Viet Dragon Securities - KBC – Accumulate for future growth

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Viet Dragon Securities

Thach Lam Do

KBC – Accumulate for future growth

• In the first half of 2025 (1H2025), KBC recorded positive results, with revenue and gross profit reaching VND 3.7 trillion (+254% YoY) and VND 1.8 trillion (+234% YoY), respectively. Land and infrastructure leasing in industrial parks (IPs) generated revenue of VND 2.8 trillion (+432% YoY), driven by the leasing of 86 hectares (+462% YoY), primarily from the Hung Yen Industrial Cluster (83 hectares).
• During the 2025-2026 period, in addition to developing IPs with previously approved investment policies, KBC plans to commence business operations for IPs that have recently received investment approval (Trang Due 03, Kim Thanh 2, and four newly approved IPs), increasing the total leasable land bank to approximately 3,000 hectares in the long term.
• For residential real estate projects, significant contributions to revenue growth potential in the coming years are expected from the Trang Cat Urban Area and The Trump International Hung Yen project.

11/08/2025 7 EN

Provider

Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”

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Analysts

Thach Lam Do

Other Reports from Viet Dragon Securities

Phuong Nguyen

Phuong Nguyen

NEARING THE 1,600-POINT MARK

The market continued its upward trend and surpassed the 1,585-point resistance threshold, though the rising candle had a small body. Liquidity decreased compared to the previous session, indicating that profit-taking supply is cooling down and cash flow is still making an effort to uplift the market. The current rising candle signal shows an upward movement that is not yet decisive and is somewhat cautious; however, the market has officially moved past the 1,585-point resistance threshold. With the advantage still leaning towards demand, the market may gradually record new highs in the nea...

4h / 53m 4h / 53m 10 EN

Phuong Nguyen

Phuong Nguyen

EFFORT TO MAINTAIN GAINS

The market continued its cautious price action at the 1,585-point area but showed an effort to gain points at the end of the trading session and displayed a divergence across the market, with many mid-cap stocks increasing in price. Liquidity increased compared to the previous session, indicating contention between supply and demand before the resistance area. Although it maintained an upward movement, the market is being curbed at the 1,585-point area, the level that caused a quick reversal on August 5, 2025. This signal shows that the market's potential for further gains is temporarily fac...

August 11, 2025 August 11, 2025 10 EN

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KBC – Accumulate for future growth

NEARING THE 1,600-POINT MARK

EFFORT TO MAINTAIN GAINS

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