co., Ltd engages in real estate development and invests in urban infrastructure, education and high-tech projects.  The company also involves in building material manufacturing, import & export trades, hotel operation and financial consulting.

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nam Long Investment (NLG VN)

NLG's Strategy of Moving to Middle Segment Is Paying Off

For the past period, NLG has excellently set its brand image and loyalty in customer perception to low-end and quality residence products. Those...

Luan Nguyen

Vietnam's Real Estate Industry Is on Fire

A strong weighting in listed real estate equity is ideal for a portfolio in Vietnam, as the country's rapidly increasing FDI has been strongly...

Nomadic Equity

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)