CEN LAND dominates market share, revenue target of VND 5,000 billion

Despite the COVID-19 pandemic, CRE records outstanding growth on the stock market.

Victory over challenges – Sustainable growth

On the stock market, CRE of Century Real Estate Joint Stock Company (Cen Land) grew strongly among the top stocks in the real estate firm.

CRE's price increased sharply from 28,100 dong/share (January 4, 2021) to 46,800 dong/share (July 2, 2021). EPS is 3,910 dong. The trading volume is always high, the number of outstanding shares is 95,999,870 shares, the market capitalization is 4,223.99 billion dong.

According to the report, Cen Land's business results in the first quarter of 2021 reached impressive figures, exceeding the same period last year, equal to the revenue of the whole 2020. The consolidated revenue of the first quarter was 2,040.8 billion dong, completing 40.8 per cent of the year plan.

Profit after tax also increased to a record, consolidated profit after tax in the first quarter of 2021 was 122.6 billion dong, completing 30.1 per cent of the year plan. Cen Land's net revenue rose 656.7 per cent, profit after tax increased by 190.2 per cent.

Comprehensive real estate service ecosystem is the basis for Cen Land's breakthrough growth and sustainable development.

At the AGM 2021, Cen Land chairman Nguyen Trung Vu said that the business results in the first quarter of 2021 reached the highest level in the history of Cen Land, revenue from brokerage in March 2021 was about 250 billion dong.

At the meeting, Cen Land announced a new plan with a net revenue of 5,000 billion dong, up 136% compared to the previous year. Profit after tax is set to increase by 36% at 408 billion dong.

The 2021 plan is the starting year for expanding Cen Land's market share to build the largest proptech platform in Vietnam and the goal of maintaining revenue growth over 80 per cent/year from now to 2023.

In 2021, Cen Land plans to increase charter capital by issuing about 106 million shares, raising charter capital to over 2,000 billion dong. In addition, Cen Land has intention to pay a dividend in 2020 at 10 per cent. Dividend payment shall be made in 2021.

Towards the best service and most advanced technology

Despite the COVID-19 pandemic, real estate is still an attractive investment channel for cash flow. In the first six months of 2021, the real estate market in Vietnam showed signs of recovery with growth prospects in certain areas. Industrial real estate continues to attract interest and investment. Apartment prices have risen due to limited supply pressure. Many experts estimate that the market in the last six months of the year will see many changes.

The real estate market has a lot of room for development and the ability to recover quickly after the pandemic is controlled. Supply is expected to increase by 30 per cent in 2020-2022 with high absorption.

Xanh Villas received great attention from investors and homebuyers.

In that context, the prospect of CRE was positively evaluated by TCBS when the real estate transaction volume recovered well and CRE started to sell products of VHM and NVL. Revenue from secondary investment in 2021 is expected to grow better when handing over projects such as Vuon Sen in Bac Ninh, Central Thanh Hoa and Hai Phong International Overseas Vietnamese Village.

In order to maintain its position, Cen Land continues to expand the professional and largest real estate service ecosystem that focuses on customers and real estate brokerage services. The brokerage network covers the country with member companies in about 30 provinces and cities, over 700 connected agencies and tens of thousands of authorised agents.

Pioneering in applying technology to the real estate, CRE acquires 100% of Cenhomes.vn - the largest proptech platform in Vietnam, a pioneer in digital transformation and technology application with big data.

Cen Land is the top player in the Northern brokerage market with 42 per cent and 15 per cent nationwide. The Company has good relationships with most reputable real estate developers. Cen Land is ranked No. 1 in the real estate brokerage in 2021 according to Vietnam Report.

Cen Land is selling many large projects such as: The Manor Central Park, Binh Minh Garden, Kien Hung Luxury, Xanh Villas, Vinhomes Ocean Park, Vinhomes Smart City (Hanoi); King’s Garden Resort, Wyndham Lynn Times Thanh Thuy (Phu Tho), Sol City in Ho Chi Minh City, Happy One Central in Binh Duong, Stella Mega City in Can Tho and Vinhomes projects.