Earnings Alerts

Vinhomes (VHM) Earnings: 2Q Net Income Rises 11% Y/Y to 10.8T Dong Despite Revenue Decline

  • Vinhomes reported a net income of 10.8 trillion dong for the second quarter of 2024, an increase of 11% year-over-year (y/y).
  • Second quarter revenue was 28.2 trillion dong, which is a decrease of 13% y/y.
  • For the first half of 2024, Vinhomes’ revenue was 36.4 trillion dong, showing a decline of 41% y/y.
  • The net income for the first half of 2024 stood at 11.7 trillion dong, down by 46% y/y.
  • Earnings per share (EPS) for the second quarter were 2,477 dong, compared to 2,225 dong during the same period last year.
  • Analyst ratings for Vinhomes include 16 buys, 1 hold, and 0 sells.

Vinhomes on Smartkarma

Analyst coverage of Vinhomes on Smartkarma reveals insights from Brian Freitas, a prominent analyst. In his recent report titled “MarketVector Vietnam Local Index Rebalance: Two Adds and Other Changes,” Freitas mentions the addition of Viettel Construction and EVN Finance to the index on 21 June. This move is expected to result in a substantial one-way trade of US$27m, with Vinhomes being one of the stocks identified for potential investment along with Bank for Foreign Trade of Vietnam and Vingroup Jsc.

Freitas, known for his bullish lean on market trends, highlights the attractive opportunities in Vinhomes and other selected stocks for passive investors. With significant buying potential identified in Vinhomes, this analysis provides valuable insights for investors looking to capitalize on the evolving market dynamics in Vietnam’s real estate sector and beyond.


A look at Vinhomes Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Vinhomes shows a promising long-term outlook. With strong scores in Value, Resilience, and Growth, the company is positioned well for the future. The high Value score suggests that Vinhomes is currently undervalued in the market, potentially offering investors a good opportunity. Its Resilience score indicates that the company has shown stability and adaptability in challenging market conditions. Additionally, the Growth score hints at potential expansion and profitability in the coming years. While the Dividend and Momentum scores are lower, the overall positive outlook indicates that Vinhomes may be a solid investment for those seeking long-term growth.

Vinhomes Joint Stock Company, a real estate services provider in Vietnam, has garnered favorable Smartkarma Smart Scores across different categories. Specializing in the sale and leasing of residential complexes and apartments, Vinhomes also offers personalized services, community-building activities, and various facilities to its customers. With a strong emphasis on Value, Resilience, and Growth according to the scores, Vinhomes appears to be a company with solid fundamentals and growth potential in the real estate market. Despite lower scores in Dividend and Momentum, Vinhomes’ overall outlook remains positive, making it an interesting prospect for investors eyeing long-term gains.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars