BSC Research recently issued a positive report on Novaland (NVL), forecasting that in 2025, it could recover 4,358 billion VND of provisions at the Lakeview project. This projection is based on legal completions for the AquaCity and NovaWorld Phan Thiet projects. In the second half of 2025, NVL is expected to hand over 1,421 products, with several projects awaiting sales permit approvals and land pricing decisions. BSC noted that Novaland is focusing on improving cash flow and optimizing resources through partnerships with other investors. Additionally, the shareholders’ meeting approved the issuance of shares for debt swaps, facilitating easier negotiations with creditors. Although there are dilution risks for current shareholders, BSC believes that debt restructuring is the company’s top priority.
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