KOSY GROUP AND ITS STRATEGIC PURPOSES
From the affair of “hot” project in the provinces
2018 is the 10th year of the Kosy Group known in the market. However, few know that the initial success of this business was associated with the role of a contractor of civil construction, bridge and road industry, irrigation and leveling. Only to 2011, realizing that potential investment opportunities in some provinces and cities are on the rise, such as Lao Cai, Bac Giang and Thai Nguyen, Kosy Group officially moved to real estate.
However, despite the advantage of many projects with strategic location and good infrastructure connections, the impact of the market crisis has not really created a breakthrough for this business. To the period of 2015 – 2016, the market has been recovered and projects in Kosy Lao Cai, Kosy Bac Giang, Kosy Cau Go, Kosy – Gia Sach, Kosy – Song Cong have become profitable for Kosy Group.
If Kosy’s net revenue was only 3.86 billion and net profit after tax was only 465.4 million dong in 2015, then the accounting of these projects has contributed a large part to the revenue, up to 407.6 billion dong of net revenue (up 39 times) and after tax profit of 20.5 billion dong (44 times more) in 2016.
In particular, in 2017, although the official report, as recorded from the results of the first nine months of the year, the number of profits was approximately the whole of 2016, while the last quarter of the new year was the time that Kosy finalized most profitably when many projects were completed and handed over to cutsomers.
Shared with Real Estate Investment, Chairman of Kosy Group, Nguyen Viet Cuong said that the niche market was the provinces, may not be as exciting as Hanoi, Ho Chi Minh City or Da Nang, but the local leaders were very interested and willing to create favorable mechanisms for businesses to invest, even facilitate many favorable conditions for businesses. Especially, in recent years, Lao Cai, Bac Giang or Thai Nguyen have a very fast urbanization, so advantage of the Kosy Group in investment in the above is high .
It can say that at the starting, Kosy Lao Cai project was considered as a suburban area without many interests. However, when commencing the project, the city has spread to the suburbs and now the project is located in the center of the city, becoming one of the most notable projects in the Lao Cai real estate market.
And the story of achievement in 2018
After a series of successes and a solid financial foundation, at the end of 2017, Kosy Group officially formalized its strategy by listing 41.5 million shares of the Kosy JSC. (the largest enterprise in the chain of nine members of the Kosy Group) on UPCoM.
The purpose of listing is to mobilize long-term capital and bring the Kosy Group brand closer to the public investors and customers. This will be the starting step for Kosy to officially list on two large stock exchange such as HOSE and HNX or one when the two exchanges are expected to unify for the second quarter 2018.
This is a necessary step, because according to the management of Kosy Group, although foreign capital flows are very interested in real estate stocks, especially those with high growth rates and long term potential , but they are also very difficult investors, and should look at the professionalism of the business, both in information disclosure and in the way of operation and management model to make their decisions.
It is also necessary to diversify investment activities of Kosy Group. In 2018, Kosy will simultaneously carry out a series of large-scale urban projects such as Kosy Vinh (Nghe An, Kosy Viet Tri (Phu Tho, 70 ha), Kosy Ninh Binh (46.7ha) …
Especially, in 2018 Kosy Group will officially enter the market in Hanoi with the project Kosy Dong Anh up to 20ha of area in the north of Nhat Tan Bridge, Hanoi. The project consists of 6 high buildings of 30 – 35 floors and 400 adjacent villas with a total investment of over 4,000 billion.
After successful implementation, the project will be expected to become a market hit in the North East of Hanoi.
– According to Tinhnhanhchungkhoan.vn-