Daily Call
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Market Wrap: The VNIndex surpassed 1300pts before cooling off to slightly lower level
Macro Update: Update on Sept PMI
Equity Research Update: Vinfast: Adopting a more prudent approach
01/10/2024
DownloadMarket Wrap: Market slightly corrected on retreated volume followed 2 weeks of rally
Macro Update: Update on the SBV’s circular proposal on the debt restructure for Yagi-impacted borrowers
Equity Research Update: DGC VN (Outperform; TP VND 137,000): Back to growth from 2H24
30/09/2024
DownloadMarket Wrap: Gains diminished and volume spiked on ETFs’ rebalancing activities
Macro Update: Update on Jan-Sept ‘24 public investment
Equity Research Update: Vietnam data center industry: Promising growth outlook in a relatively small market size environment and favorable market conditions
27/09/2024
DownloadMarket Wrap: The VNIndex experienced a boost from strong Asian markets, reaching a high before settling as it neared the resistance level.
Macro Update: Update on the money market movement
Equity Research Update: CTR VN (Market Perform; TP VND 135,000): Slower-than-expected construction progress of BTS sites
26/09/2024
DownloadMarket Wrap: The local market performed even better than yesterday, driven by confidence in the Chinese government's stimulus initiatives and the US rate cut trajectory.
Macro Update: Update on public investment and Circular 06 on debt restructuring
Equity Research Update:
DBC VN: Update on hog producer after Typhoon Yagi
Unlocking Insights: SSI - GATEWAY TO VIETNAM: The U.S Election and Vietnam
25/09/2024
DownloadMarket Wrap: Despite a feeble morning, momentum picked up in the afternoon backed by a rush of buying-spree on exhausted sells.
Macro Update: Update on the list of economic sectors
Equity Research Update: HAH VN (Outperform; TP VND 47,200): Breaking the limit
24/09/2024
DownloadMarket Wrap: The VN-Index experienced a decline due to capital retreats
Macro Update: Update on the government-level conferences
Equity Research Update: GVR VN (Market Perform; TP VND 36,100): Expected better performance during 2H24 driven by higher rubber price
23/09/2024
DownloadMarket Wrap: Gains diminished and volume spiked on ETFs’ rebalancing activities
Macro Update: Update on trade data
Equity Research Update: HDB VN: 2Q24 business results
20/09/2024
DownloadMarket Wrap: Market accelerated increases last min on low volume
Macro Update: The Fed Rate Cut on Vietnam exchange rate & Pilot resolution for commercial housing projects
Equity Research Update: PNJ VN (Outperform; TP VND 120,000): 8M24 result
19/09/2024
DownloadMarket Wrap: The VN-Index continued its upward momentum yesterday, driven by the news of a signed circular on No-Prefunding Solutions (NPS)
Macro Update: Update on NPS circular & state divestment
Equity Research Update:
- VHC VN (Outperform; TP VND 88,000): Aug ’24 results – Highest monthly sales recorded in the last 24 months
- GAS VN (Market Perform; TP VND 79,000): Increasing contribution from the LNG segment
18/09/2024
DownloadMarket Wrap: Market witnessed swift vertical rally on low volume
Macro Update: Update on 2025 GDP growth estimates
Equity Research Update:
- FPT VN (Outperform; TP VND 142,800): 8M24 results were in line with our expectations
- HPG VN (Outperform; TP VND 31,400): Sales pulled off a recovery in August, driven by exports
- DBD VN (Market Perform; TP VND 45,000): Muted growth prospects without short-term catalysts
17/09/2024
DownloadMarket Wrap: The VN-Index struggled to maintain its reference level and closed at the intraday low
Macro Update: Update on Typhoon Yagi impact and the money market
Equity Research Update:
Vietnam Market Vector Index 3Q24 review result
PVD VN (Outperform; TP VND 32,000): Continued solid industry fundamentals
16/09/2024
DownloadMarket Wrap: The VN market continued to be weighed down by weak sentiment on concerns over magnitude of impacts of the Yagi typhoon
Macro Update: Update on NASC meeting
Equity Research Update: VHM VN: Robust growth driven by a recovery of the Hanoi market
13/09/2024
DownloadMarket Wrap: Despite strong rebound of the US market, the VN market recovered with little strength
Macro Update: Update on August trade data & Standing Committee legislative meeting
Equity Research Update: VNDiamond Index 4Q24 review estimates
12/09/2024
DownloadMarket Wrap: Market struggled to recover from previous sessions’ declines, sentiment remained weak
Macro Update: Update on the typhoon Yagi impacts to Vietnam’s economy
Equity Research Update: PLX VN (Market Perform; TP VND 48,000): Positive impact from new regulation priced in
11/09/2024
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