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Sunday, July 21, 2024

New opportunities emerge for IP developers

By Trieu Duong

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Industrial park (IP) developers have recently witnessed a robust surge in the industrial real estate sector, supported by a range of favorable factors. However, their stock prices are currently experiencing profit-taking pressure and corrections. Yet, the resurgence of foreign investment capital inflows, which are projected to further increase in the near future, could present fresh opportunities for this stock group. Profit-taking and correction On September 11, as the VN-Index dropped by nearly 18 points, industrial real estate stocks found themselves caught in the broader market correction. For example, Kinh Bac City Development Holding Corporation (KBC) saw its stock price decline by 1.3%, Investment and Industrial Development Joint Stock Corporation (BCM) by 2.2%, Saigon VRG Investment Corporation (SIP) and Viglacera Corporation (VGC) by 2.3% each, Long Hau Joint Stock Company (LHG) and Sonadezi Chau Duc Shareholding Company (SZC) by more than 3.6% each, and Industrial Urban Development Joint Stock Company No. 2 (D2D) by over 4.1%. Despite enjoying significant gains in recent months due to various supporting factors, industrial real estate stocks are now experiencing profit-taking pressure and corrections. Statistics indicate that from the beginning of 2023 to the first week of September, the stocks of IP (industrial park) developers surged […]
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