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VGC - Sustainable growth consolidates VGC’s leading position - Small Cap Research

We expect real estate revenue to grow 9% Y-o-Y for FY16, while fully leasable industrial parks guarantee stable annual income for VGC. Currently, three Korean investors have said they are willing to make deposits to lease 70 ha of Dong Van IV industrial park even though VGC won’t start building this project until later this year. VGC’s residential properties have received high demand due to their favorable locations and high quality.