After a period of "immobility", real estate stocks, especially small and medium-sized groups, returned and increased strongly on the market last week.

At the end of the trading week from October 4 to October 9, VN-Index increased by 37.84 points, or 2.83% to 1,372.73 points. Trading value on HOSE increased by 3.8% to 99,572 billion dong, volume increased by 3.7% to 3,356 million shares.

HNX-Index increased by 15.43 points, or 4.33%, to 371.92 points. The trading value on the HNX decreased by 10.9% to 13,226 billion dong, the volume decreased by 12.9% to 609 million shares.

Notably, the group of real estate stocks after the adjustment period increased again. Besides big stocks like NVL with 6.54% gain, VHM up 3.77%..., small and medium real estate stocks became the focus of the week.

KSF of KSFinance Group Joint Stock Company is a "rookie" officially listed 300 million shares on the HNX from October 6 with a reference price of VND 36,000/share, equivalent to a corporate capitalization of VND 10,800 billion. . After 3 consecutive sessions of hitting the ceiling price, KSF hit the mark of 56,500 dong/share, equivalent to an increase of 56.94%.

KSF Finance was established in February 2015, the main business is investment and development of real estate projects; distribution sales and rental of investment properties; finance - technology with a strategic focus on developing commercial and office real estate projects.

In the first half of 2021, this rookie's real estate rental revenue brought in VND 368.5 billion, accounting for 53.5% of total revenue (689 billion VND); real estate transfer revenue reached 290 billion dong, accounting for 42.1% of total revenue. As a result, KSF recorded a profit after tax of VND 225 billion.

PVL code of Vietnam Real Estate Investment Joint Stock Company also suddenly increased 40% in the week from 4,000 VND/share to 5,600 VND/share. The stock had 4 sessions with a dramatic increase to the ceiling and only a slight decrease on the session on October 5. PVL's liquidity is always high with the average of the last 10 sessions reaching more than 1.4 million units/session. Before April 2021, PVL always maintained below the price of iced tea for many years.

In April 2017, PVL was put under control by HNX because the profit after tax on the audited financial statements of 2015 and 2016 was negative. In the first half of 2021, PVL continues to have a loss after tax of more than 1 billion dong (in the same period last year, it lost more than 3 billion dong) and is still neatly on the "black list" of controlled stocks of the HNX.

After an unfavorable first session of the week, NBB code of Nam Seven Seven Investment JSC hit the ceiling price in the last 3 sessions of the week, helping the stock to increase by 23.37% in the past week and increase by 63.72% since the beginning of the year, liquidity also increased. improved from a few thousand to several hundred thousand units per session.

Although there was no session with a dramatic increase to the ceiling, the steady increase also helped DRH shares of DRH Holdings increase from 15,600 dong/share to 18,900 dong/share, equivalent to an increase of 21.15%. However, in terms of business in the first half of the year, DRH's profit after tax dropped sharply by 83.8% to only VND 4.6 billion due to a corresponding decrease in revenue, but financial expenses increased by 15.8. billions dong.

In addition, many other real estate stocks also increased significantly such as DIH of Construction Development Investment - Hoi An up 20.86%; DTA code of Third Joint Stock Company increased by 16.30%; HDC code of Ba Ria - Vung Tau Housing Development increased by 12.29%; Dat Xanh Group's DXG ticker rose 10.64%…

Before real estate stocks became a magnet in the market, securities expert Nguyen Hong Diep forecasted that real estate stocks "are a group that needs special attention and are likely to bounce very high after the pandemic." ".

The real estate market is expected to break through at the end of the year

According to statistics of the Vietnam Real Estate Brokers Association, in the first nine months of 2021, the total new supply on the market reached over 165,700 products, while the transaction volume was only about 61,800 products, accounting for 37% of the total source. bow.

The third quarter alone was hit the hardest when GDP was negative 6.17%, the real estate market was also negatively affected by the epidemic, making the overall picture relatively bleak.

Batdongsan.com.vn's market report for the third quarter of 2021 showed that the number of posts and interest in real estate on the whole site decreased by 22% and 12% respectively in July. 58% and 27% respectively compared to the previous month.

However, the market still has bright spots coming from some areas and types of real estate, especially, real estate prices continue to trend up.

At the seminar "Vietnam Real Estate: New Normal - New Demand - New Trend" which took place on October 6, Dr. Nguyen Van Dinh, Deputy General Secretary of the Vietnam Real Estate Association assessed that the real estate market itself is not in crisis, even with excellent health and internal strength, but temporarily compressed.

Dr. Nguyen Van Dinh analyzed that in the first quarter of 2020, Vietnam received the first wave of the Covid-19 epidemic, making the transaction rate, absorption rate, and numbers in the real estate market at the lowest level in many years. , since our country got out of the crisis period 2011 - 2013. However, by the end of 2020, the situation has changed, the market has returned to normal.

“Even in the third quarter, when the market was considered frozen, there were still tens of thousands of transactions done, the market still had good vitality. Although the actual demand has decreased, the demand of investors is still good. So when there is an epidemic, the market will temporarily calm down, as long as the epidemic is over, the market will explode again", Dr. Attach emphasis.

Economic expert Dr. Can Van Luc added that the current cash flow into real estate has not decreased as real estate credit in the first two quarters increased by 5.1%. In which, housing loans increased by 9 -10%, accounting for 64% of total loans; The rest is for real estate investment business, accounting for 36%.

“Therefore, real estate is still a safe haven and an important medium and long-term investment channel for investors. The third quarter can be considered the bottom of the economy's growth, and the fourth quarter will be a strong recovery," said Dr. Can Van Luc forecast.

Experts also estimate that in Vietnam, a real estate project that is born on average will be filled in only 18 months, while in ASEAN countries it will be 5 years. Because in Vietnam, the demand is too strong, especially the demand from F0. Meanwhile, the supply in the market is scarce due to policy barriers, legal regulations, etc., causing the market to slow down and the supply is scarce.

According to Trinh Van Quyet, Chairman of the Board of Directors of FLC Group (code FLC), the real estate market in the fourth quarter will be "extremely prosperous" and create a good premise for the market in 2022 to "explode with excitement".

“Perhaps the fourth quarter will be a boom period for the real estate market in a methodical way with projects that are fully legal, ensure the law, not the “virtual land fever” in the market. ", Mr. Quyet acknowledged.

Regarding the medium and long-term prospects, Agriseco Securities assesses that the real estate industry will be maintained positively, because real estate is still an investment channel suitable to the taste of the majority of Vietnamese investors.

Enterprises that own large project land funds and have good project implementation ability will grow well in the long term. Besides, macro factors create favorable conditions for the industry when infrastructure development is the main goal of the period 2021 - 2025 with a vision to 2030.

According to Cafeland