Besides a number of real estate stocks that have strongly attracted buyers, some others are still struggling. This may present an opportunity for investors in the coming weeks or months. Several factors could help real estate stocks return to their growth path. Differentiation On July 1, Vinhomes (ticker on the Hochiminh Stock Exchange- HOSE: VHM) shares at times dropped to VND37,000 each, the lowest since their debut on the stock exchange, before they picked up again. Shares of this major real estate developer have steadily inched down over the past four months. After a selloff in late Q4 2022, shares of Novaland (ticker on HOSE: NVL) have stayed at between VND12,000 and VND15,000 per share for over a year. VHM and NVL are among the many real estate stocks trading at their lowest prices in recent years. Stocks that were once the best performers, like Construction Investment and Development Corporation (ticker on HOSE: DIG), C.E.O Group (ticker on the Hanoi Stock Exchange- HNX: CEO), and Dat Xanh Group (ticker on HOSE: DXG), may take a long time to return to their peak prices seen over two years ago. However, some stocks have successfully bottomed out and are now gathering steam. […]
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