After a feverish period in early 2022, from the second and third quarters, real estate began to show signs of slowing down and becoming gloomy at the end of the year.
To date, this industry has not yet overcome its difficulties. This is clearly reflected in the capitalization fluctuations of a series of large real estate enterprises on the stock market.
As of October 31, 2022, the market has 8 real estate enterprises with a market capitalization value of over 10,000 billion VND, including: Vinhomes Joint Stock Company (Vinhomes - stock code: VHM), No Va Real Estate Investment Group Joint Stock Company (Novaland - code: NVL), Industrial Development and Investment Corporation (Becamex - code: BCM), Vincom Retail Joint Stock Company (Vincom Retail - code: VRE), Phat Dat Real Estate Development Joint Stock Company (code: PDR), Khang Dien Housing Investment and Trading Joint Stock Company (code: KDH), Van Phu - Invest Investment Joint Stock Company (code: VPI), Construction Development Investment Joint Stock Corporation (code: DIG).
Data shows that Vinhomes is the real estate company with the largest capitalization value at VND 195,947 billion, followed by Novaland with VND 136,488 billion at this time.
According to data from Vietcap Securities Company, as of November 1, the market had 16 real estate enterprises with a capitalization scale of over 10,000 billion VND. After one year, the number of enterprises doubled but the scale decreased sharply.
Last year, Vinhomes' capitalization was at VND198,947 billion, but this year it decreased by 15% to VND169,820 billion.
The largest decrease in scale is Novaland, up to 82%. A year ago, Novaland ranked second in the market in terms of capitalization with VND 136,488 billion, but now it is only about VND 25,156 billion. This capitalization of Novaland is equivalent to the scale of Sunshine Homes Development Joint Stock Company (stock code: SSH), Khang Dien.
Another real estate company that has also sharply reduced its scale is Phat Dat, with its capitalization now less than 50% of last year's.
A rare case with a strong capitalization increase of 40% despite the frozen real estate market is Khang Dien. Last year, the capitalization value of this enterprise was at 16,722 billion VND, now it has increased to 22,860 billion VND.
Some other enterprises this year have capitalization reaching over 10,000 billion VND such as Sunshine Homes, Kinh Bac Urban Development Corporation (code: KBC), Nam Long Investment Joint Stock Company (code: NLG).
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