Yuanta Securities<\/strong> on November 7, the loan ratio at some real estate codes also changed compared to the list published at the end of October. In which, PDR’s lending ratio was lowered from 50% to 30%, and DIG’s lending ratio was lowered from 40% to 30%.<\/p>\n\n\n\nWith the stock price continuously falling sharply, lowering the margin lending ratio of securities companies is not too difficult to understand. However, this is making the already difficult situation even more difficult for real estate businesses.<\/p>\n\n\n\n
In fact, bonds are an important capital raising channel for real estate businesses. However, this capital mobilization channel has faced difficulties since the revised Decree 153\/2020\/ND-CP stipulates stricter standards on the issuance of corporate bonds (DN). As a result, capital flows into the real estate business face difficulties, projects are delayed, and the supply of new projects is scarce.<\/p>\n\n\n\n
On the other hand, the State Bank also strictly controls credit, especially capital flows into real estate business activities. While the credit bottleneck has not been removed, the plans to issue shares to raise capital of many businesses have also been suspended or postponed, also putting pressure on the capital mobilization of real estate businesses. The above difficulties are having a significant impact on real estate businesses in general as well as real estate stocks in particular.<\/p>\n\n\n\n
In the context of tightened credit channels, many business leaders have pledged shares at securities companies to get working capital. Data at the end of the third quarter of 2022 shows that the outstanding loans of securities companies are about VND 165,000 billion, an increase of about VND 15,000 billion compared to the previous quarter, although the market liquidity is quite bleak.<\/p>\n\n\n\n
In addition to lowering the margin lending rate in a series of real estate stocks, securities companies in the past 1-2 months have simultaneously increased their margin interest rates to range from 13-15%. \/five. The premises have now increased significantly compared to the level of 9-11% during the booming trading market a year ago.<\/p>\n\n\n\n
Phuong Linh\/Market Lifestyle<\/p>\n","protected":false},"excerpt":{"rendered":"
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