Viet Dragon Securities - Analyst Pin-board AGG - Tranformation from a property broker to a real estate developer

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Viet Dragon Securities

Duong Lai

Analyst Pin-board AGG - Tranformation from a property broker to a real estate developer

An Gia Investment (HOSE: AGG) started as a real estate broker in 2008 before expanding to develop properties in 2014 to capture the surge in housing demand. The company owns a landbank of 32 ha (~30ha in HCMC, 1.8 ha in Mui Ne), which is quite small compared to other developers. Despite of that, the partnership with Creeds Group (an international real estate developer with investment experience in 30+ projects in 10 Asian countries with a total gross development value of USD 3 billion) helps AGG in funding and development procedures for its projects . From our view, this is much value-added for such a mid-sized developer. On January 9 2020, An Gia was officially listed on HOSE. In the next five years, the company expects to launch several residential projects in prime locations in Vung Tau, HCMC and neighboring provinces.

18/12/2020 1 EN

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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.

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Analysts

Duong Lai

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Analyst Pin-board AGG - Tranformation from a property broker to a real estate developer

HPG - The Steel Titan Stirs

INVESTMENT OUTLOOK ON EARNINGS SEASON: DON'T LOSE SIGHT OF THE GOAL

EQUILIBRIUM STATE

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