Phat Dat Real Estate Development: 2022 Pdr Business Plan with Proposed 36.3% Stock Dividend


Phat Dat Real Estate Development Corporation (HoSe: PDR) will host its 2022 Annual General Meeting of Shareholders (AGM) on March 26, 2022. The agenda for the meeting will include the ratification of proposals for its 2022 business strategies as well as a dividend in shares of 36.3%. plan.

The 2021 project dividend payout plan

According to the company, the Board of Directors (BOD) will propose a 36.3% dividend payment plan for 2021 at the 2022 Annual General Meeting, marking the 7th consecutive year that Phat Dat has paid dividends since. 2015.

Together with the stock dividends, shareholders will significantly benefit from the good market price of the PDR ticker – a component of the VN30 index of stocks with high durability and liquidity. Additionally, shareholders also benefit from lower income taxes than cash dividends. PDR’s basic earnings per share (EPS) in 2021 was VND 3,656/share, up 49.6% year-on-year, delivering significant added value to shareholders and investors. By consistently achieving the plans and targets set out in its development strategy, PDR has consolidated trust among shareholders over the years.

Propose business targetsfor 2022

Regarding business targets, PDR expects profit before tax (PBT) to reach VND 3.635 billion in 2022, up 55.1% year-on-year, contributing to the cumulative PBT 2019 target. -2023 reaching 14,270 billion VND. PBT 2022 is proposed based on 4 key projects including Nhon Hoi Ecotourism Town – Binh Dinh Province, Area 9 High Rise Section, Astral City and Serenity Phuoc Hai.

Astral City is undergoing intensive construction to meet the deadline committed to customers and will be partially delivered in 4Q2022. To secure the established business plan, the company developed a three-shift construction schedule, all construction activities were aggressively implemented right after the social distancing period.

Accelerated construction stage up to 3 teams/day for Astral City.

In addition, the company has completed geological research at the Serenity Phuoc Hai project site, with construction expected to begin in March 2022 and sales in May 2022. Serenity Phuoc Hai is located on a beautiful and pristine coastal road with a unique strait . As a result, the project is seen as an excellent new factor in attracting investor connoisseurs to the Ba Ria-Vung Tau real estate market, as well as a national focal point.

Phat Dat remain consistent with long term goals

The establishment and implementation of annual business plans always runs parallel to the consistent long-term development and business strategy of PDR.

Phat Dat leverages its strengths in the residential real estate segment by focusing its resources on promising real estate projects and townships in emerging urban areas. They will be developed in the same way as the PDR projects in Binh Dinh to generate more revenue streams.

Additionally, after two years of a prolonged pandemic, demand for vacation and hospitality real estate has increased as health considerations take precedence. However, there is not enough effort for the wellness and hospitality real estate segment in tourist provinces such as Phu Quoc, Binh Dinh, Da Nang and Ba Ria – Vung Tau to capture the abundant tourism potential. Thus, this segment is one of the spearheads of PDR’s future business plan.

Typical PDR residential and hotel developments to be implemented in 2022 include Bac Ha Thanh (Binh Dinh), Bo Bac Residential Area (Quang Ngai), the project at No. 223 Tran Phu (Da Nang), Serenity Phuoc Hai, Poulo Condor, Tropicana (BR-VT) and Binh Duong Tower (Binh Duong).

Serenity Phuoc Hai with its scheduled opening for sale in May 2022

In the industrial park real estate segment, Phat Dat recognizes significant promise at a time when the national economy is undergoing many drastic changes alongside the wave of factory relocations in Vietnam. Thus, Phat Dat continues to use domestic and foreign resources to expand industrial land reserves, and accompanying urban services are also a target for investment. Specifically, Dung Quat IP (Quang Ngai), Da Nang and Binh Duong Industrial Parks, Cao Lanh IPs (Dong Thap) and Ham Ninh IP (Kien Giang) are among the projects to be implemented in 2022.

2021 in brief

Phat Dat closed 2021 with outstanding results in terms of business performance and market reputation. This was the first year in which Phat Dat’s pre-tax profit exceeded VND2 trillion (reaching VND2.344 billion), and the PDR ticker was officially added to the VN30 index by HOSE. In turn, PDR passed the market capitalization milestones of USD 1 billion and USD 2 billion and peaked at USD 2.117 billion on October 22, 2021. In the capital market, PDR also presented its good financial health with a rating of “B” credit by Fitch Ratings for a stable outlook. As 2022 dawns, Phat Dat expects further progress in all aspects, gradually completing its long-term strategic goals for 2021-2025.

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