HCMC – Phat Dat Real Estate Development JSC (HOSE: PDR) is in talks to sell 80% of its Thuan An 1 high-rise residential project to a Japanese partner, with the deal expected to conclude in September this year.
At its annual general meeting, Chairman Nguyen Van Dat said the company’s land portfolio focuses on high-rise developments, allowing for greater market value per hectare, reported the local media. PDR is pursuing projects in Binh Duong, Ba Ria-Vung Tau, and HCMC.
The company targets 2025 revenue of VND3.3 trillion, pre-tax profit of VND910 billion, and after-tax profit of VND728 billion.
Bui Quang Anh Vu, general director of the company, said key revenue streams in 2025 include the Thuan An projects, Quy Nhon Iconic, a resort on Con Dao Island, and commercial and tourism complexes in Phuoc Hai and Long Hai.
PDR also plans to expand international cooperation, adopt advanced development models, and pursue selective M&A deals.
The company will issue an 8% stock dividend for 2024 and offer 18 million shares under its 2025 employee stock ownership plan at VND10,000 per share.
In 2026, PDR expects to pay a 17% dividend from 2025 retained earnings, including 5% in cash and 12% in stock.
Closing the trading session today, June 27, PDR stayed flat at VND17,650, with more than 9.9 million shares changing hands.
The benchmark VN-Index edged up on Friday, supported by strong gains in consumer goods heavyweight Masan Group Corporation (MSN), even as overall liquidity fell from the previous session.
At the close, the VN-Index gained 5.77 points, or 0.42%, to 1,371.44, with 163 stocks advancing and 138 others declining on the Hochiminh Stock Exchange. Trading volume totaled over 722.4 million shares worth VND18.97 trillion, down more than 5% in volume and 10% in value compared to the previous day. Block deals contributed over 44.6 million shares valued at nearly VND1.56 trillion.
MSN was the biggest contributor to the index’s gain, surging 6.67% to nearly hit the ceiling at VND76,800, with over 14 million shares traded.
The market also received support from 19 advancers in the VN30 basket, which groups the 30 largest-cap stocks. Notable gainers included BID, VRE, VHM, BCM, MWG, and VNM, which rose between 1.1% and 2.5%.
On the downside, losses were limited. SHB drew market attention as the most actively traded stock, with over 88.8 million shares changing hands, far exceeding other tickers.
Small and mid-cap stocks also showed positive momentum, with CMG, SVD, and LDG hitting their upper limits on strong liquidity. Other notable gainers included VTP, IDI, THG, SHI, CTR, ANV, and LGL, which climbed between 3% and over 6%.
On the Hanoi Stock Exchange, the HNX-Index reversed course in the afternoon but rebounded in the final minutes to close in positive territory. It edged up by 0.11 point, or 0.05%, to 227.81 points, with 84 winners and 66 losers. Market liquidity on the northern bourse reached over 73.3 million shares worth VND1.26 trillion.
