Amidst a broader market downturn and heightened selling pressure, Saigon Real Estate Corporation’s (SGR) shares defied the trend, surging to their upper limit of 17,500 VND per share. Trading volume also saw a notable uptick, with hundreds of thousands of shares changing hands during the morning session alone.
This rebound is particularly striking given the stock’s recent correction phase. Compared to four months ago, SGR’s market price has plummeted by nearly 50%.
SGR’s rally followed Saigonres’ announcement of its 2025 financial results and 2026 business plan, both of which highlighted several positive developments.
In 2025, the company reported revenue of 337 billion VND and pre-tax profit of 159 billion VND, marking a 123% and 101% increase, respectively, compared to 2024.
While these figures represent impressive growth, they fell short of the targets set during the April 2025 Annual General Meeting. Saigonres had initially aimed for consolidated revenue of 1,025 billion VND and post-tax profit of 320 billion VND, which would have been four and 5.3 times higher than the previous year’s results, respectively.
For 2026, Saigonres has set ambitious targets, with a projected investment of 3,850 billion VND, revenue of 1,380 billion VND, and pre-tax profit of 380 billion VND. These figures represent a 310% and 139% increase compared to 2025. If achieved, this would mark the company’s highest revenue and profit since it began disclosing financial reports in 2008.
Additionally, Saigonres’ Board of Directors has decided to postpone the dividend payment for 2024 to April 2026, instead of the initially planned Q3 2025. The total dividend value remains unchanged at 60 billion VND.
Prior to this, the company received several positive updates regarding project legality and progress. On November 6, 2024, the People’s Committee of Thai Nguyen Province approved Saigonres as the investor for the Nam Tien 2 Urban Area project, spanning 35.2 hectares with a total investment of 4,253 billion VND.
Subsequently, on September 19, 2025, the Yen Binh Concentrated Information Technology Zone project, covering 200 hectares, received investment approval from the Thai Nguyen Provincial People’s Committee. This project, the largest of its kind in Vietnam, has a Phase 1 investment capital of 3,534 billion VND.
In the southern region, Saigonres commenced construction on several large-scale projects in August 2025, including Phu Dinh Riverside (Phu Dinh Ward) and Saigon An Phu Residential Area (Tan Khanh Ward). The simultaneous execution of projects in Ho Chi Minh City and the northern region has significantly increased the company’s workload, fostering expectations of stable revenue streams from 2026 onwards.
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