Daily Call
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Market Wrap: Despite strong rebound of the US market, the VN market recovered with little strength
Macro Update: Update on August trade data & Standing Committee legislative meeting
Equity Research Update: VNDiamond Index 4Q24 review estimates
12/09/2024
DownloadMarket Wrap: Market struggled to recover from previous sessions’ declines, sentiment remained weak
Macro Update: Update on the typhoon Yagi impacts to Vietnam’s economy
Equity Research Update: PLX VN (Market Perform; TP VND 48,000): Positive impact from new regulation priced in
11/09/2024
DownloadMarket Wrap: The VN-Index lost grip and plunged to day’s low in the afternoon despite of rebounds of global markets
Macro Update: Update on the draft law amending several laws and MoF monthly meeting
Equity Research Update:
• FTSE Vietnam Index: 3Q 2024 review results
• DCM VN (Market Perform; TP VND 39,000): Better than expected 2Q24 results thanks to one-off income
10/09/2024
DownloadMarket Wrap: Concerns over slowing growth in the US impacted local sentiment
Macro Update: Update on monthly cabinet meeting, new progress for draft revision of Securities Law
Equity Research Update: HDG VN (BUY; TP VND 34,200): Hydropower volume recovery from H2 2024, Hado Charm Villas to realize revenue from 2025
09/09/2024
DownloadMarket Wrap: The VN-index bounced back to close the week on a high note after the drop caused by global markets selling-off pressure
Macro Update: Update on August macro data
Equity Research Update: MSN VN: New arrangement with SK Group offers financial flexibility
06/09/2024
DownloadMarket Wrap: Market retreated, having intimidated by spikes in foreign sells
Macro Update: Update on Jan-Aug' 24 FDI
Equity Research Update: VRE VN (Outperform; TP VND 25,200): Challenging in the short term, but more promising in the long run
05/09/2024
DownloadMarket Wrap: Vietnam equities slid following global markets correction
Macro Update: Update on Aug PMI
Equity Research Update: IDC VN (Market Perform; TP VND 65,000): MOUs slowdowns from 2Q24
04/09/2024
DownloadMarket 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
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