PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION IR NEWSLETTER
April 2024
1
1
Content
Section 1. Social and economic landscapes
Page 2
Section 2. Market overview
Page 4
Section 3. Phat Dat's news
Page 7
PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION | IR NEWSLETTER - APRIL 2024 │ Page 1 |
SECTION 1. SOCIAL AND ECONOMIC
LANDSCAPES
Economic indicators
IR NEWSLETTER - APRIL | 2024 | │ Page | ||
PHATCÔNGDATTY CỔREALPHẦNESTATEPHÁT DEVELOPMENTTRIỂN BẤT ĐỘNGCORPORATIONSẢN PHÁT ĐẠT | IR | IL | │ Page | |
BẢN TIN NHÀ ĐẦU TƯ THÁNG 1/2024 │ Trang2 |
ECONOMIC INDICATORS
The economy continues to maintain positive development momentum in all three sectors: agriculture, industry, and services. Accordingly, key pillars such as
exports, imports, manufacturing, FDI, etc., have all experienced healthy growth.
Consumer price Index (CPI) rebounded from its low base in 2023
On average for the first four months of 2024, CPI increased by
Exchange rate posed great pressure in April
8.00%
6.00%
3.93% YoY, with core inflation rising by 2.81%
USD/VND exchange rate
26,000 | VCB's selling price | |
4.00%
2.00%
0.00% | |||
-2.00% | CPI | Core CPI | Housing and |
construction materials | |||
-4.00% |
PMI - the number of orders increased strongly in April
PMI rose to 50.3 in April 2024 from 49.9 in March.
25,500 | Central exchange rate |
Free market's |
25,000 | exchange rate |
24,500 |
24,000
23,500
23,000
22,500
Source: S&P Global PMI
This marks the third consecutive growth period since the beginning of the year,
with the fastest growth rate since August 2022
As of April 26, 2024, the USD/VND exchange rate is trading at 25,453 (VCB selling), depreciating by 4.6% against the USD since the beginning of the year.
Data collected from April 11 to April 22, 2024
PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION
IR NEWSLETTER - APRIL 2024 │ Page 3
SECTION 2. MARKET OVERVIEW
Real estate market
Stock market
PHATCÔNGDATTY CỔREALPHẦNESTATEPHÁT DEVELOPMENTTRIỂN BẤT ĐỘNGCORPORATIONSẢN PHÁT ĐẠT | IR NEWSLETTER - APRIL | 2024 | │ Page |
IR | IL | │ Page4 |
REAL ESTATE MARKET
Real estate transactions continued to recover
According to DKRA:
- In April, new apartment supply surged, marking a 3.8-fold increase from the previous month and a 2.8-fold increase compared to April 2023.
- The absorption rate hit around 51%, with transactions mainly in projects with completed legal procedures and rapid construction, fostering buyer confidence.
- To boost market demand, developers are extensively implementing policies like early payment discounts, extended payment terms, and promotional gifts.
Foreign capital inflows into real estate surge
- According to the General Statistics Office, in the first 4 months of this year, FDI capital registered in the real estate business reached $1.6 billion, a four-timeincrease YoY.
- According to Cushman & Wakefield's forecast, there will be a large amount of foreign capital poured into the Vietnamese real estate market in 2024 - 2026. This institution regards Vietnam as an emerging market for lucrative investments.
New supply | |||||||
projects | |||||||
units | |||||||
01 new project | |||||||
2.8 times YoY | |||||||
06 new phases of existing projects | |||||||
New take-ups | ||||||||
Absorption rate | ||||||||
units | ||||||||
1.7 times YoY | ||||||||
New supply and take-up by months
Unit: apartment
Supply | Take-up |
(Read more). | Source: Residential real estate market report |
Signs of real estate market recovery are becoming more evident. | for HCMC & nearby areas in Q4/2024. |
PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION | IR NEWSLETTER - APRIL 2024 │ Page 5 |
STOCK MARKET
As of April 26, 2024
PDR HOSE | |||
Beta | 1.47 | ||
26,450 VND | EPS | 1,024 | |
BVPS | 12,957 | ||
P/E | 25.83 | ||
P/B | 2.07 | ||
52-week highest (VND/share) | 32,950 | ||
52-week lowest (VND/share) | 11,600 | ||
52-week average volume (million shares) | 12.83 | ||
Outstanding shares (million shares) | 738.81 | ||
VN-Index declined by 5.81% in April after reaching its peak.
11,351
Average trading volume in April
(million shares/day)
8.61% 19,541 45%
Foreign ownership | Market capitalization | Free float |
(billion VND)
PDR still outperformed VN-Index
70,000 | Total trading volume |
60,000 | VN-Index |
50,000 | |
40,000 | |
30,000 |
20,000
10,000
0
PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION
1,350
1,300
1,250
1,205
1,200
1,150
1,100
1,050
1,000
950
900
8
PDR
VN - Index
Chỉ số ngà nh Bất động sản
94.5%
20.1%
3.1%
IR NEWSLETTER - APRIL 2024 │ Page 6
SECTION 3. PHAT DAT'S NEWS
PDR's partner - Realty Holdings
The cooperation with Realty Holdings
IR NEWSLETTER - APRIL | 2024 | │ Page | ||
PHATCÔNGDATTY CỔREALPHẦNESTATEPHÁT DEVELOPMENTTRIỂN BẤT ĐỘNGCORPORATIONSẢN PHÁT ĐẠT | IR | IL | │ Page | |
BẢN TIN NHÀ ĐẦU TƯ THÁNG 1/2024 │ Trang7 |
PDR'S PARTNER - REALTY HOLDINGS
Business capabilities
- Realty Holdings has established an extensive sales network, positioned to act as the master agent for medium to large-scale real estate projects by utilizing an efficient wholesale strategy. Additionally, it places emphasis on real estate services such as market research, project development consultancy, marketing and sales.
- Each project initiated by Realty Holdings is backed by a firm dedication to quality, comprehensive sales plans, team development, and innovative technological integration to gain a competitive edge.
The leadership
A vision to become the leading real estate business in Vietnam by offering comprehensive commercial solutions by 2030.
Realty Holdings is led by an experienced and dynamic leadership team, including Board Chairwoman Dang Thuy Duong, Board Vice Chairman Nguyen Tra Giang, CEO Nguyen Thanh Tam, and CMO Doan Ai Vy, all experienced veterans in the real estate market who have held strategic positions in domestic and international enterprises such as Unilever, Pfizer, Ernst & Young, Phu My Hung, Vingroup, Novaland, Bamboo Capital Group, and Khai Hoan Land.
With strong financial resources, business capabilities, and a high-quality workforce, the cooperation between Realty Holdings and Phat Dat will open a new chapter in delivering real estate products of high value and quality to customers.
PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION | IR NEWSLETTER - APRIL 2024 │ Page 8 |
THE COOPERATION WITH REALTY HOLDINGS
Thuan An 1 & 2 High-rise Residential complex in Binh Duong
Bac Ha Thanh Residential Area in combination with urban gentrification in Binh Dinh
Thanks to its strong financial capacity and effective implementation capabilities, Realty Holdings will become the wholesaler
of PDR's two key projects. The cooperation signing ceremony is scheduled for May 12, 2024, and will be updated on Phat Dat's website.
PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION | IR NEWSLETTER - APRIL 2024 │ Page 9 |
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Disclaimer
Phat Dat Real Estate Development Corp. published this content on 16 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2024 07:53:05 UTC.
