The stock market has just had a week of positive recovery with significant improvement in liquidity. Cash flow continued to focus on real estate codes and helped this group become a bright spot in the market for the second consecutive week.
Looking back at the first 6 months of the year, cash flow in the stock market did not pay much attention to residential real estate stocks and most stocks in the industry tended to adjust downward such as NVL and DXG. , DIG, CEO…
However, the stocks of businesses have the ability to maintain good sales, have stories such as successful business restructuring, and good growth potential thanks to the advantage of accelerating the site clearance progress of projects. and complete paying land use fees according to the Government's old land price framework to maintain good profit margins in the upcoming period such as NLG, KDH... all maintain a good price level compared to VN-Index.
According to the assessment of experts from VNdirect Securities Company, part of the reason why the price movements of real estate stocks decreased is because the business results of this group are often slow in the first half of the year, thus not creating a positive impact. enough positive effects on investor psychology.
Dr. Nguyen Duy Phuong, Investment Director of DG Capital, said that opportunities for real estate stocks are still ahead, but may need to wait more time, especially with purchasing power in the current real estate market. Currently, it is still quite quiet and shows no signs of recovery.
Many businesses are also restructuring assets and paying off bonds . Therefore, it may take more time, at least until 2025, for the general operations of real estate businesses to become healthy and stable again.
Currently, many investors expect that revised laws (including the Housing Law, Real Estate Business Law, and Land Law) are expected to promote real estate market recovery.
The Land Law (amended) focuses on removing problems with land valuation and helping primary supply increase.
In addition, in the second half of the year, credit policy is gradually being loosened with low interest rates. Falling interest rates push demand for investment and home/land ownership to recover. Infrastructure is focused on promoting development, helping the price level of newly launched projects increase.
In the second half of the year, VNdirect experts expect that market sentiment will be supported by the acceleration of business results of businesses due to promoting home handover activities to customers.
However, it is difficult to expect a strong increase in this group in the second half of this year, but the recovery trend will be slow and gradually clear when the business and financial situation of businesses improves.
Investment opportunities in stocks in this industry will diversify. Enterprises that have proven in the past to have good project implementation capacity and fully legal projects; Having sold goods in the past as well as having a healthy financial situation, using low leverage... will be potential investment opportunities during this period.
On the contrary, businesses that do not have products for sale in the near future will continue to face financial challenges as well as challenges related to legal procedures to qualify for sale due to regulations. The laws are becoming increasingly strict.
