Daily Call

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Daily Call
SSI Daily Equity Market Call with Update on Goverment meeting and FTSE Vietnam Index 2Q24 review results

Market Wrap: Market inched upward on boom of Ports/Logistics and Rubber sectors

Macro Update: Update on Government meeting

Equity Research Update: FTSE Vietnam Index: 2Q 2024 review results

10/06/2024

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SSI Daily Equity Market Call with Update on MSCI 2024 market classification, QNS and DCM

Market Wrap: Ports and Logistics stocks soared as VN-Index edged up +0.31%

Macro Update: Update on MSCI 2024 market classification

Equity Research Update:

  • QNS VN (Market Perform; TP VND 56,700): High cash dividend
  • DCM VN (Market Perform; TP VND 38,700): Earnings to rebound on reduced depreciation

07/06/2024

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SSI Daily Equity Market Call with Update on steel sector and CTG

Market Wrap: The VN-Index bent on intensified foreign sells towards closing, unable to breakthrough 18-month high

Macro Update: Update on the monthly cabinet meeting minutes

Equity Research Update:

  • Updates on some steel protection measures
  • CTG VN (Outperform; TP VND 38,500): Setting sail

06/06/2024

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SSI Daily Equity Market Call with Update on public investment, gold market, GAS, DPM and VNM

Market Wrap: VN-Index continued to face pressure at 18-month high level

Macro Update: Update on public investment and gold market

Equity Research Update:

  • GAS VN (Market Perform; TP VND 84,000): Significant cash dividend yield for 2023
  • DPM VN (Market Perform; TP VND 35,200): Earnings recovery from last year’s low base
  • VNM VN (Outperform; TP VND 82,000): 5M2024 Results

05/06/2024

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SSI Daily Equity Market Call with Update on the MoF monthly meeting, ACV and MSN

Market Wrap: The market struggled when facing strong resistant level

Macro Update: Update on MoF monthly recap meeting

Equity Research Update:

  • ACV VN (Outperform; TP VND 136,000): A bright sky after the storm
  • MSN VN (Outperform; TP VND 93,400): A new phase of growth

04/06/2024

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SSI Daily Equity Market Call with Update on monthly cabinet meeting, gold market and DPR

Market Wrap: The market rallied on eased exchange rate pressure and decelerated foreign sells

Macro Update: Update on monthly cabinet meeting and gold market

Equity Research Update: DPR VN: Rubber prices highest in two years

03/06/2024

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SSI Daily Equity Market Call with Update on the gold market, exchange rate and QNS

arket Wrap: The market plunged on unsuccessful attempts to rebound

Macro Update: Update on gold, money market

Equity Research Update: QNS VN: 4M24 results

31/05/2024

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SSI Daily Equity Market Call with Update on the May National Assembly meeting, KBC, NT2 and MSN
Market Wrap: The market plunged hard then recovered at the end despite intimidating foreign sells
Macro Update: Update on the May National Assembly
Equity Research Update:
  • KBC VN: 2024 AGM documents
  • NT2 VN (Market Perform; TP VND 23,000): 2024 AGM 
  • MSN VN (TP VND 84,800): Update on the divestment of MSR from H.C Stark 

30/05/2024

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SSI Daily Equity Market Call with Update on May macro data, GAS and ACB

Market Wrap: The market plunged on intensified foreign sells throughout the day

Macro Update: Update on May macro data

Equity Research Update:

  • GAS VN: AGM and 1Q24 update: Significant cash dividend yield for 2023
  • ACB VN (Outperform; TP VND 36,000): An athlete for a long run

29/05/2024

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SSI Daily Equity Market Call with Update on land-related laws and HAH
Market Wrap: The market pulled a late rally and was fully recovered from last Fri’s plunge
Macro Update: Update on land-related laws
Equity Research Update: HAH VN: 1Q earnings should be the bottom

28/05/2024

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SSI Daily Equity Market Call with Update on FDI inflows, Vietnam ETFs 2Q2024 review estimates, BSR and POW

Market Wrap: The market ended on high note following last Fri's strong correction

Macro Update: Update on FDI inflows

Equity Research Update:

  • Vietnam ETFs 2Q 2024 review estimates
  • BSR VN (Market Perform; TP VND 23,000): Earnings likely bottom out during 2Q24
  • POW VN (Outperform; TP VND 13,900): Lower utilization to weigh on 2024 earnings growth

27/05/2024

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SSI Daily Equity Market Call with Update on interest rate forecast, ACB and VCB

Market Wrap: Market correction intensified amid heavy foreign pressure

Macro Update: Update on interest rate forecast

Equity Research Update:

  • VCB VN (Outperform; TP VND 111,800): Resilient NIM
  • ACB VN: 1Q24 business results

24/05/2024

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SSI Daily Equity Market Call with Update on power supply, HDG and BSR

Market Wrap: Despite a gloomy morning, market unexpectedly took off with fabulous gains in the afternoon

Macro Update: Update on power supply

Equity Research Update:

  • HDG VN (Outperform; TP VND 36,900): Real estate segment and lower interest expense to drive long-term earnings growth
  • BSR VN: Earnings can bottom out in 2Q24

23/05/2024

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SSI Daily Equity Market Call with Update on the exchange rate, FPT and TPB

Market Wrap: The market corrected on sharper selling pressure

Macro Update: Update on the exchange rate

Equity Research Update:

  • FPT VN (TP VND 128,100): 4M24 results
  • TPB VN (Outperform; TP VND 22,700): Earnings to bounce back

22/05/2024

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SSI Daily Equity Market Call with Update on the gold auction, PNJ and TCB

Market Wrap: Depsite tremendous selling pressure, VNIndex pulled miraculous recovery at the end

Macro Update: Update on the gold auction, exchange rate and trade data

Equity Research Update:

  • PNJ VN (Outperform; TP VND 112,000): April results
  • TCB VN (Market Perform; TP VND 54,700): Earnings beat estimate with higher NIM

21/05/2024

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