Daily Call

Daily Call
SSI Daily Call with Update on MWG and DRC

Market wrap: VN-Index falls below 900 pts over ongoing virus concerns

Macro wrap:  Update on Vietnamese wages in the manufacturing worker

Equity wrap: MWG VN (BUY; TP VND 192,800): Analyst meeting

                      DRC VN (Market Perform; TP VND 23,900): Decent earnings growth at reasonable valuation

27/02/2020

Download
SSI Daily Call with Update on Vietnam FDI and AAA analyst meeting

Market wrap: Banking sector fuels for the markets’ recovery

Macro wrap:  Update on FDI into Vietnam in Jan-Feb 2020

Equity wrap: AAA VN (Outperform; TP VND 18,000): Vacuum in competitive pressure from China in export market, resulting from Covid-19 epidemic and EVFTA

26/02/2020

Download
SSI Daily Call with Update on TCB 4Q19 results

Market wrap: Stocks slump on fears over the widespread epidemic

Macro wrap:  Update on government supporting measure in Covid-19 outbreak

Equity wrap: TCB VN (Outperform; TP VND 26,900): 4Q19 review

25/02/2020

Download
SSI Daily Call with Update on PHR

Market wrap: Vietnam equities stumble over heavy sell-offs

Macro wrap:  Update on government supporting measures to mitigate the Covid-19 epidemic impact

Equity wrap: PHR VN: Land acquisition decision for NTU3 signed

24/02/2020

Download
SSI Daily Call with Update on Vietnam trade data and GAS

Market wrap: Spike in blue-chip stocks sustain both bourses

Macro wrap:  Update on Vietnam trade data

Equity wrap: GAS VN (Market Perform; TP VND 96,000): Lack of growth catalyst in 2020

21/02/2020

Download
SSI Daily Call with Update on SOE reform and DGW PPC VHM

Market wrap: Green stays on the blue-chips recovery

Macro wrap:  Update on SOE reform

Equity wrap: DGW VN: Analyst meeting note

                       PPC VN (Underperform, TP VND 27,800): Fairly traded, 4Q19 results update

                       VHM VN (Outperform, TP VND 110,200): Strong earnings growth underpinned by bulk sales

20/02/2020

Download
SSI Daily Call with Update on inflation and BID and VPB

Market wrap: Retreated big caps weigh on VN-index

Macro wrap:  Update on inflation

Equity wrap: BID VN (Market Perform; TP VND 53,300): 4Q19 results update

                      VPB VN (Market Perform; TP VND 28,900): 4Q19 results update

19/02/2020

Download
SSI Daily Call with Update on ACV

Market wrap: VN-Index lags behind due to weighed Vin-related tickers

Macro wrap:  Update on Covid-19 epidemic in Vietnam

Equity wrap: ACV VN: 4Q 2019 and 2019 unaudited result release: Earnings surprise from strong passenger growth

18/02/2020

Download
SSI Daily Call with Update on property market regulation and POW

Market wrap: Local gauges lag behind by profit locking pressure

Macro wrap:  Update on property market regulation

Equity wrap: POW VN (BUY; TP VND: 13,100): Jan 2020 sales volume update

17/02/2020

Download
SSI Daily Call with Update on garment & textile sector and MSH

Market wrap: Both bourses sneak into green on the spike of new infection cases

Macro wrap: Update on petroleum product prices

Equity wrap: Update on garment & textile sector

                      MSH VN (BUY; TP VND 63,300): Covid-19 has yet to impact production in Q1

14/02/2020

Download
SSI Daily Call with Update on EVFTA and Vietnam ETFs 1Q20 rebalancing preview

Market wrap: Banking sector continues to fuel for the recovery

Macro wrap: Update on the impact of Covid-19 outbreak and the EVFTA

Equity wrap: Update on Vietnam ETFs 1Q20 rebalancing preview

13/02/2020

Download
SSI Daily Call with Update on tourism sector and HPG

Market wrap: Banking sector helps to shrug off the virus fears

Macro wrap: Impact from coronavirus outbreak to the Vietnamese tourism sector

Equity wrap: HPG VN (BUY; TP VND 29,500): No plan of right issue for financing the expansion of Dung Quat Integrated Steel Complex

12/02/2020

Download
SSI Daily Call with Update on Vietnam FDI, STB STK KDH 4Q19 results

Market wrap: Increased nCoV death tolls spark the equity selloffs

Macro wrap: Update on Samsung’s new investment in Vietnam

Equity wrap: STB VN: 4Q19 results

                       STK VN (Outperform; TP VND 20,200): 4Q19 results

                       KDH VN (BUY; TP VND 31,700): 4Q19 results

11/02/2020

Download
SSI Daily Call with Update on public investment, NT2 SAB HT1 4Q19 results

Market wrap: Vietnam equities jump when Mideast tension eases

Macro wrap: Update on public investment

Equity wrap: NT2 VN (BUY; TP VND 26,100): Short-term benefit from lower crude oil price

                      SAB VN (Market Perform; TP VND 214,400): A difficult Q1 2020 expected

                      HT1 VN (Outperform; TP VND 17,000): Encouraging improvement in gross margin outweighs slowdown in sales volume

10/02/2020

Download
SSI Daily Call with Update on January trade data, CTG MBB HDB DPM 4Q19 prelim results

Market wrap: Vietnam equities jump on easing virus fearing 

Macro wrap:  Update on January trade data

Equity wrap: CTG VN (Outperform; TP VND 31,100): 2019 result

                       MBB VN: 4Q19 prelim results

                       HDB VN (Outperform; TP VND 33,000): 4Q2019 earnings were generally in line with expectations

                       DPM VN: 4Q19 earnings preview: Strong bottom line growth due to more-than-expected oil price drop

07/02/2020

Download
SSI