| Title | BCM Initial Report - OUTPERFORM - Large industrial and urban land bank in Binh Duong; positive outlook driven by contributions from joint ventures and affiliated companies |
|---|---|
| Category: | Company Report |
| Source: | Bao Viet Securities |
| Industry: | Financials |
| Business: | Industrial Investment and Development Corporation – JSC |
| Detail: |
20/03/2026
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| Summary: |
We see BCM’s growth potential driven by (i) its large industrial land bank ready for lease, located in favorable areas with strong demand, thereby continuing to attract leasing demand from major clients; (ii) value from its ecosystem of affiliated companies, particularly VSIP and BW Industrial; and (iii) its substantial urban land bank in Binh Duong. Based on our valuation under the above methodologies, BVSC recommends OUTPERFORM for Becamex IDC with a target price of VND 74,530/share, implying an upside of +41% compared with the closing price on March 19, 2026. ………………………………………… Please find the attached file below.   |
