Research Center
Quay lại

KDH - BUY - Mega Residence and Mega Ruby projects to help attain FY14 NPAT target - Update

The divestment of Villa Park and handover of 50 Mega Residence units in 3Q pushed 9M14 NPAT to over VND71bn (151% YoY, completing 71% of both KDH and VCSC forecast). The full year NPAT target of VND100bn is attainable with expected recognition of already sold Mega Residence units and to-be-launched-and-sold Mega Ruby units in 4Q to collectively add VND30bn to NPAT. We reiterate our target price of VND27,800/share and BUY recommendation with 39.7% upside.