Daily Call

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Daily Call
SSI Daily Equity Market Call with Update on National Assembly meeting, MarketVector Vietnam Index 2Q24 review results and VRE
SSI Daily Equity Market Call with Update on National Assembly meeting, MarketVector Vietnam Index 2Q24 review results and VRE
Market Wrap: The correction extended on heavy foreign pressure
Macro Update: Update on the National Assembly meeting and legal agenda for 2024 and 2025
Equity Research Update:
  • MarketVector Vietnam Index: 2Q 2024 review results
  • VRE VN (Outperform; TP VND 29,500): New mall inauguration support VRE to grow in mall leasing business

17/06/2024

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SSI Daily Equity Market Call with Update on PPP regulation, gold market, GEX and NLG

Market Wrap: The VN-Index lost hold at 1300 pts threshold and dropped to intraday low

Macro Update: Update on the PPP regulation and gold market

Equity Research Update:

  • GEX VN: Strong earnings growth in 1Q24 driven by industrial park segment and financial income
  • NLG VN (Market perform; TP VND 43,000): Envisioning a substantial presales recovery from last year

14/06/2024

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SSI Daily Equity Market Call with Update on VAT cut, drafts of CIT law, aviation sector and DCM AGM note

Market Wrap: The VN-Index hovered around 1300 pts level, seeking reinforcement and reassurance

Macro Update: Drafts of Corporate Income Tax Law (CIT Law) and VAT cut package

Equity Research Update:

  • Vietnam Aviation Sector Update: Flight time is now
  • DCM VN (Market Perform; TP VND 38,700): AGM Note

13/06/2024

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SSI Daily Equity Market Call with Update on inflation, iShares Frontier and Select EM ETF closing down, container shipping sector, HAH and VIB
Market Wrap: The VN-Index achieved 1300 pts threshold on regained confidence
Macro Update: Update on inflation control meeting
Equity Research Update:
  • iShares Frontier and Select EM ETF closing down
  • Container shipping update: Global supply chain disruption escalates into high season
  • VIB VN: EGM Note

12/06/2024

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SSI Daily Equity Market Call with Update on May trade data, NASC meeting and TNH

Market Wrap: The market was dragged down by staggering foreign sells

Macro Update: Update on May trade data, NASC meeting

Equity Research Update: TNH VN (Outperform; TP VND 25,900): 1Q24 results and AGM documents

11/06/2024

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SSI Daily Equity Market Call with Update on Goverment meeting and FTSE Vietnam Index 2Q24 review results

Market Wrap: Market inched upward on boom of Ports/Logistics and Rubber sectors

Macro Update: Update on Government meeting

Equity Research Update: FTSE Vietnam Index: 2Q 2024 review results

10/06/2024

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SSI Daily Equity Market Call with Update on MSCI 2024 market classification, QNS and DCM

Market Wrap: Ports and Logistics stocks soared as VN-Index edged up +0.31%

Macro Update: Update on MSCI 2024 market classification

Equity Research Update:

  • QNS VN (Market Perform; TP VND 56,700): High cash dividend
  • DCM VN (Market Perform; TP VND 38,700): Earnings to rebound on reduced depreciation

07/06/2024

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SSI Daily Equity Market Call with Update on steel sector and CTG

Market Wrap: The VN-Index bent on intensified foreign sells towards closing, unable to breakthrough 18-month high

Macro Update: Update on the monthly cabinet meeting minutes

Equity Research Update:

  • Updates on some steel protection measures
  • CTG VN (Outperform; TP VND 38,500): Setting sail

06/06/2024

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SSI Daily Equity Market Call with Update on public investment, gold market, GAS, DPM and VNM

Market Wrap: VN-Index continued to face pressure at 18-month high level

Macro Update: Update on public investment and gold market

Equity Research Update:

  • GAS VN (Market Perform; TP VND 84,000): Significant cash dividend yield for 2023
  • DPM VN (Market Perform; TP VND 35,200): Earnings recovery from last year’s low base
  • VNM VN (Outperform; TP VND 82,000): 5M2024 Results

05/06/2024

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SSI Daily Equity Market Call with Update on the MoF monthly meeting, ACV and MSN

Market Wrap: The market struggled when facing strong resistant level

Macro Update: Update on MoF monthly recap meeting

Equity Research Update:

  • ACV VN (Outperform; TP VND 136,000): A bright sky after the storm
  • MSN VN (Outperform; TP VND 93,400): A new phase of growth

04/06/2024

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SSI Daily Equity Market Call with Update on monthly cabinet meeting, gold market and DPR

Market Wrap: The market rallied on eased exchange rate pressure and decelerated foreign sells

Macro Update: Update on monthly cabinet meeting and gold market

Equity Research Update: DPR VN: Rubber prices highest in two years

03/06/2024

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SSI Daily Equity Market Call with Update on the gold market, exchange rate and QNS

arket Wrap: The market plunged on unsuccessful attempts to rebound

Macro Update: Update on gold, money market

Equity Research Update: QNS VN: 4M24 results

31/05/2024

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SSI Daily Equity Market Call with Update on the May National Assembly meeting, KBC, NT2 and MSN
Market Wrap: The market plunged hard then recovered at the end despite intimidating foreign sells
Macro Update: Update on the May National Assembly
Equity Research Update:
  • KBC VN: 2024 AGM documents
  • NT2 VN (Market Perform; TP VND 23,000): 2024 AGM 
  • MSN VN (TP VND 84,800): Update on the divestment of MSR from H.C Stark 

30/05/2024

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SSI Daily Equity Market Call with Update on May macro data, GAS and ACB

Market Wrap: The market plunged on intensified foreign sells throughout the day

Macro Update: Update on May macro data

Equity Research Update:

  • GAS VN: AGM and 1Q24 update: Significant cash dividend yield for 2023
  • ACB VN (Outperform; TP VND 36,000): An athlete for a long run

29/05/2024

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SSI Daily Equity Market Call with Update on land-related laws and HAH
Market Wrap: The market pulled a late rally and was fully recovered from last Fri’s plunge
Macro Update: Update on land-related laws
Equity Research Update: HAH VN: 1Q earnings should be the bottom

28/05/2024

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