Analyst Pin-board: KDH – Maintaining earnings growth
We recently had a meeting with management of the company, and the following are the key takeaways:
· In 2019, KDH set a profit guidance of VND 1,046 billion (+29% YoY), driven by the hand-over of the Verosa Park project. Looking forward to 2020 and 2021, profit growth is maintained at a high level with the recognition of profits from existing projects such as Jamila, Safira and new projects such as Lovera, Verosa Park or Clarita (to be launched in 2020).Real estate development plan: KDH continues to develop its land bank in District 9, HCMC, with the launch of the Verosa Park in 2019 and Clarita projects in 2020. Both projects are low-rise components, located in premium location in the East of HCMC. We believe that these projects will have a high absorption rate
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