Daily Call

Market wrap: Blue-chips surge pulling VN-Index higher 

Macro wrap: Update on Vietnam resuming international flights

Equity wrap: VEA VN (Market Perform; TP VND 45,500): Previous forecast off-the-mark, as motorcycle market post-Covid fails to recover

Market wrap: Mix trading among key sectors as traded liquidity remains low

Macro wrap: Update on supporting measures

Equity wrap: HND VN (Market Perform; TP VND 20,900): Favorable in FY20, but Headwinds for FY21

Market wrap: Both bourses ended in the red as traded volume remains low

Macro wrap: Update on Vietnam trade in June

Equity wrap: AST VN (Market Perform; TP VND: 59,250): 2020 AGM: Maintaining expansion plans through tough times

Market wrap: Stocks lost grounds pressing the bourses lower

Macro wrap: Update on Vietnam partly resumption for international flights

Equity wrap: Q2 2020 Vietnam real estate sector summary: A tale of two cities

Market wrap: Blue-chips surge extending the market gains

Macro wrap: Update on the government’s 2020 target

Equity wrap: Quick Update: Corporate bond and deposit rates downtrend

Market wrap: Both bourses struggle to inch further amid heavy foreign sell-offs

Macro wrap: Update on SOE divestment

Equity wrap: SAB VN (Market Perform): Recovery sign since mid Q2 delivered in 2020 AGM

Market wrap: Traded volume improves leading VN-Index closer to 870 level 

Macro wrap: Update on fiscal policy

Equity wrap: VND VN: AGM Note: Leveraging digitalization for wealth management strategy

Market wrap: Blue-chips recovery carries VN-Index above 860 level pts

Macro wrap: Update on State Securities Commission proposal to support the stock market

Equity wrap: DGW VN: Taking A Bite of The Apple

                       VJC VN: 2020 AGM Flashnote: Domestic network resumed amid the pandemic

Market wrap: VN-Index edges higher despite key sectors' mix trading

Macro wrap: Update on Vietnam state budget in 1H20

Equity wrap: KDH VN: AGM Flash note:  Positive growth backed by solid pipeline

                      CTD VN: Likely Easing Tension between the Chairman and the Key Investors Group

                      HBC VN: Seeing thinner net margin per company guidance

Market wrap: Stocks trade mix as market liquidity remains low

Macro wrap: Update on the cabinet meeting

Equity wrap: PLX VN: Conservative business plan for 2020 due to impact of Covid-19

                       VIB VN: Bold plan for 2020

Market wrap: Both bourses recover amid muted traded liquidity

Macro wrap: Update on interest rate & inflation 

Equity wrap: VN30 Index 3Q20 review estimates

                       BVH VN: AGM Note: Flat profit growth in 2020

                       LPB VN: AGM Note: Shifting the listing to HSX, raising FOL for new capital raise

Market wrap: VN-Index remains below 830 level as blue-chips drift away from morning gains

Macro wrap: Update on SOE divestment

Equity wrap: VCB VN (Market Perform; TP VND 89,900): AGM Note: Expecting a soft landing, after years of strong growth

Market wrap: Heavy selloffs pressure both bourses to edge lower

Macro wrap: Update on Vietnam economy in 1H20

Equity wrap: MBB VN: Lower growth target as compared to peers

                       VCI VN: AGM Note: Another year of low earnings when investment banking is hit hard

Market wrap: Both bourses drop lower as traded volume remains weak

Macro wrap: Update on Vietnam FDI in June

Equity wrap: HPG VN: Strong growth target for 2020 amid the Covid-19 outbreak

                   VNM VN (Outperform; TP VND 135,000): Positive Q2 results undeterred by Covid-19: Maintained Outperform rating

Market wrap: VN-Index tumbles further as foreign net sell returns

Macro wrap: Update on interest expense cap on related party transaction

Equity wrap: BMP VN: AGM notes: The drop in raw materials price can further help to boost earnings in the coming months