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DJ Vinhomes Outlook Appears Upbeat on Strong Project Pipeline -- Market Talk

· 02/07/2021 23:18

0418 GMT - Vinhomes' 2021 outlook seems upbeat due to its strong project pipeline, Maybank Kim Eng says. The Vietnamese developer still has 30% unsold inventory from three megaprojects and is on schedule to launch several new projects, the brokerage says. Property prices in Vietnam have risen 7%-8% annually for the past five years, and the real-estate sector could benefit from the country's strong economic growth post-Covid. The brokerage raises its target price to VND120,000 from VND102,000 and maintains its buy rating. Shares fall 4.8% to VND94,000. (yiwei.wong@wsj.com)

(END) Dow Jones Newswires

February 07, 2021 23:18 ET (04:18 GMT)

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