| Title | SZC Update Report - OUTPERFORM - Tariffs raise short term concerns, mid term outlook stable thanks to low asking prices and residential real estate support |
|---|---|
| Category: | Company Report |
| Source: | Bao Viet Securities |
| Industry: | Financials |
| Business: | Sonadezi Chau Duc Shareholding Company |
| Detail: |
30/05/2025
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| Summary: |
Though tariffs may impact SZC’s short-term business results, we highly value its long-term potential due to: i) the promising overall prospects in Ba Ria - Vung Tau, given many ongoing and upcoming national key projects; ii) a considerable industrial park land bank featuring competitive rental rates against regional peers; and iii) a extensive urban land bank acquired at a low cost. BVSC gives SZC an OUTPERFORM rating, setting a target price of VND41,862/share, which implies an 18.8% upside from its May 29, 2025 market price. …………………………………………… Please find the attached file below.   |
