Daily Call

Market Focus: Vietnam equities soared as dual catalysts aligned

Macro Wrap: Review of Land Allocation for BT Contract Settlement in Ho Chi Minh City

Equity Research Update: VIB VN (Market Perform; TP VND 19,100): Earnings strong; funding and margin pressures linger

Market Focus: Market inched up on muted liquidity ahead of FTSE interim review outcome

Macro Wrap: Emerging Market Upgrade confirmed

Equity Research Update: Market Outlook Update

Market Focus: The VNIndex extended declines on idle trades

Macro Wrap: Inflation update

Equity Research Update: Vietnam Civil Aviation Regulation Update: Draft Decree on Civil Aviation Law on Air Transport

Market Focus: Market extended weakness on bleak war outlook

Macro Wrap: Vietnam Macro Update – Q1 2026 & Policy Signals

Equity Research Update: VHC VN (Outperform; TP VND 67,000): Clearer Waters Ahead

Market Focus: Market slumped following Trump’s disappointing address

Macro Wrap: Update on new Politburo resolution on growth model

Equity Research Update:

•           STB VN (Market Perform; TP VND 60,800): Restructuring Timeline Remains a Key Overhang

•           Steel Sector Policy Update: Preliminary wide-width HRC anti-dumping duty imposed

Market Focus: Market soared on hopes of Iran war nearing end

Macro Wrap: Steeper climb ahead

Equity Research Update: REE VN (Market Perform; TP VND 70,200): Long-Term Green Ambition, Short-Term Earnings Pressure

Market Focus: Local market exerted resilience despite tepid liquidity and ongoing foreign outflows

Macro Wrap: Hello April

Equity Research Update: SSI Select: Jasper5 Portfolio Update

Market Focus: Select commodity and value investment at play amid energy shock

Macro Wrap: Update on railway corporation and energy shock

Equity Research Update: Real Estate Sector Outlook: Confronting Multiple Challenges

Market Focus: Market accelerated rebound, led by Realties, amid conflicting news surrounding Iran war

Macro Wrap: News briefing

Equity Research Update: 1Q2026 Corporate Earnings Preview

Market Focus: The VNIndex resumed decline as rebound faded, Fertilizers rose

Macro Wrap: Vietnam FX Revisited

Equity Research Update: CTD VN (Market Perform; TP VND 91,300): Record Backlog Secures Multi-Year Growth Visibility Through FY27

Market Focus: Market extended recovery on thin liquidity

Macro Wrap: Energy Pressures Shift Focus from Fuel Prices to Power Security

Equity Research Update: Vietnam Fisheries & Apparel Export Sector Update: Tariff and disruptions reshape trade flows

Market Focus: Market rebounded on thin liquidity

Macro Wrap: Fiscal support on energy shock

Equity Research Update: PVT VN (Outperform; TP VND 26,200): Company visit update: Execution Over Excitement

Market Focus: Locals drove the VNIndex below 1600pts support

Macro Wrap: New normal

Equity Research Update: GAS VN (Market Perform; TP VND 83,400): Balancing Near-Term Gains with Middle East Risks

Market Focus: Overseas ETF rebalancing flows amplify volatility, drag the VNIndex to intraday low

Macro Wrap: Energy market stress tests Vietnam's policy coherence

Equity Research Update: TPB VN (Outperform; TP VND 18,700): Recovery gaining traction; Asset quality to watch

Market Focus: Middle East war escalation triggers oil spike, weighing heavily on the VNIndex

Macro Wrap: One City - One Policy Revisited

Equity Research Update: VinFast Auto Ltd (NASDAQ: VFS): 4Q25 Earnings Report