PHAT DAT REAL ESTATE DEVELOPMENT CORPORATION IR NEWSLETTER
QUARTER II - 2021
Astral CGI
CONTENT
Page
HIGHLIGHTS04
MARKET OVERVIEW | 06 |
Apartment market in HCMC and nearby provinces | 06 |
Industrial real estate market in southern provinces | 06 |
Land lot market in nearby provinces | 07 |
Market outlook in 3Q2021 | 07 |
BUSINESS PERFORMANCE | 12 |
Real estate inventory structure | 13 |
PROJECT INFORMATION | 14 |
Featured projects | 14 |
On-going projects | 16 |
IR ACTIVITIES | 08 | FEATURED EVENTS | 22 | |
Information about shares | 08 | External activities | 22 | |
Main stock price movements in 2Q2021 | 09 | Internal activities | 22 | |
Financial overview | 10 | Corporate social responsibility activities | 23 | |
Corporate activities | 11 |
HIGHLIGHT OF 2Q2021
01.
Phat Dat has completed 03 share dividends for 2020 with
A TOTAL RATIO OF
28,7%
In late April 2021, Phat Dat paid the third share dividends for 2020 to shareholders at an 11.7% ratio. Thus, the Company has completed 03 share dividends for 2020 with a total ratio of 28.7%. This affirms the BOD and BOM's efforts to fulfill the commitment to bring the highest benefits to shareholders.
03.
Phat Dat's market capitalization exceeds
2USD
BILLION
Along with impressive business results, the first half of 2021 also witnessed a spectacular breakthrough of PDR. Closing the 25th June 2021's trading session, PDR's stock price reached 95,000 VND/share (+125% YTD), pushing the Company's market capitalization to over USD 2 billion (more than 2 times higher than that of early 2021).
05.
Phat Dat's total debts went lower than
VND
1.260
BILLION
The strong business growth and effective capital allocation have helped Phat Dat continuously settle loans on time or before due. As of 10th July 2021, Phat Dat's total debt went lower than VND 1,260 billion, while equity reached nearly VND 7,100 billion. The debt-to-equity (D/E) ratio at 17.7% is well below the average 77.2% D/E of same-scale businesses in the real estate industry, which shows its low financial leverage and that
07.
Phat Dat has promply contributed to the "hotspots" more than
VND
15,7
BILLION for Covid-19prevention and control
PDR has contributed a total value of more than VND 15.7 billion, both in-kind donations to purchase modern medical equipment, aiding the Covid-19 prevention and control in Binh Duong, Tra Vinh, Dong Thap. etc., and cash donations to support the frontline forces and the people affected by the disease in localities such as Ho Chi Minh City, Ba Ria - Vung Tau, Da Nang, Quang Ngai, Binh Dinh, etc.
there is great room for increasing debt to finance
08.
PDR continues to affirm its position in the industry with
02.
In 2Q2021, Phat Dat continued to record strong business results with the 1H2021's
projects with high profitability and stable cash flow in the coming time.
Phat Dat a rms its position by
prestigious awards such as TOP
10 MOST REPUTABLE PROPERTY DEVELOPERS 2021,
Phat Dat enters Top 5 most profitable real estate enterprises in 1H2021
accumulated revenue at VND 1,123.8 billion, pre-tax profit at VND 637 billion (+82% YoY), and profit after tax at VND 502 billion (+80% YoY). This positive growth momentum also enables Phat Dat to enter Top 5 most profitable listed real estate enterprises in the first half of 2021.
04.
PDR accounts for the highest proportion in VNM ETF restructuring porfolio
In the 2Q2021 restructuring portfolio of VanEck Vectors Vietnam ETF (VNM ETF), PDR accounts for the largest proportion amongst 6 newly - added Vietnamese constituents with 2.62%, equivalent to 3,803,844 shares. Obviously, PDR is increasingly attractive to domestic and foreign investment funds, having met the standards, quantitative and qualitative criteria, as well as investors' expectations.
06.
Phat Dat completed major M&A deals
In 2Q2021, Phat Dat carried out two major M&A deals with trillion VND worth of transactions in the residential real estate segment, including the 4.5-hectare Binh Duong Tower project (Thuan An City, Binh Duong) and a project on the most luxurious "diamond" land adjacent to Dragon Bridge in central Da Nang City. As such, by increasing quality land bank in prime locations, Phat Dat has created a solid premise for high efficient project investment and development.
'A huge collection' of prestigious awards in the first half of 2021
TOP 50 VIETNAM BEST GROWTH IN 2021, and TOP 50
PRESTIGIOUS AND EFFECTIVE PUBLIC COMPANIES IN 2021 by Vietnam Report; TOP 10
DEVELOPERS FOR TWO CONSECUTIVE YEARS 2020 AND 2021 by BCI Asia Award;
VIETNAM'S 50 BEST
PERFORMING COMPANIES AND VIETNAM'S 50 BEST
PERFORMING COMPANIES IN A DECADE by Nhip Cau Dau Tu
Magazine, etc.
M&A
www.phatdat.com.vn | 04 05 | Stock code: PDR |
MARKET OVERVIEW IN 2Q2021
01. APARTMENT MARKET IN HCMC AND NEARBY PROVINCES
03. LAND LOT MARKET IN NEARBY PROVINCES
In 2Q2021, the apartment market in HCMC and 4 nearby provinces (Binh Duong, Dong Nai, Ba Ria - Vung Tau, and Long An) welcomed 13 projects opened for sales (including 2 new projects and next phases of 11 existing projects). New supply reached 3,994 units, down 28% compared to 1Q2021 (5,515 units). New take-ups reached 3,252 units, approximately 81% of the new supply, down 26% of the previous quarter (4,416 units).
Supply and take-up by localities
Supply Supply
(Source: DKRA)
The land lot market in HCM City's surrounding provinces (including Dong Nai, Long An, Ba Ria- Vung Tau, Binh Duong) welcomed 22 open-for-sale projects with 2,913 lots, equaling 108% YoY and up 125% compared to 1Q2021. The occupancy rate of about 1,826 units reached 63% of total stock, equaling 90% compared to that of 2Q2020. New supply and occupancy increased over the same period in 2020.
(Source: DKRA)
04. MARKET OUTLOOK IN 3Q2021
Apartment segment in HCM City and nearby provinces
02. INDUSTRIAL REAL ESTATE MARKET IN SOUTHERN PROVINCES
- RENT SET A NEW PEAK IN THE SOUTH"
New supply may increase slightly compared to the first half of 2021. In particular, new supply in Ho Chi Minh City for the last 6 months may reach about 6,000 - 7,000 apartments, and supply in Binh Duong would welcome 3,000 - 3,500 units.
Demand in Ho Chi Minh City may witness positive recoveries in Q4 when the epidemic is under control.
Land lot segment in HCM City and nearby provinces
The new supply is likely to equal to the first half of 2021, ranging around 4,000-5,000 lots mainly in the markets of neighboring provinces such as Long An, Dong Nai, Binh Duong and Ba Ria - Vung Tau. The market demand is likely to recover when the epidemic is under control.
According to JLL's 2Q2021 report, the Southern industrial real estate market recorded new supply in Thuan An City (Binh Duong Province). This brought the total leasable land area in the south to 25,220 hectares. The occupancy rate of industrial parks and ready-built factories is 85% and 86%, respectively.
In 2Q2021, industrial park developers in the South set a new average land price peak at USD 113 per sqm per lease term, increasing 7.1% YoY .
(Source: JLL)
(Source: DKRA)
Industrial real estate segment in the southern region
With a bright vision for manufacturing sector in Vietnam, provincial governments constantly build and improve new infrastructure systems like the Phan Thiet - Dau Giay, Bien Hoa - Vung Tau or Ben Luc - Long Thanh Highways - all located in key markets surrounding HCMC, driving the Southern industrial land rentals expectedly to keep growing.
Total Stock in 2Q2021 | Land & RBF Rents in 2Q2021 | ||||
(USD/m2/rent period) | |||||
(USD/m2/month) | |||||
About 940,000 m2 of new RBF space will be launched by the end of 2021 if the epidemic is under control and the market recovers.
(Source: JLL)
Industrial lan | d | RBF (RHS) | ||||||||
Land rent | RBF rent (RHS) | |||||||||
www.phatdat.com.vn
06 07 | Stock code: PDR |
IR ACTIVITIES IN 2Q2021
01. INFORMATION ABOUT SHARES
93.400 | PRICE | ||||||||
(AS AT 30TH JUNE 2021) | |||||||||
4.378.432 | 4.347.475 | 63.200 - 95.900 | |||||||
Quarterly trading volume/day | Monthly trading volume/day | ||||||||
(UNIT) | (UNIT) | Price range | |||||||
(VND) | |||||||||
2,92 | 30,79 | ||||||||
45.465 | |||||||||
(VND) | (TIME) | ||||||||
Earnings per share (TTM) | Price/Earnings ratio (P/E) TTM | ||||||||
Market capitalization | |||||||||
4.867,719 | 486,771,916 | ||||||||
(as at 30th June 2021) | |||||||||
(BILLION VND) | |||||||||
Charter capital | Outstanding shares | ||||||||
(BILLION VND) | (UNIT) | 49% | |||||||
40% | 28,7% | ||||||||
Maximum rate for foreign | |||||||||
Free float rate | Total share dividend | ||||||||
ownership | |||||||||
paid for 2020 | |||||||||
(Source: PDR & Vietstock) | |||||||||
PDR price in 2Q2021
Adjusted price (from 1st April 2021 to 30th June 2021)
02. MAIN STOCK PRICE MOVEMENTS IN 2Q2021
In 2Q2021, the ticker PDR recorded a strong acceleration in market price. While at the end of the 31st March session, the PDR's market price was at 55,510 VND/share, it closed the
30th June session at 93,400 VND/share, an increase of over 68%.
The impressive gain has made PDR one of the most noticeable VN30 constituents on HOSE and a positive contributor to the overall gain of the VN-Index. Also, PDR became the stock that accounted for the largest proportion in the 2Q2021's restructured VanEck Vectors Vietnam ETF (VNM ETF) portfolio with 2.62%, equivalent to 3,803,844 shares
56.580 | 95.900 | 62 |
Lowest closing price | Highest closing price | |
(as at 1st April 2021) | (as at 29th June 2021) | Total sessions |
(VND/share) | (VND/share) | |
(Source: Vietstock)
CGI of Zone 2 - Nhon Hoi Ecotourism City
Trading volum | e | Closing price | (Source: FiiPro) | ||||
www.phatdat.com.vn | 08 09 | Stock code: PDR | |||||
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Phat Dat Real Estate Development Corp. published this content on 25 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 August 2021 02:33:01 UTC.
