Company Insight

Kinh Bac City Development Holding Corporation (KBC) is one of the leading enterprises in the field of developing industrial parks and real estate projects. Kinh Bac owns real estate projects in all three regions, located in big cities such as Bac Giang, Hai Phong, Da Nang, Ho Chi Minh, and Long An, with a total area of more than 6,000 hectares. With the prospect of strong growth in FDI capital, demand for industrial parks is expected to grow strongly. Besides, 2024 is considered a booming year for KBC when important industrial park and urban area projects will begin to be exploited. We offer an initial valuation of KBC stock at VND 42,400 for a return of 34%. We use the RNAV valuation method to value KBC.