Daily Call
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Market Wrap: VNIndex moved sideways in a narrow band and net buying came back from foreign investors
Macro Update: Update on Jan-Aug public investment
Equity Research Update: ACB VN: 2Q24 business results
30/08/2024
DownloadMarket Wrap: Banks lifted VNIndex higher on muted liquidity
Macro Update: Update on credit growth quota
Equity Research Update: KDH VN (BUY; TP VND 45,700): The Privia handover supportive strong earnings growth through 2025
29/08/2024
DownloadMarket Wrap: Market trended sideways at the upper-band of the VN-Index
Macro Update: Update on infrastructure development
Equity Research Update: Vietnam ETFs 3Q24 review estimates
28/08/2024
DownloadMarket Wrap: Market was weighed down on profit-taking pressure despite strong surge of pillar Vingroup’s stocks
Macro Update: Update on money market movement and exchange rate
Equity Research Update:
CTG VN (Outperform; TP VND 38,500): Bad debt settlement on track
PNJ VN (Outperform; TP VND 120,000): Market share gain in the context of strict inspection over gold origin
27/08/2024
DownloadMarket Wrap: Hovering slightly above reference level for most of the trading day, the VN-Index finally saw intensified profit-taking activities towards session-end.
Macro Update: Update on new proposal on corporate bond market
Equity Research Update: SCS VN: An Indirect Beneficiary of Red Sea Disruption
26/08/2024
DownloadMarket Wrap: Banks lifted VNIndex higher on muted liquidity
Macro Update: Update on credit growth quota
Equity Research Update: KDH VN (BUY; TP VND 45,700): The Privia handover supportive strong earnings growth through 2025
26/08/2024
DownloadMarket Wrap: VN-Index managed to close higher thanks to some blue-chips
Macro Update: Update on inflation
Equity Research Update: TCB VN (Market Perform; TP VND 26,800): Earnings growth might decelerate in 2H24
23/08/2024
DownloadMarket Wrap: VN-Index ended the winning streak after approaching stronger resistant level
Macro Update: Update on the draft revision of Securities Law
Equity Research Update: IMP VN (Outperform; TP VND 92,000): Positive outlook for 2H and beyond
22/08/2024
DownloadMarket Wrap: Vietnam equities extended the recovery on improved sentiment
Macro Update: Update on China- Vietnam joint statement and trade data
Equity Research Update:
NLG VN (Market Perform; TP VND 43,000): Stronger presales, however, earnings remain at low levels
MWG VN (Outperform): Analyst meeting note
21/08/2024
DownloadMarket Wrap: Fueled by Fed’s rate cut in a month’s time, market affirmed its upward movements
Macro Update: Legislative update
Equity Research Update: GMD VN (Market Perform; TP VND 84,000): Capital investment in focus
20/08/2024
DownloadMarket Wrap: Last Fri’s rally extended on noticeably retreated trading turnover
Macro Update: Update on the secondary corporate bond trading platform
Equity Research Update: MSB VN: 2Q24 business results
19/08/2024
DownloadMarket Wrap: The VN-Index jumped +2.34% on more stable political outlook and stronger global equity markets
Macro Update: Update on the 2Q24 MoC reports
Equity Research Update:
FPT VN (Outperform; TP VND 142,800): 7M24 results met our expectations
CTR VN (Outperform; TP VND 135,000): Benefits from Vietnam roadmap to discontinue 2G network from September 2024
16/08/2024
DownloadMarket Wrap: Market continued to be weighed down on weak sentiment and extremely low trading volume
Macro Update: Update on the Vietnam equity market upgrade status
Equity Research Update: CTG VN: 2Q24 AM note
15/08/2024
DownloadMarket Wrap: The VN-Index went sideways on muted news
Macro Update: Update on the VAT Law
Equity Research Update:
- 2Q2024 Corporate Earnings Insights: Earnings growth expands widely
- MWG VN (Outperform; TP VND 76,000): Even better than a V-shaped recovery thanks to enhanced profitability of BHX
- VIB VN (Market Perform; TP VND 22,800): NIM contraction and asset quality deterioration impede earnings growth
14/08/2024
DownloadMacro Update: Legislation news on FX reserves, Decree on rooftop power
Equity Research Update: VIB VN: 2Q24 business results
13/08/2024
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