According to TTC Land's leadership, in 2026, with the implementation of policies to remove legal obstacles and the improvement of the market, TTC Land's projects are expected to accelerate progress and gradually transform into revenue for the company.
TTC Land's annual general meeting for the fiscal year 2025 took place on the morning of April 23rd.
On April 23, 2026, Saigon Thuong Tin Real Estate Joint Stock Company (TTC Land, ticker SCR) held its annual general meeting of shareholders for the 2025 fiscal year.
Focusing on resolving legal issues and controlling cash flow
The meeting approved the 2026 business plan with a target of consolidated net revenue of VND 1,275 billion and consolidated pre-tax profit of VND 100 billion.
According to TTC Land's management, this is not a short-term profit maximization goal, but a strategic objective aimed at maintaining a stable financial foundation, preserving resources, and focusing on perfecting core elements for the next growth cycle.
Mr. Nguyen Thanh Chuong, Chairman of the Board of Directors of TTC Land, stated that in the context of the real estate market entering a phase of selective screening and recovery, the company identifies 2025-2026 as a pivotal transitional period. Instead of pursuing short-term growth, the company is focusing on strategic repositioning, strengthening its financial capacity, and completing the necessary conditions to be ready for breakthroughs when market conditions are favorable.
In 2026, TTC Land aims to continue resolving legal issues at key projects such as Charmington Iris, Charmington Dragonic, Panomax River Villa Lot K, and Charmington Tan Son Nhat. This is identified as a crucial factor determining the ability to realize land use rights into revenue and profit in subsequent phases.
Mr. Nguyen Thanh Chuong, Chairman of the Board of Directors of TTC Land
Mr. Vo Thanh Lam, General Director of TTC Land, stated that the majority of the company's value currently lies in projects undergoing legal completion. This is not a bottleneck, but rather a period of accumulation to prepare for growth in the coming years.
"In 2026, with the implementation of policies to remove legal obstacles and the improvement of the market, the projects are expected to accelerate and gradually transform into revenue for the company," Mr. Vo Thanh Lam said.
Along with completing the legal procedures for the projects, the TTC Land leadership stated that the company will continue to maintain a cautious operating policy, focusing on controlling cash flow, optimizing costs, and ensuring financial balance.
"In the context of a market that has not fully recovered, maintaining liquidity and proactively securing resources is crucial for timely project implementation," the General Director of TTC Land emphasized.
Restructuring the Portfolio, Perfecting the Cash Flow Generation Model
At the general meeting, one of the key resolutions approved was the plan to increase the ownership stake in Thanh Thanh Nam Joint Stock Company (TTN) to 99.6% through the issuance of exchange shares.
Following the merger, TTC Land plans to add over 42,000 m² of leasable floor space, consisting of assets already in operation with high occupancy rates and the potential for immediate cash flow generation. This will increase TTC Land's total leasable floor space from over 166,000 m² to approximately 208,000 m², contributing to the expansion of its operating assets and increasing the proportion of stable revenue sources.
The transaction also helps TTC Land perfect its business model by combining project development and asset operation. This combination shortens the revenue generation cycle and reduces cash flow lag – a common limitation for real estate businesses.
From a financial perspective, choosing to swap shares instead of using cash also helps the company maintain liquidity and focus resources on ongoing projects.
According to TTC Land's leadership, accepting short-term share dilution is a trade-off aimed at improving asset quality and long-term profit quality, thereby creating a basis for improving the company's valuation as the proportion of assets generating cash flow increases.
Regarding personnel matters, the general meeting approved the election of Mr. To Hoai Long as a new member of the Board of Directors, replacing Mr. Tran Van An.
Mr. Long has many years of experience in investment, construction, and business management, and is currently the Chairman of the Board of Directors of Dai Tin Construction and Steel Structure Joint Stock Company.
After the restructuring, TTC Land's Board of Directors still consists of 5 members, with Mr. Nguyen Thanh Chuong serving as Chairman of the Board of Directors. The newly elected members of the Board of Directors include Mr. Nguyen Thai Son, Mr. Nguyen Van Hoa, Mr. Nguyen Van Banh, and Mr. To Hoai Long.
According to CafeF Newspaper