Rong Viet Securities: Vietnam Outlook and Conviction List

Post on 26-Jan-2017

239 views 1 download

Transcript of Rong Viet Securities: Vietnam Outlook and Conviction List

o

o

o

o

o

o

• the Party Central Committee

endorsed Vietnam’s participation in the Trans-Pacific Partnership.

• A lot of focus for transport and energy infrastructures to attract FDI and

facilities trade activities.

• More FDI means more demand for houses and office space

• Infrastructure and real estate projects will create more construction

works

2015

2014

• steel, furniture

manufacturing, construction equipment, animal feeds.

-20%

0%

20%

40%

60%

80%

100%

120%

2010 2011 2012 2013 2014 2015

Retail Automobile services Real estate services Real estate

-40%

-20%

0%

20%

40%

60%

80%

100%

120%

2010 2011 2012 2013 2014 2015

Gross margin (%)

Retail Automobile services

Real estate services Real estate

• Retail World Investment Consultant Ltd., Co. (13%),

Mekong Enterprise Fund II (11%), Tri Tam Ltd., Co.(10%), CDH Electric

Bee Limited (8%), Mutual Fund Elite (7%), Ntasian Discovery Master Fund

(5%)

109

239

341 368

0

100

200

300

400

0

1000

2000

3000

4000

5000

6000

7000

2012 2013 2014 2015

Total revenue PAT (after minority interest)

(*) accounted for welfare expense

• organized with core business of commercial banking

(retail and corporate banking) and financial institutes (treasury, trade

finance, account services)