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DXG - Moving upstream from brokerage to development - Visit Note

Dat Xanh Group has been utilizing its extensive sales team, market expertise and debt-free status to move up in the value chain from a market leader in brokerage to a residential developer, with first focus being affordable housing. 2014 is expected to be a turning year for DXG as it gears up in project development and expects to harvest from 2015 onwards. DXG estimates to achieve a net profit of VND80bn in FY13, exceeding its target of VND70bn.