NVL – We reiterate HOLD recommendation with target price of VND 66,500/share after adjusting for dilution and valuation at Victoria Village, Water Bay and Harbor city.
NVL – We reiterate HOLD recommendation with target price of VND 66,500/share after adjusting for dilution and valuation at Victoria Village, Water Bay and Harbor city.
August 29, 2017
■ Low deliveries dragged down 1H business result.
■ Pre-sale volume still on track.
■ Bookings come mostly in second half.
■ New launches will secure pre-sales although delays cause a bit concern.
NVL – We reiterate HOLD recommendation with target price of VND 66,500/share after adjusting for dilution and valuation at Victoria Village, Water Bay and Harbor city.