Property Devt & Invt: Stay tuned for re-ratings in 2021F – Update
- Upgrade to Overweight from Neutral amid a broad-based recovery of the economy and loosening of regulatory bottlenecks in 2021.
- We expect a strong recovery in transaction volume on the back of recent increases in new supply and solid housing demand with high take-up rates.
- Our top picks are VHM, NLG and KDH.
Please follow this link for the full report
You Might Be Interested
Sector note
588
PetroVietnam is boosting investment, signaling that domestic E&P activities should be increasingly vibrant in the next couple years. Block B – O Mon gas-to-power chain project is still the main driver for Vietnam’s O&G industry. We believe upstream service providers…
Sector note
459
The new PDP8 favors toward gas-fired and wind power over 2021-30F period, after focusing on RE power from 2031F onward. We see gas-fired and coal-fired power using domestic coal to enjoy higher output mobilization under the weakening of hydropower in…
Sector note
444
We expect Brent oil price to average at US$80-85 per barrel in FY23-24F as OPEC+ production cuts extension may cause the deficit in oil market. We see sharp outlook for upstream services providers as E&P activities are picking up in…
VI
EN
JA
ZH
