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Top 10 real estate companies make the best money for shareholders, Vinhomes ranked 8th

Warren Buffett has discovered that companies that benefit from a sustainable or long-term competitive advantage have a higher-than-average return on equity (ROE).

This high profit margin means that the company is using undistributed profits efficiently. Over time, these high ratios will accumulate and increase the underlying value of the business, and eventually the market stock will be recognized through the increase in the price of the stock.

In stock investment, investors often pay attention to this index because they are interested in the ability to earn profits with each capital they spend.

Statistics of more than 100 enterprise Real estate listed on the stock exchange shows that there are about 20 units with ROE in the fourth quarter of 2022 greater than 15%. This number is quite large in the context of the gloomy real estate market, many businesses record losses or reduce profits sharply.

The 10 enterprises with the highest ROE ratio include: International Holdings Joint Stock Company (Landmark Holding stock code: LMH), IDICO Corporation- Joint Stock Company (Idico – stock code: IDC), The Company shares in Nam Tan Uyen Industrial Park (stock code: NTC), Saigon Real Estate Corporation Joint Stock Company (Saigonres – stock code: SGR), Saigon VRG Investment Joint Stock Company (Saigon) VRG- stock code: SIP), Ba Ria – Vung Tau Housing Development Joint Stock Company (Hodeco – stock code: HDC), BV Land Joint Stock Company (stock code: BVL), Vinhomes Joint Stock Company (stock code: VHM), Binh Long Rubber Industrial Park Joint Stock Company (stock code: MH3), Vinh Phuc Infrastructure Development Joint Stock Company (VIDV- stock code: IDV).

Topping the list is Landmark Holding (headquartered in Ho Chi Minh City) with 44.32%. This is a little-known real estate enterprise, formerly known as Thang Long Petroleum General Services Joint Stock Company. According to information from the website, this unit is the investor of 2 project at Quinter Central, Quinter Residence in Nha Trang City, Manhattan Tower in Hanoi. Currently, Landmark Holding’s shares are traded on Upcom floor at the price of about 6,000 VND/share. As of December 31, 2021, this enterprise has only 16 employees.

It is worth noting that in the fourth quarter of 2022, this company recorded 19.6 billion dong in revenue, but after-tax profit reached 26.6 billion dong thanks to a sudden increase in other income. According to the explanation, profit after tax changed from loss to profit in the last quarter due to an increase in operating income at the branch and reversal of provisions for short-term loans, cutting financial and administrative expenses. enterprise.

Second on the list is Idico with 40.05%. In the fourth quarter of 2022, this corporation recorded 231.3 billion dong of pre-tax profit, 6.5 times higher than the same period last year. The reason is that the company increased in revenue but cost of goods decreased by nearly 25%.

In the past year, Idico and industrial park real estate businesses benefited from high demand along with strong rental prices. Recently, Mirae Asset Vietnam Securities Company commented that having a large land bank for lease will continue to help businesses promptly receive new investment capital, including Idico.

With a profit margin of 38.06%, Nam Tan Uyen ranks third in the list. In the fourth quarter of 2022, this enterprise recorded net revenue of VND 79.7 billion, down 25% over the same period. Profit after tax was recorded at VND 46.3 billion, down 43.6% compared to last year.

Despite achieving a ROE ratio of 20.46%, Vinhomes ranked 8th in the list. In fact, the above figure is also a “terrible level” for large real estate enterprises. In the fourth quarter of 2022, the company’s total consolidated net revenue reached VND 31,193 billion, up 34% compared to the same period in 2021. The main reason was due to the handover of 2,200 more low-rise real estate units at the Vinhomes mega project. Ocean Park 2 – The Empire. Profit after tax reached 8,952.5 billion VND, down nearly 25%.

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