TAL [NOT RATED] - Large upcoming projects to drive earnings until 2027 - Visit Note
  • 2024-04-01T00:00:00
  • Company Research

- Taseco Land JSC’s (UPCoM: TAL) main business activity is real estate development (contributing to 83.4% of 2023 net revenue), followed by construction (9.5%), and other services (7.1%).

- TAL currently owns a land bank of over 500 ha in northern Vietnam with diverse types of investment, including residential real estate, hospitality real estate, and industrial parks.

- TAL was listed on UPCoM on January 9, 2024, with the initial stock offering price of VND24,000/share, equivalent to a P/B ratio of 1.7x.

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