NEWS

Dat Xanh excellently honored in Top 50 best listed companies in Vietnam

15/09/2017
September 14, 2017, Ho Chi Minh City, with its strong development in recent years, Dat Xanh Group (DXG) was honored at the "Top 50 Best Listed Companies in Vietnam" awards by Forbes magazine. In real estate - construction, Dat Xanh excellently gained the second place.

According to the Organizing Committee, the results are independently assessed based on CAGR of revenue, profitability, ROE, ROA and EPS growth for the period of 2012-2016. During this period, Dat Xanh Group's revenue has always been growing strongly, ROE raging from 10.4% to 16.6% while the averages other of real estate and construction firms was much lower. Dat Xanh Group's revenue in the past five years reached VND408 billion in 2012, increased to VND2.513 in 2016, similarly with profit increased from VND58 billion to VND537 billion.

In his speech at the award ceremony, Mr.Vu Quoc Viet - Senior Marketing Director of Dat Xanh Group, shared: “With these impressive revenue figures, in March, the DXG code entered FTSE Vietnam Index basket and became one of the leading real estate companies on HOSE. Today, we continue to be honored in the top 50 best listed companies in Vietnam and Top 2 in the real estate and construction. This is the most obvious evidence for the efforts given by all Dat Xanh employees in recent years, for customer's trust as well as for regconition by investors and partners.”


In the past few years, Dat Xanh Group has grown up to become one of the leading real estate developers in Vietnam that makes positive contributions to the industry, provides a completed value-added chain with breakthrough solutions on housing for citizens and is highly appreciated.

From November 2003, with its closed-loop strategy model "Investment - Construction - Service", Dat Xanh has become one of the leading real estate comprehensive solution provider in Vietnam that takes control of both input and output, creates high quality products at reasonable prices and best service in the industry. Based on that advantage, Dat Xanh has strengthened and gradually proved its capacity to deploy many large projects, meet the social needs and bring high efficiency.

Particularly in the last five years (2012-2017), Dat Xanh impressed the market with its great strides by unexpected success its projects such as Opad Riverside, Opal Garden (Thu Duc District), Luxgarden (District 7), etc. In which, the success of Sunview Town project (Thu Duc District) with the scale of 1.603 apartments completed and handed over 6 months earlier, Luxcity project (District 7) with the scale of 426 apartments completed and handed over 4 months earlier to customers should be mentioned. Both Opal Riverside and Opal Garden projects are under construction and will be handed over to customers 4 to 6 months earlier. Accordingly, it is expected to hand over 600 Opal Riverside units to customers in the Q4, 2017 and more than 450 Opal Garden units in QI 2018.


In addition to continuously developing new projects, Dat Xanh also continues to accelerate the accumulation of land fund through M & A of a series of projects such as: Gem Riverside (District 2, 6.7 ha), The Palm City (District 9, 7.4 ha), Opal City (District 9, 6.2 ha), Gem Premium (Thu Duc District, 6.7 ha), etc brought Dat Xanh's land fund to the number of more than 466 hectares at this moment, equivalent to 4 million square meters of construction lots, 25.000 products in apartments and land lots segments.

Aiming to become one of the leading real estate developers in Southeast Asia, to provide customers with high quality products and create a perfect living value chain for the community, in 2017, Dat Xanh Group has signed long-term strategic cooperation with 20 major domestic and international partners, in 5 main groups: Design Consulting Contractors - CPG, Ong & Ong (Singapore); Project Management Consultancy and Supervision Contractors - Apave (France), Synergy (Multinational); Construction Contractors - An Phong, CBM; Kohler (USA), AkzoNobel (Netherlands), Schneider (France), Thyssenkrupp (Germany), Kone (Finland), Schindler (Switzerland), Toto (Japan) An Cuong, Truong Thanh, Hoa Sen, Cadivi etc.; Operational Management Contractors - Savills.


Besides the business activities, Dat Xanh Group's Board of Directors always cares for long-term interests of shareholders and employees. At Dat Xanh's annual shareholder meeting held in March 2017, 2016 dividend rate adjustment from 15% to 18% was also approved, of which 13% paid in shares and 5% cash. In addition, Dat Xanh also issued 3 million shares to employees through ESOP to provide DXG's employees with share ownership, enhancing their commitment, dedication, and developing their career with Dat Xanh.

With breakthrough directions and strategies to reach our targets, by the end of first half FY17, Dat Xanh Group achieved encouraging results with net revenue of VND879.3 billion,after-tax profit of more than VND270 billion, up 64% year on year. With strong growth performance, Dat Xanh Group (DXG) shares price have a breakthrough, doubling increase in a short time; from around VND12.000 per share at the beginning of 2017, it has exceeded VND20.000 per share.

On Dat Xanh's 2017 target net revenue and profit after tax as approved by the General Assembly of Shareholders, of VND3,300 billion and VND700 billion respectively, raised by 30% over 2016, financial experts said: DXG shares price will definitely have breakthrough growths in the last months of 2017 and early 2018.


From the above results, Dat Xanh Group is completely confident to make feasible plans continuing to set target profit of over 1,000 billion from 2018 onwards. This is also an important milestone opening a new phase for Dat Xanh brand's development, based on its available resources such as finance, experience, brand reputation and high qualified human resources.

Dat Xanh Group

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