TTC Land continues to expand its industrial land fund

According to market reports in recent years, industrial real estate will be a growing segment preferred after by domestic and foreign investors, especially in the coming time when Vietnam accelerates Covid-19 vaccination program creates community immunity and recovers production and business activities, industrial real estate will keep rising strongly, becoming a leading investment channel for the market.

Understanding the market demand for this segment, on October 28th, 2021, Thanh Thanh Cong Real Estate Corporation, a member company of Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land, Stock code: SCR), successfully auctioned 5 land plots with a total area of 293,749 m2 owned by Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) in Song Than Industrial Park worth nearly VND 2,000 billion, increasing the land fund for warehouse and workshop for lease to more than 500,000 m². These blocks are parts of the 178-hectare Song Than Industrial Park in Binh Duong province, which is a highly desirable location in the area and will ensure consistent exploitation efficiency and great revenue for the Company in the long term.

Thanh Thanh Cong Industrial Real Estate Corporation's warehouse and industrial properties system cover from Ho Chi Minh City to Tay Ninh, Long An, and Binh Duong, as well as Ba Ria and Vung Tau.

Consequently, TTC Land and its member companies worked together within this year to successfully build a new land fund of up to 320 hectares. This will help TTC Land expand its operating scale, increase new and stable revenues, and reinforce TTC Land's medium and long-term sustainable growth strategy.

According to TTC Land's Quarter 3 financial report, consolidated net revenue reaches VND 1,574 billion, up 4.5 times over the same period, nearly 5 % higher than the same period last year compared to the full-year plan; cumulative consolidated pre-tax profit reaches nearly VND 233 billion, up nearly 3 times over the same period, and reaches 101 % of the VND 23 billion full-year plan. That success is the result of a flexible business strategy, a proper management foundation, a healthy financial capacity, a highly qualified and competent human resource, and a thorough observation and analysis of the market movement to plan for the company's best performances.

Investors have expressed their trust and positive expectations in TTC Land's reorganization of operations and suitable development strategy in the first nine months of 2021, based on outstanding business performance. And this is proven by the fact that on November 2nd, 2021, SCR's share price officially hit its highest level in recent years (15,700 VND/share), equivalent to a market capacity of more than VND 5,751 billion.