Daily Call

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Daily Call
SSI Daily Equity Market Call with Update on Vietnam’s April macro data and SAB
Market Wrap: Market secured firm hikes on positive news of trade negotiation progress
Macro Update: Update on Vietnam’s April macro data
Equity Research Update: SAB VN (Outperform; TP VND 58,000): 1Q25 Results Flash Note

06/05/2025

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SSI Daily Equity Market Call with Update on the National Assembly Meeting, POW and REE
Market Wrap: Market is flat and dry ahead of the holidays
Macro Update: Update on the National Assembly Meeting
Equity Research Update:
•           POW VN (Market Perform; TP VND 12,200): Future investment and operational focus and 1Q25 results
•           REE VN (Outperform; TP VND 80,000): 1Q25 results in-line with our expectations, driven by hydropower portfolio

05/05/2025

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SSI Daily Equity Market Call with Update on tariff, KRX, PDP VIII and HDG
Market Wrap: Market swiveled sideways on dropped liquidity ahead of the holidays
Macro Update: Update on tariff, KRX, PDP VIII
Equity Research Update: HDG VN (BUY; TP VND 30,700): 2025 AGM: Ambitious earnings guidance for 2025

29/04/2025

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SSI Daily Equity Market Call with Update on KRX and GMD
Market Wrap: VIC continued to drive the market to close at day’s high
Macro Update: Update on changes in the new trading system (KRX)
Equity Research Update: GMD VN (Outperform; TP VND 58,800): 1Q 2025 result

28/04/2025

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SSI Daily Equity Market Call with Update on legislation, TCB and BMP
Market Wrap: Market rebound reinforced thanks to Vingroup heroes
Macro Update: Legislation update
Equity Research Update:
•   BMP VN (Market Perform; TP VND 145,000): AGM: Positive 2025 earnings outlook is already priced in shares
•   TCB VN (Outperform; TP VND 31,400): 1Q25 business results

25/04/2025

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SSI Daily Equity Market Call with Update on Vietnam-US trade negotiation and Power sector
Market Wrap: Local sentiment improved backed by rebounds of global markets
Macro Update: Update on Vietnam-US trade negotiation
Equity Research Update:
Vietnam Power Sector Update: Revised Power Development Plan VIII: Powering ahead for a double-digit and sustainable growth

24/04/2025

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SSI Daily Equity Market Call with Update on Reciprocal Tariff, SCS and FPT
Market Wrap: Wild market swing triggered by Realty sell-offs
Macro Update: Update on Reciprocal Tariff
Equity Research Update:
SCS VN: 1Q25 updates: Stable Growth Before the Uncertain Period
FPT VN (Outperform; TP VND 129,600): 1Q25 results: APAC and Americas single-digit growth weighed on global IT revenue

23/04/2025

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SSI Daily Equity Market Call with Update on National Housing Development Fund and DBC
Market Wrap: Financial Services and VIC stocks sank the entire market
Macro Update: Update on National Housing Development Fund
Equity Research Update: DBC VN: AGM Flash note

22/04/2025

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SSI Daily Equity Market Call with Update on Vietnam export in first half of April and TCM
Market Wrap: Market edged up as sentiment improved
Macro Update: Foreign Trade and Domestic Growth Initiatives
Equity Research Update: TCM VN: AGM Flash note

21/04/2025

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SSI Daily Equity Market Call with Update on inflation, HPG and DPM
Market Wrap: Market rebounded from strong support level at 1200pts
Macro Update: Thoughts on policy rate cut
Equity Research Update: 
HPG VN (BUY; TP VND 33,500): 2025 AGM Note: Solid through the storm
DPM VN: 2025 AGM Note

18/04/2025

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SSI Daily Equity Market Call with Update on the Party’s National Conference, FPT and VN30 Index 2Q25 review results
Market Wrap: FPT weighed down the entire market
Macro Update: Key Takeaways from the Party’s National Conference
Equity Research Update:
•           FPT VN (Outperform; TP VND 129,600): Reaffirms 2025 guidance amid global uncertainties
•           VN30 Index 2Q25 review results

17/04/2025

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SSI Daily Equity Market Call with Update on Reciprocal Tariff Negotiation and PVT, SZC
Market Wrap: Market corrected following 3 straight sessions of V-shape rebound
Macro Update: Reciprocal Tariff Negotiation Update
Equity Research Update:
•           PVT VN (Outperform; TP VND 30,000): 2025 AGM quick commentary
•           SZC VN (Market Perform; TP VND 34,200): Signed Contracts Securing 2025 Growth

16/04/2025

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SSI Daily Equity Market Call with Update on Vietnam Railway Megaprojects and HPG
Market Wrap: Market rebound extended and strengthened
Macro Update: Update on Vietnam Railway Megaprojects
Equity Research Update: HPG VN (BUY; TP VND 33,500): 1Q 2025 sales report commentary

15/04/2025

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SSI Daily Equity Market Call with Update on the Party’s Central Committee Meeting, DGC, SAB and FOX

Market Wrap: Rebound reinforced on robust turnover
Macro Update: Update on the Party’s Central Committee Meeting
Equity Research Update:
•           DGC VN (Outperform; TP VND 101,000): AGM Note: Conservative 2025 guidance
•           SAB VN (Outperform; TP VND 58,000): Upgrading on price weakness
•           FOX VN: A Bold Play in Vietnam Telecom

14/04/2025

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SSI Daily Equity Market Call with Update on Vietnam-US Reciprocal Trade Negotiation and HHV
Market Wrap: The local market made a sharp U turn with the VNIndex itself hitting limit up
Macro Update: Update on Vietnam-US Reciprocal Trade Negotiation
Equity Research Update: HHV VN (BUY; TP VND 13,000): 2025 AGM: Steady Growth for 2025

11/04/2025

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