Published Date: 26/11/2024
- In 3Q24, net profit (NP) increased 218% yoy. In 9M24, NP increased 95% yoy thanks to 90 hectares of handovered industrial park (IP) land and real estate transfer, fulfilling 98% of our full-year forecast;
- We forecast NP to increase by 30%/1%/5% yoy in FY24-26F thanks to two new IPs;
- We recommend HOLD for IDC with a target price of VND 55,500/share.
