Residential property sector – 2Q25 earnings forecast: No significant break-through yet
Posted: Jun 20, 2025
- In 2Q25, we expect some residential property companies’ earnings (e.g., DXG, PDR) to grow yoy from a low base, while others (e.g., VHM, NLG, KDH) may report flat or declining growth due to slow handover activity.
- With these results, most companies have yet to show any meaningful breakthroughs in their core business performance (excluding low-base effects). This is mainly due to the lack of new project handovers typically occurring in the second quarter.
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