IDC – Update – Attracting High – Tech Investment as a New Growth Driver
Posted: Feb 26, 2026
- Q4/25, net profit (NP) increased by 26% yoy, driven by a recovery in industrial land leasing following the U.S. announcement of reciprocal tariffs. FY25 NP almost stayed flat yoy.
- We forecast FY26-27F NP growth of 5%/15% yoy, supported by new policies aimed at attracting investment into high-tech industries, which stimulate demand for industrial parks (IPs);
- We maintain our recommendation to ADD for IDC and raise our target price by 24% to VND 58,000/share.
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