In November, Phat Dat Real Estate Development Corporation (Stock code: PDR), in collaboration with Maybank Kim Eng and HSC, successfully organized a virtual Investor Conference, attracting the attention of many professional investors at home and abroad.
Industrial real estate intrigues lots of interest. In mid-November 2021, in collaboration with Maybank Kim Eng, PDR organized a virtual investor conference with nearly 100 reputable domestic and foreign investors participating.
The conference shed light on the big picture of Phat Dat’s business situation during the epidemic, outlooks and development orientations in key business sectors, and market forecast for 2022.
During the conference, it was PDR’s venture in the industrial real estate sector that attracted much attention. As far as the plan goes, PDR aims to develop industrial townships in localities with existing facilities and advantages for industrial park development, namely Da Nang, Quang Ngai, Binh Duong, Vung Tau, and Dong Thap. PDR also surveys and expands its reach in other southern provinces in response to the increasing demand for industrial real estate in recent years. Being well-aware of the challenges for a newcomer, PDR has actively cooperated with Japanese partners possessing profound experience in industrial park development. Meanwhile, PDR showcases its strengths in market prestige, project development capacity, and seasoned business experience to connect a network of partners and investors with great capacity in landholdings, finance, and business expertise. These strategic cooperations lay a solid launchpad to satisfy deployment requirements and efficient operation.
A business model that ensures sustainable capital flows for the enterprise Although 2021 is difficult for the entire Vietnamese economy and the real estate industry, PDR is confident in completing the set business plan. At the webinar “Vietnam bouncing back from covid,” PDR unveiled its key to success and sustainable development against the challenging time. Other participants of the event were investors from prestigious domestic and foreign organizations such as Eastspring, Fides, KIM, Kingsmead, NT Asset, SSIAM, Thien Viet, Woori Bank, Dragon Capital, KKP, Sumitomo, Muddy Waters, Manulife, Lion Global Investors, etc.
In particular, owing to a clear business strategy, wholesale model, and projects with short payback periods, PDR can focus on its core competency of project development while ensuring capital flows and revenue streams as in the set plan. In the near future, the company will wholesale its projects to various partners, offering diverse portfolios to other distributors and partners.
In addition, PDR is well-prepared to diversify capital streams with foreign sources as a less-dependent alternative to traditional debt financing. As such, backed up by high income from project wholesale, PDR’s 5-year plan is ambitious but well-equipped with the necessary foundation and internal resources. Currently, the enterprise is working with strategic partners for their extensive experience in implementing international real estate projects. Details on these cooperations will be updated soon.
Vision for 2022’s real estate market
Commenting on the real estate market in 2022, Phat Dat believes that demand will be enormously boosted thanks to the market’s recovery after a year of pent-up. Also, public investment projects, especially the infrastructure completion in satellite areas, will directly impact the sector and act as the main driving force behind the real estate market growth in the coming years.
With a core competence in residential project development, in addition to Ho Chi Minh City, Phat Dat has been and will continue to focus on growing provinces with high tourism potential and neighboring cities with synchronized infrastructure, prime locations, and transparent legal records.
|In 2021, Phat Dat was honored by many property-related ranking associations and organizations such as Vietnam Top 10 Developers in 2020 and 2021 by BCI Asia awards; and Top 10 Most Reputable Property Developers 2021 by Vietnam Report, etc. Currently, Phat Dat is a constituent of major and reputable indices at home and abroad, including VN30-Index, VanEck Vectors Vietnam ETF (VNM ETF), Fubon FTSE Vietnam ETF and FTSE Vietnam Indices, and the most recent MSCI Frontier Markets Index on 12th November 2021. Besides, other international ETFs such as Premia MSCI Vietnam ETF, iShare MSCI Frontier 100 ETF, S&P Select Frontier ETF, etc., are currently holding Phat Dat shares with their investment allocation strategy into Vietnam’s leading stocks. In October, Fitch Ratings – one of the world’s three largest and most reputable credit rating agencies- affirmed Phat Dat’s issuer default rating (IDR) at ‘B’ with a stable outlook.|