Daily Call
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Macro Update: Key Takeaways from Recent Government Meetings
Equity Research Update: STB VN: Old but Gold
16/05/2025
DownloadMacro Update: Update on Trade and Crypto Asset Regulatory Developments in Vietnam
Equity Research Update: DGW VN (Market Perform; TP VND 38,000): Q1 2025 Earnings Reflect Mixed Performance
15/05/2025
DownloadMarket Wrap: Positive progress on global trade negotiation front pushed up the local market
Macro Update: Update on the National Assembly Meeting
Equity Research Update: KBC VN (BUY; TP VND 37,500): Update on the groundbreaking of Trang Due 3 Industrial Park
14/05/2025
DownloadMacro Update: Update on Tariff De-escalation
Equity Research Update: HPG VN (BUY; TP VND 33,500): Update on Dung Quat 1 blast furnace incident
13/05/2025
DownloadMacro Update: Update on Private Sector Promotion
Equity Research Update: VPL VN: Listing Report Summary
12/05/2025
DownloadMacro Update: Update on Reciprocal Tariff Negotiation
Equity Research Update:
• MSN VN: AGM and 1Q25 results
• CTR VN (Outperform; TP VND 102,400): In-line 1Q25 earnings, long-term resilient growth target
09/05/2025
DownloadMacro Update: Update on electricity price
Equity Research Update: Vinpearl JSC (VPL): Listing Approved
08/05/2025
DownloadMacro Update: Thoughts on growth target
Equity Research Update: HDB VN (Outperform; TP VND 25,000): 1Q25 Business Results
07/05/2025
DownloadMacro 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
DownloadMacro 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
DownloadMacro 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
DownloadMacro 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
DownloadMacro 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
DownloadMacro 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
DownloadFPT 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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