Published Date: 28/02/2025
- In 4Q24, NLG completed the handover of Akari City Phase 2, driving a 126% yoy increase in revenue for 2024 and a 6% Yoy growth in net profit.
- We expect NLG's net profit to grow by 6%/21% in 2025-2026, primarily driven by the handover of projects such as Southgate (Waterpoint Phase 1), Nam Long Cần Thơ, and Akari City Phase 3.
- Recommend ADD with a target price of VND 42,500 per share.
