HCMC — Phat Dat Real Estate Development JSC (HOSE: PDR) expects its consolidated revenue in the first nine months of 2025 to exceed VND1.19 trillion, supported by property transfers and service income.
The company reported VND404 billion in property transfer revenue in the third quarter, nearly equal to its total in the first half of the year. This brought its nine-month property transfer revenue to about VND851 billion, up from a year earlier.
The Bac Ha Thanh project contributed more than VND710 billion, accounting for around 83% of total property transfer revenue. The Ky Dong project in HCMC generated VND125.9 billion in the third quarter.
Service revenue rose to about VND101 billion in the third quarter, more than five times higher than in the first half of 2025, mainly from a consulting contract for the La Pura project. Financial income in the nine-month period surpassed VND222 billion.
Earlier in the third quarter, Phat Dat announced plans to sell its stake in Ngo May Real Estate Investment JSC, the developer of the Q1 Tower project, and expects profit from selling an 80% stake in the Thuan An 1 project.
In September, the company set up Thuan An 1 High-rise Real Estate Investment Company, holding a 99% stake, to prepare for the project’s transfer.
Phat Dat estimated third-quarter pre-tax profit of around VND117 billion, bringing the nine-month total to over VND282 billion.
Closing the trading session today, October 8, PDR edged down 0.22% to VND22,700, with nearly 15.1 million shares changing hands.
Vietnam’s benchmark VN-Index rose 12.53 points, or 0.74%, to close at 1,697.83, driven by gains in several blue-chip stocks. The southern bourse saw 181 winners and 121 losers.
Market liquidity improved, with 1.07 billion shares worth VND33.21 trillion traded, up 21.3% in volume and 29.6% in value from the previous session. Block deals accounted for 42.9 million shares valued at VND1.53 trillion.
Vingroup-related stocks led the afternoon rally. VHM rose 4.27% to VND107,500, the strongest gainer in the VN30 basket, while VRE gained 3.71% to VND36,300. However, VIC slipped 1.1% to VND178,100.
Other large caps also advanced. MWG climbed 3.59%, VNM gained 3.26%, CTG rose 2.52%, STB increased 2.39%, and VCB added 1.41%.
These stocks contributed more than 11 points to the VN-Index, while decliners drove the index down by about 3.5 points, with VIC alone taking away nearly 1.7 points.
The securities sector’s performance was mixed, with VIX and ORS rising over 1% and DSE falling slightly more than 1%. Banking stocks performed better, with only four decliners, including LPB and TCB, both down more than 1%. CTG and STB gained over 2%, while five others advanced more than 1%.
In the real estate and construction sectors, more stocks turned positive in the afternoon, though losers still outnumbered gainers. Steel stocks saw modest gains, with HPG, HSG, and NKG all edging higher.
SHB was the most actively traded stock, with 92.5 million shares changing hands. HPG followed with 60 million shares, SSI with 53.8 million, and both VIX and VND over 40 million.
On the Hanoi Stock Exchange, the HNX-Index added 0.47 point, or 0.17%, to 273.34, with 68 gainers and 65 decliners. Trading volume reached 117.9 million shares worth VND2.64 trillion, up 10% in volume and 6% in value from the previous session.
