Cenland is one of the leading property brokerage companies in Vietnam, ranking second only to DXG in market share nationwide and first in market share in northern Vietnam. We expect Cenland’s performance to stay solid in 2018 with VND1.68tn in revenue (USD73mn, +50.3% YoY) and VND320bn in NPAT (USD13.9mn, +30.1% YoY), which translates into EPS of VND6,400 (-46.5% YoY).