VPI - Sizeable developer with attractive land bank - Listing Note

Company Research

06 Dec 2017

VPI is an experienced real estate developer with a large land bank at advantageous locations in Hanoi and Ho Chi Minh City (HCMC), which is a good base for long-term development. The company increased its charter capital by over six times during 2017 prior to its listing through two offerings to existing shareholders, but plans to keep its current size, at least in the next one to two years, to ensure a stable ROE.
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