Daily Call
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Macro Update: Update on government meeting with private sector
Equity Research Update: DPM VN (Outperform; TP VND 38,300): Poised for a turnaround on VAT tailwinds
02/06/2025
DownloadMacro Update: Update on Vietnam’s Domestic Carbon Market Exchange
Equity Research Update:
• IDC VN (Market Perform; TP VND 50,100): Softening Commitments, Solid Fundamentals
• NT2 VN (Outperform; TP VND 21,500): Recharging growth: Earnings set to rebound in 2025–2026
30/05/2025
DownloadMacro Update: Progress on Vietnam’s Gold Market Reform
Equity Research Update: NLG VN (Outperform; TP VND 42,500): Pre-Sales Recovery Gains Ground
29/05/2025
DownloadMacro Update: Vietnam’s Railway Mega-Projects
Equity Research Update: VNM VN (Outperform; TP VND 65,000): Lowering Expectations Resultant of Ongoing Restructuring
28/05/2025
DownloadMacro Update: MSCI Finalizes Enhancements to Market Classification Framework
Equity Research Update: PVS VN (Outperform; TP VND 33,000): Analyst Meeting note – Margin Pressure, but Bright Top-line Prospects
27/05/2025
DownloadMacro Update: Update on government meetings
Equity Research Update: MWG VN (Outperform; TP VND 74,000): Analyst meeting note
26/05/2025
DownloadMacro Update: Update on the International Financial Center Initiative
Equity Research Update: VCB VN (Outperform; TP VND 69,000): 1Q25 AM: Challenged but Central
23/05/2025
DownloadMacro Update: Resolution 68 in Action
Equity Research Update: Consumer Sector Update: Some interesting trends
22/05/2025
DownloadMacro Update: Update on Trade Negotiation & Performance
Equity Research Update: VPB VN (Outperform; TP VND 21,000): Guarded Growth
21/05/2025
DownloadMacro Update: Update on new developments in market upgrade
Equity Research Update:
• FPT VN (Market Perform; TP VND 122,500): April earnings pressured by global macro headwinds
• SAB VN (Outperform; TP VND 58,000): Not so smooth
20/05/2025
DownloadMarket Wrap: Foreign inflows ceased and market corrected
Macro Update: Advancing Private Sector Development through Strategic Resolutions
Equity Research Update: BCM VN: Modest profit growth outlook amid tariff concerns impacting leasing demand
19/05/2025
DownloadMacro Update: Key Takeaways from Recent Government Meetings
Equity Research Update: STB VN: Old but Gold
16/05/2025
DownloadMacro Update: Update on Trade and Crypto Asset Regulatory Developments in Vietnam
Equity Research Update: DGW VN (Market Perform; TP VND 38,000): Q1 2025 Earnings Reflect Mixed Performance
15/05/2025
DownloadMarket Wrap: Positive progress on global trade negotiation front pushed up the local market
Macro Update: Update on the National Assembly Meeting
Equity Research Update: KBC VN (BUY; TP VND 37,500): Update on the groundbreaking of Trang Due 3 Industrial Park
14/05/2025
DownloadMacro Update: Update on Tariff De-escalation
Equity Research Update: HPG VN (BUY; TP VND 33,500): Update on Dung Quat 1 blast furnace incident
13/05/2025
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