Company Insight

Khang Dien House Trading and Investment JSC (HOSE: KDH) is a leading residential developer in Ho Chi Minh City, with ~620 ha of land bank concentrated in the eastern and western areas, targeting the mid- and high-end segments. In 6M2026, profit surged on non-recurr ing income, while handovers and sales remained low. We expect sales to recover from H2/2026 as Gladia accelerates commercialization. Based on RNAV, we recommend BUY with a target price of VND24,200.