Daily Call

Market Focus: Exporters and Minerals shine amid continued market weakness

Macro Wrap: Auto tariff support extended, with broader export relief and higher production hurdles

Equity Research Update: Vietnam Residential Property Sector Update: Structural Shifts Reshape the Market

Market Focus: Tanker, Shipper, Rubber and Consumers emerged as drivers

Macro Wrap: Growth without cheaper money

Equity Research Update: Vietnam Industrial Parks Sector: Profit growth supported by improving land leasing take-up

Market Focus: Late-Session Rebound Emerged on Selective Bottom-Fishing Activities

Macro Wrap: Update on Proposed 0.2% Tax on Idle Land

Equity Research Update: Vingroup Investor Tour

Market Focus: Steel, Tanker and Consumer Discretionary Stocks Shined as VNIndex Recovered

Macro Wrap: Update on public investment

Equity Research Update: Vietnam Technology & Telecom: AI concerns and high rates pressure valuations, but earnings hold firm

Market Focus: PNJ Trading Surge Drives Market Turnover

Macro Wrap: Q3 2026 GDP: Faster Deployment, Uneven Reach

Equity Research Update: HOSE Index Ground Rules Update and VNDiamond 3Q26 Review Estimates

Market Focus: Vingroup and related stocks led market correction

Macro Wrap: Update on Vietnam’s Land Law Revision

Equity Research Update: Vietnam Banks · Regulatory update: Circular 50 Replaces Circular 22 - A Basel III upgrade, with a near-term easing tilt

Market Focus: VNIndex Extended Correction; Flows Rotated into Defensive Power Names

Macro Wrap: Auto tariffs tilt toward exports; fuel pricing moves to businesses

Equity Research Update: Vietnam Power sector: Continued high thermal power generation, the need of power supply development

Market Focus: Iran Theme Dominates as Oil, Tankers Rallied While Market remained under pressure

Macro Wrap: PPP 2.0: Vietnam Is Getting Better at Delivering Projects, Not Yet at Funding Them

Equity Research Update: VPB VN (Outperform; TP VND 26,500): Record profit, focus shifts to how this vintage of growth seasons

Market Focus: Energy and Insurers Rallied on Geopolitical and Rate Themes, While Brokers and Property Stocks Plunged

Macro Wrap: Update on bad debt resolution

Equity Research Update: 3Q2026 Corporate Earnings Preview

Market Focus: Vingroup Rebounded, Tanker and Shipping Stocks Stayed in the Fast Lane

Macro Wrap: Update on tax relief

Equity Research Update: PVS VN (Market Perform; TP VND 31,500): Strong 1H26 Results; Maydan Mahzam Award Strengthens Backlog

Market Focus: Post-Upgrade Selloff Deepens as VNIndex Broke the 1800pts Support

Macro Wrap: Vietnam retail sector regulation

Equity Research Update: MSN VN (BUY; TP VND 101,000): MSR Stake Sale to Support Group Capital Restructuring

Market Focus: Post-Upgrade Selling Pressure Weighed on Market Despite Bank Strength

Macro Wrap: Update on public investment

Equity Research Update: GMD VN (Market Perform; TP VND 88,000): Diversified assets buffer competitive pressure

Market Focus: Market Rebounded Broadly as ETF Distortions Dissipated

Macro Wrap: Legal update

Equity Research Update: FPT VN (Outperform; TP VND 79,100): Global IT momentum remains intact; Europe expands the runway

Market Focus: FTSE Upgrade Realized, Profit-Taking Emerged as Market Rotated

Macro Wrap: Update on money market and Vietnam exchange segmentation

Equity Research Update: HT1 VN (BUY; TP VND 15,800): Strong Demand and ASP Rebound Enable Stable Improvements via Healthy Cost Passthrough

Market Focus: Historic Debut as Vietnam Enters FTSE Emerging Markets

Macro Wrap: Banking system restructuring plan and sovereign bond

Equity Research Update: IDC VN (Outperform; TP VND 41,600): Positive Leasing Demand Outlook for 2026-2027