CTD – Update – Strong construction performance along with residential property earnings in 2026–27

Posted:  Oct 6, 2025

  • During the 2026–27 period, CTD’s backlog is forecast to grow 10%/9% yoy, thereby driving revenue to improve 13%/10% yoy.
  • We expect 2026–27 net profit to rise by 61%/26% yoy, driven by recovery of gross margin and earnings from the real estate.
  • We recommend ADD rating for CTD with a target price of VND 94,200/share.
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