SIP’s medium- and long-term potential is evident, derived from its large remaining IP land bank in favorable locations, competitive lease rates, and substantial ready-to-lease commercial area. The land portfolio is projected to deliver substantial and stable cash inflows to the firm. This will open up greater development opportunities for SIP if the enterprise has strong long-term orientations. Based on these highlights, BVSC recommends OUTPERFORM with a fair price of VND76,400/share; an upside of 26.3% from the closing price on November 17, 2025.

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Please find the attached file below.