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

Mirae Asset Securities

Leading full-service brokerage firm in Vietnam. 

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>New IP rental areas expected to reach 90 ha in FY23 and recognize previous contracts of 34 ha (thanks to IPs in the South): The PM2 &amp; PM2E IPs will be still the key drivers, combined with potential revenue from the Huu Thanh IP (around 28 ha – estimated to include VND870bn in signed MOUs in late-2022).</li><li>Furthermore, during 4Q22, sales of the Industrial Park (IP) segment generated only VND144bn in revenue, marking a decrease of 3.5% YoY and 86% QoQ.</li><li>Meanwhile, IDC recorded more than VND500bn in unearned revenue on its balance sheet, primarily from the PM2E IP and Huu Thanh IP.</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>

New IP rental areas expected to reach 90 ha in FY23 and recognize previous contracts of 34 ha (thanks to IPs in the South): The PM2 &amp; PM2E IPs will be still the key drivers, combined with potential revenue from the Huu Thanh IP (around 28 ha – estimated to include VND870bn in signed MOUs in late-2022).Furthermore, during 4Q22, sales of the Industrial Park (IP) segment generated only VND144bn in revenue, marking a decrease of 3.5% YoY and 86% QoQ.Meanwhile, IDC recorded more than VND500bn in unearned revenue on its balance sheet, primarily from the PM2E IP and Huu Thanh IP.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.

IDICO Corporation - JSC - Update - Maintaining Inner Strengths