In recent years, companies in the real estate brokerage industry have been listed on the stock market to seek new development opportunities, such as CENLand or Hai Phat Invest, or recently DXS. Holding a leading share of the brokerage market across the country, DXS has its own charm with many differences. The first thing to see is that DXS has a solid relationship with most investors in the market as it has the ability to participate in project development from the beginning, increasing the value of the project and bringing cash flows with a high rate of return for the company. Since 2003, the company has distributed more than 130,000 products from 500 projects of 200 investors. Besides, thanks to the parent group which is the investor of many projects, DXS has a major source of “back-up” products and is ahead of the many professional brokers looking to transform into real estate developers for better profit prospects. Meanwhile, the brokerages companies of large-scale real estate … [Read more...] about The IPO “blockbuster” DXS: Where does the power come from?
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Domestic travel resumed in a number of provinces/cities as a result of the country’s effective Covid-19 containment is a major boost for sales figure. The number of cars sold in Vietnam in March surged by 127% against the previous month to nearly 31,000 units, according to data released monthly by the Vietnam Automobile Manufacturers’ Association (VAMA). The sales figure for the first quarter rose by 36% year-on-year to 70,952. Source: VAMA The volume included over 21,000 passenger cars, representing a whopping increase of 119% month-on-month, while the remaining were commercial cars (9,277), and special-purpose vehicles (619). As many as nearly 17,200 locally assembled cars were sold in the period, up 99% against the previous month, and the figure of imported cars rose by 177% to around 13,800 units. Overall, the sales figure for the first quarter rose by 36% year-on-year to 70,952, in which both domestic- and imported cars recorded positive growth … [Read more...] about Vietnam car sales surge 127% in March
Vingroup’s billionaire Pham Nhat Vuong is taking an unexpected step entering the world's largest electric car market. Vingroup’s billionaire Pham Nhat Vuong Bloomberg has cited a source as saying that Vingroup Group (VIC) of billionaire Pham Nhat Vuong is considering an initial public offering (IPO) in the US for its VinFast auto company, which is expected to mobilize about $2-3 billion. VinFast expects a valuation of at least $50 billion or even up to $70-75 billion. With this valuation, the capitalization of VinFast will surpass the famous car maker Ferrari (capitalization at $52 billion), Honda ($51 billion), Ford ($49 billion), Kia ($30 billion) ... and only behind some famous brands such as Tesla, Toyota, Volkswagen, Mercedes Benz, GM, BMW and others. This is an unexpected move, but it is in line with his aim of conquering the top market in the world. The information was released when Vuong’s VinFast company began receiving the first orders for electric … [Read more...] about Billionaire Pham Nhat Vuong plans billion-dollar IPO in the US