Daily Call
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Market Wrap: Market felt weak despite the VN-Index hovering on ‘green territory’ throughout the trading day
Macro Update: Quick update on July macro data
Equity Research Update:
- DBD VN: 2Q24 results Update
- VHC VN: 2Q24 results Update
29/07/2024
DownloadMarket Wrap: Market recorded stronger rebound at close, ending the week on a high note
Macro Update: Update on Jan-Jul ‘24 FDI flows
Equity Research Update:
- PAN VN: 2Q24 results update
- DPR VN (Outperform; TP VND 47,600): Triple digit net income growth driven by increase in natural rubber and compensation income
- SAB VN (Market Perform; TP VND 61,200): 2Q24 results update
26/07/2024
DownloadMarket Wrap: The local market spiralled downward, following US market’s footsteps, on muted liquidity
Macro Update: Update a law amending several laws & market economy status
Equity Research Update: PNJ VN (Outperform; TP VND 112,000): 2Q24 results update
25/07/2024
DownloadMarket Wrap: Overwhelmed by selling pressure in the morning, buying forces started to pick up in the afternoon
Macro Update: Update on the IPO in the pipeline
Equity Research Update:
• ACB VN: A beat in 2Q24
• NT2 VN (Outperform; TP VND 23,200): H1 2024 business results
24/07/2024
DownloadMarket Wrap: The market essentially stood still in the morning, however selling pressure intensified in the afternoon and sent the VN-Index in a painful plunge
Macro Update: Update of SBV meeting on banking industry
Equity Research Update: IMP VN: 2Q24 results update
23/07/2024
DownloadMarket Wrap: Concerns over several uncertainties and record high margin level sent the VN-Index plunging
Macro Update: Update on the Vietnam equity market upgrade status
Equity Research Update: VHM VN (Outperform; TP VND 69,400): 1H24 earnings note
22/07/2024
DownloadMarket Wrap: The VN-Index closed at day’s low with only the Discretionary sector recording gains
Macro Update: Update on consumer lending and trade data
Equity Research Update: TCM VN (Market Perform; TP VND 53,800): 2Q24 Preliminary results
19/07/2024
DownloadMarket Wrap: Crawling sideways in the morning, market unexpectedly picked up at the end
Macro Update: Update on USD interest rate cap and gold market
Equity Research Update: PPC VN: 2Q24 results trailed our forecasts
18/07/2024
DownloadMarket Wrap: A volatile trading day, banks were up whereas the remaining of the market went under
Macro Update: Law update to address corporate bond market
Equity Research Update:
- Fishery update and FMC 1H24 sales results
- TRA VN: 1H24 prelim business results
17/07/2024
DownloadMarket Wrap: Market hovered above reference, supported by rise of Healthcare and Banks
Macro Update: Update on the 1H24 State Budget meeting
Equity Research Update: VNDIAMOND, VN30, VNFIN LEAD Indices 3Q24 review results
16/07/2024
DownloadMarket Wrap: The VN-Index closed flat with extended rise of policy-driven Oil/Gas sector and Renewable Power stocks
Macro Update: Update on the 8th NA meeting and HCMC public investment plan
Equity Research Update: CTR VN (TP VND 133,200): 1H24 prelim results slightly trailed our forecasts
15/07/2024
DownloadMarket Wrap: Market trended sideways, supported by rise of VIC group stocks
Macro Update: Update on the revision of Decree 155/2020 on Securities Law
Equity Research Update: Update on the petroleum price formula in the 3rd draft of the Decree on Petroleum Business
12/07/2024
DownloadMarket Wrap: The VN-Index closed at intraday low despite good rally of Securities and Realty stocks
Macro Update: Update on infrastructure investment
Equity Research Update: Vietnam Electricity Sector Update: Approval of DPPA mechanism
11/07/2024
DownloadMarket Wrap: Local market finally saw correction after streak of 7-day rally
Macro Update: Update on Vietnam demographics and 1H24 trade data
Equity Research Update: VGC VN (Market Perform; TP VND 55,600): Focusing on industrial park and social housing
10/07/2024
DownloadMarket Wrap: The VN-Index secured a 7-day-straight rally on hikes of Materials and Power stocks
Macro Update: Update on public investment
Equity Research Update: IMP VN: New share issuance plan update
09/07/2024
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