Stock market profits "save" two real estate giants.

(Dan Tri Newspaper) - Tu Liem Urban Development Company and Da Nang Housing Company both made significant profits from stock investments, recording 58 billion VND in the third quarter and 128 billion VND in the first nine months, respectively.

The stock market has seen many positive developments recently. While the VN-Index maintained positive growth in July and August, it surged in September due to the news of its upgrade to emerging market status. At one point, the VN-Index jumped and set a new peak, surpassing 1,697 points.

Some businesses in the real estate industry, with a tradition of investing in stocks, have also reaped significant rewards from this "wave".

Tu Liem Urban Development Joint Stock Company (stock code: NTL) had no revenue from its real estate business in the third quarter. However, the company recorded financial revenue from interest on deposits and securities investments that was nearly four times higher than the same period last year, reaching nearly 58 billion VND.

Therefore, for the entire quarter, the business still made a profit of nearly 13 billion VND, 3.5 times higher than the same period last year, even though revenue was only nearly 4 billion VND.

The securities portfolio of Tu Liem Urban Development Company as of September 30 (Source: Q3 Financial Statements).

As of September 30th, Tu Liem Urban Area allocated nearly 474 billion VND to securities investments, more than three times the amount invested in the same period last year, accounting for 24% of total assets. The largest investment, worth over 238 billion VND, was in TCH shares of Hoang Huy Financial Services Investment Joint Stock Company. The company is expected to make a profit of approximately 100 billion VND from this investment.

In addition, the company's securities portfolio also includes DBC, DCM, HHS, HPX, PAN, SGT, and VAB. Of these, the company has temporarily set aside a provision of 8.5 billion VND - a very small amount compared to the investment value.

A similar situation occurred at Da Nang Housing Development Investment Joint Stock Company (stock code: NDN). In the first nine months, the company achieved revenue of nearly 20 billion VND, a decrease of 58% compared to the same period last year.

However, financial revenue exceeded VND 137 billion, an increase of 39%, of which more than VND 128 billion was profit from securities investments. As a result, profit for the first nine months reached over VND 145 billion, 3.5 times higher than the same period last year.

As of September 30th, Da Nang House's investment portfolio was quite diversified, totaling nearly 492 billion VND. VHM (Vinhomes) shares accounted for the largest proportion of the portfolio, reaching nearly 93 billion VND. With the recent upward trend of VHM shares, the company has temporarily earned a profit of approximately 84 billion VND.

Da Nang Real Estate also invested in shares of HPG, GMD, DGC, BSR , PNJ, HDG, TCB... With the positive market developments, the company reduced its provision for bad debts from 49 billion VND at the beginning of the year to 9 billion VND at the end of the third quarter.

Source: https://dantri.com.vn/kinh-doanh/lai-dau-tu-chung-khoan-cuu-2-ong-lon-bat-dong-san-20251027173434858.htm