Published Date: 16/01/2025
- We forecast 2024 net profit (NP) to decline 64% yoy due to slow land handover process;
- We forecast NP to rebound 20%/30% yoy in FY25-26F thanks to increasing land handover area and reduced financial pressure after capital issue;
- We recommend ADD for KBC with target price of VND35,100/share.
