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GMD - Core business in quiet period, surprise earnings from real-estate - Visit Note

GMD aims to become number 1 logistics company by 2015 (currently number 2) and number 1 in project cargo transportation in Vietnam. Besides its core business, GMD also invested in real estate and now in rubber plantation. In 1Q2013, core business accounted for 48% and real estate accounted for 52% of GMD’s gross profit.