Analyst Pin-board NVL – Financial gains to boost high earnings growth in Q1 2022
- The company reported net revenue of VND 1.96 Tn (or USD 85 Mn, -57% YoY) and NPAT of VND 1.05 Tn (or USD 45 Mn, +49% YoY), fulfilling 5.4% and 16.2% of its 2022 revenue and profit guidance, respectively.
- In the worst case, the company expects that sales in 2022 will be at VND 35 Tn, in which 57% from presales units, securing cash flow for its due debt in 2022.
- NVL’s market price has decreased by 14.8% (VNIndex down by 23% at the same time) since early April 2022 due to the stock market in general, making its current PBR down to 4.0x.
- In the short-term, on the one hand, the SBV has showed its intention to loosen monetary policy for the manufacturing sectors while strictly control speculative money to real estate and the stock market. On the other hand, the sales and earnings season of real estate companies is often in Q3 and Q4. Therefore, we believe opportunities to accumulate real estate stocks are still ahead.
No Va Land Investment Group Corporation (Novaland Group) is a Vietnam-based company primarily engaged in real estate sector. Its leading business activities include the development and the leasing of residential and commercial properties, the rental of vacant land and parking lots, as well as the provision of real estate related services, such as project planning and properties trading on real estate exchanges consultancy.
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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