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SZL - NON RATED - Industrial park operator - Company Brief

Sonadezi Long Thanh’s (HSX: SZL) main businesses include (1) industrial zone segment from Long Thanh industrial zone (89% of revenue and 78% of GP in 1H14) consisting of three sub-segments of infrastructure rental, production plant rental, and water supply; and residential segment (11% of revenue and 22% of GP in 1H14). As Long Thanh IZ (Dong Nai) is near full occupancy (79% now), SLZ leased a new area of 50ha in Chau Duc IZ (Ba Ria–Vung Tau) to develop from 2015.