Daily Call

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Daily Call
SSI Daily Equity Market Call with Update on July macro data, DBD and VHC 2Q24 earnings

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

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SSI Daily Equity Market Call with Update on 7M24 FDI flow, PAN, DPR and SAB 2Q24 earnings

Market 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

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SSI Daily Equity Market Call with Update on legislation revision, Vietnam market economy status and PNJ 2Q24 earnings

Market 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

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SSI Daily Equity Market Call with Update on the State IPO and divestment, ACB and NT2 2Q24 earnings

Market 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

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SSI Daily Equity Market Call with Update of SBV meeting on banking sector and IMP 2Q24 earnings

Market 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

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SSI Daily Equity Market Call with Update on the Vietnam equity market upgrade status and VHM 1H24 results

Market 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

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SSI Daily Equity Market Call with Update on consumer lending, trade data and TCM 1H24 earnings

Market 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

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SSI Daily Equity Market Call with Update on USD deposit interest rate cap, gold market and PPC 2Q24 results

Market 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

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SSI Daily Equity Market Call with Update on corporate bond market, FMC and TRA 1H24 prelim results

Market 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

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SSI Daily Equity Market Call with Update on the 1H24 State Budget and VNDIAMOND, VN30, VNFIN LEAD Indices 3Q24 review results

Market 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

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SSI Daily Equity Market Call with Update on the 8th National Assembly meeting and CTR 1H24 prelim results

Market 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

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SSI Daily Equity Market Call with Update on the revision of Decree 155 on Securities Law and the third draft of Decree on Petroleum business

Market 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

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SSI Daily Equity Market Call with Update on infrastructure development and power sector

Market 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

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SSI Daily Equity Market Call with Update on Vietnam demographics, 1H24 trade data and VGC

Market 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

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SSI Daily Equity Market Call with Update on public investment and IMP

Market 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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