Published Date: 23/09/2024
- Net profit (NP) in Q2/24 reached 278.5 billion VND, up 9.4% YoY, primarily due to exceptional income from the sale of a high-margin land lot (77%). NP for 6M24 decreased by 24.7% YoY, achieving 42.3% of our full-year forecast.
- We project net profit growth of 31.5%/12.1%/26.7% for 2024/25/26, driven mainly by the delivery of the Privia, Clarita, Emeria, and Solina projects.
- We recommend a BUY rating for KDH with a target price of 44,200 VND/share.
