PDR and vigorous advances in the first half of 2021
At the webinar “1H2021 Earning Call: PDR”, with positive business results and outstanding achievements in the first half of 2021 backed up by the implementation of the multi-sector development strategy, Phat Dat Real Estate Development Corporation (Stock code: PDR) has earned great interest from prestigious national and international institutions and investment funds in various fields.
On 26th August 2021, in collaboration with Ban Viet Securities, Phat Dat Real Estate Development Corporation (Stock code: PDR) organized the webinar “1H2021 Earning Call: PDR” to elaborate on an overview of business results for 1H2021 as well as the future development directions of the Company.
This event attracted more than 30 prestigious Vietnamese and international institutions and investment funds in banking, insurance, finance, energy, and securities, including foreign investment funds’ representatives of Hanwha (Korea) and AC Energy (Singapore).
Phat Dat enters Top 5 most profitable enterprises ranked by Vietnambiz.
The recent strong strides under PDR’s multi-sector strategy are of special interest to investors. In the residential real estate sector, the Company yields stable cash flows with Nhon Hoi Ecotourism City (Binh Dinh) and Astral City (Binh Duong). Accordingly, accumulated revenue for 1H2021 reached VND 1,123.8 billion, pre-tax profit reached VND 637 billion (+82% YoY), and profit after tax reached VND 502 billion (+80% YoY).
Thereby, Phat Dat has achieved 27.2% of the year’s pre-tax profit target following the plan approved at the 2021 AGM. Also, PDR has approved the acquisition policy to own the project with 3 frontages facing Tran Phu, Bach Dang, and Le Hong Phong Streets (Hai Chau District, Da Nang City). For this project, the Company plans to develop the first Branded Residence in Da Nang.
Previously, in early June, PDR also completed the M&A deal to own Binh Duong Tower (Binh Duong).
Besides the residential real estate segment, Phat Dat soon shaped itself into a diversification strategy by the debut industrial real estate project in Cai Mep International Terminal (Ba Ria – Vung Tau). Launched from October 2022, the 24-hectare project with an expected investment of VND 1,136 billion is currently implemented as planned and, expectedly, will bring in revenue from late 2022.
PDR will model on an industrial township to develop Phat Dat – Dung Quat Industrial Township (Quang Ngai).
Additionally, officially approved by the People’s Committee of Quang Ngai Province on 22nd April 2021, the Phat Dat – Dung Quat Industrial Township project is planned to model on an integrated industrial township that satisfies global standards in terms of infrastructure, engineering – technology, connectivity platforms for the green and modern industrial development. Accordingly, out of 1,152 hectares, Phat Dat – Dung Quat Industrial Township preserves 838 hectares for IZ infrastructure and 314 hectares for residential properties.
The Company aims to acquire nearly 6,000-hectare industrial landbank across Quang Ngai, Binh Duong, Dong Nai, Ba Ria – Vung Tau, and Da Nang – a flexible strategic move to diversify revenue streams and create sustainable cash flows and stable financial sources for Phat Dat’s plans.
Owing to the landholdings stretching across coastal provinces and cities with high development speed and great investment potentials such as Da Nang, Quang Ngai, Binh Dinh, HCMC, Dong Nai, Binh Duong, and Ba Ria – Vung Tau, PDR is highly appreciated by investors for its advantages in implementing the strategy of developing landbanks and diversifying products.
As such, Phat Dat’s attractiveness and creditworthiness have manifested themselves in the constant attention of many prestigious national and international institutions and funds. This is a token of recognition for PDR’s fast and sustainable growth and paves the way for long-term cooperative relationships in the future.
