Daily Call
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Market Wrap: Market is in search of new equilibrium amid correction pressure
Macro Update: News Briefing
Equity Research Update:
• MWG VN (BUY TP VND 73,000): 2M25 results: Early signs of recovery in the mobile phone sales
• NLG VN: Right issuance plan approval
21/03/2025
DownloadMarket Wrap: Despite correction pressure, market was driven to recovery by Financial stocks
Macro Update: Update on Property Sector
Equity Research Update: VHC VN: 2M25 Results Flash Note
20/03/2025
DownloadMacro Update: Tariff Thoughts
Equity Research Update: HSG VN (Market Perform; TP VND 18,000): 2025 AGM Flash Note: A tough year ahead
19/03/2025
DownloadMarket Wrap: Energy and Utilities rose amid market correction
Macro Update: Update on state budget
Equity Research Update: GAS VN (Market Perform; TP VND 71,400): GAS entered agreements in US to serve the long-term LNG supply for Vietnam
18/03/2025
DownloadMarket Wrap: VNIndex closed at day’s high with Banks and Realties as engines
Macro Update: Provincial Empowerment
Equity Research Update:
- VHM VN: Vinhomes Wonder City - Hanoi Officially Launched on March 10, 2025
- VNDiamond and VN30 Index 2Q25 review estimates
- Marketvector Vietnam 1Q25 review results
17/03/2025
DownloadMarket Wrap: Big caps continued to support the VNIndex
Macro Update: Update on Vietnam-U.s meetings & consolidation of administrative units
Equity Research Update:
ACV VN (BUY; TP VND 130,000): Commentary on Transfer of Airport Security Segment
VinFast: 2M25 deliveries
14/03/2025
DownloadMarket Wrap: Market finally corrected following 5 consecutive gaining sessions
Macro Update: Update on KRX and revised decree for Securities Laws implementation
Equity Research Update: HAH VN (BUY; TP VND 56,600): Earnings Peak Still Ahead
13/03/2025
DownloadMarket Wrap: The VNIndex recorded gains on hikes of a few pillar caps
Macro Update: Update on Administrative Unit Reform
Equity Research Update: GMD VN: Analyst Meeting Note
12/03/2025
DownloadMarket Wrap: Market showed resilience with correction windows deemed as opportunity to buy-in
Macro Update: Vietnam Market Upgrade: KRX Takes Charge of Transformation
Equity Research Update: KBC VN (BUY; TP VND 37,500): EGM 2025 approves ambitious growth for 2025
11/03/2025
DownloadMarket Wrap: Market exerted resilience despite accelerated profit-taking pressure
Macro Update: Update on cabinet meeting resolution
Equity Research Update:
- FTSE Vietnam Index: 1Q 2025 review results
- FRT VN (Outperform; TP VND 220,000): Long Chau capital raising catalyst ahead
10/03/2025
DownloadMacro Update: Update on inflation
Equity Research Update:
- PLX VN (Market Perform; TP VND 45,000): Pending the finalization of the Decree on Petroleum Business
- POW VN (Market Perform; TP VND 12,200): Long-term LNG supply agreement to benefit Nhon Trach 3&4 project over the long-term
- CTG VN (BUY; TP VND 49,100): Charming Top Gem
07/03/2025
DownloadMarket Wrap: The market pulled a strong rally, fuelled by rumors of OMO rate cut
Macro Update: February macro data and rate cut
Equity Research Update: [Flash Note] VIB VN (Market Perform; TP VND 21,100): Updates on huge block transaction
06/03/2025
DownloadMarket Wrap: A corrective session following weeks of well hold-up
Macro Update: Update on February Cabinet Meeting
Equity Research Update:
• REE VN (Market Perform; TP VND 80,000): Favorable weather conditions for hydropower with a long-term focus on renewables
• TNH VN (Market Perform; TP VND 23,000): Analyst meeting Flash Note
05/03/2025
DownloadMarket Wrap: Banks rose supporting a very resilient stock market
Macro Update: Update on government action over tariff risks
Equity Research Update: Vietnam ETFs 1Q25 review estimates
04/03/2025
DownloadMarket Wrap: The market maintained firm upward momentum disregarding BCG’s unfavorable news
Macro Update: Reform, Reform, Reform
Equity Research Update: Update on the Proposed Amendments to the Law on Credit Institutions
03/03/2025
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