With the general difficulties of the real estate market, representatives of some listed companies in the industry said that completing this year’s plan seems impossible, keeping positive profits is a great effort.
According to representatives of some real estate businesses (DN) at the seminar held by the Merchant Magazine on the morning of November 18, most real estate businesses (real estate) have difficulty in flow. Money and the completion of this year’s business plan seem unlikely.
Mr. Nguyen Minh Khang, General Director of LDG Investment Joint Stock Company (Ticker: LDG), said “this year the real estate industry faces many challenges, so businesses are equally difficult”.
Similarly, Mr. Nguyen Huu Quang, Deputy General Director of Netland Real Estate JSC (Ticker: NRC), also frankly shared: “There is one thing to recognize that the financial statements of real estate businesses this year. are not as beautiful as in previous years, even businesses around the world are also in. For example, Japanese corporation, our company’s strategic partner also has difficulties.
For Netland, certainly the plan is not fulfilled, but we try to achieve a relative profit so investors do not disappoint. ”
The representative of Netland also added: “With the unfavorable situation as this year, it is very difficult for investors to expect high profits in real estate companies.
As long as the business has a positive profit and reached a relative level of about 30-50% of the plan, it will be very happy, the rest almost all have losses.
How the profit level depends on each company, including whether the profit falls on time and is eligible to be recorded in the last quarter of the year or not “.
Listed companies saw a sharp drop in profits in the first 9 months of this year.
The fact from the business results of listed real estate businesses also shows that in the first 9 months of this year, except for those with stable land funds from many years ago (Phat Dat, Khang Dien, … ) or make profits from other sources (not core businesses such as DRH Holdings, An Gia, …), the rest of the businesses reduce profits or even losses.
LDG Group, Netland (Ticker: NRC), Hoang Quan (Ticker: HQC), TTC Land (Ticker: SCR) are businesses with a decline of more than 70% in profits in the first three quarters of the year. Accordingly, LDG Group achieved 2% of the annual profit plan, Netland achieved 5% of the annual profit plan.
And the cases like FLC (Ticker: FLC), Dat Xanh (Ticker: DXG), C.E.O (Ticker: CEO), Thuduc House (Ticker: TDH), … are all at a loss.
As one of the businesses that recorded loss in business results, Mr. Nguyen Ngoc Truong Chinh, Deputy General Director of Thuduc House said that this is the general situation, especially real estate businesses operating in Ho Chi Minh City.
“In fact, if we are not good, we cannot say we are doing well. Since three years, very few projects have been approved for new investment, so where do we get projects to hand over and revenues run back. Only businesses that have goods that are being sold can expect revenue and profit as planned.
In addition, now businesses have to hand over the apartment to record revenue and profit, not half-way. This also makes it difficult for real estate businesses.
However, the implementation situation as well as the project development strategy of listed companies are announced, if no revenue is recorded this year, it will be recorded next year “, Mr. Truong Chinh said.
Due to the influence of COVID-19 translation, many businesses have to accept rescheduling the announcement or opening of the project, the sales progress as well as the project implementation in the year are also slow compared to the plan.
However, the industrial real estate segment alone has many bright spots and Mr. Truong Hien Phuong, Senior Director of KIS Securities Vietnam, said this is an “unbeatable” segment this year.
Source: vietnambiz.vn – Translated by fintel.vn
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