Analyst Pin-board: TDH – Plan to develop large-scale land bank
We recently had a meeting with the management representatives of the company, and the following are the key takeaways:
During 1H 2019, net profit was only VND 57 billion (-24% YoY)), driven by financial incomes from its divestment in a residential project. Per management, 2H 2019’s result will be stronger thanks to hand-over of existing real estate projects, namely the Citrine and TDH Riverview.
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