Daily Call

Daily Call
SSI Daily Call with Update on new Indexes on HOSE and 3Q19 results of BID

Market wrap: VN-index corrects on the plunge of FOL names

Macro wrap:  Update on new indexes in the HoSE

Equity wrap: BID VN (Market Perform; TP VND 42,900): 3Q19 results: Restructuring funding sources and accelerating bad debt resolution

15/11/2019

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SSI Daily Call with Update on the corporate bond market and 3Q19 results of HDB

Market wrap: Trade worries send local equities lower

Macro wrap:  Update on the corporate bond market

Equity wrap: HDB VN: 9M19 results: Improving NIM at the Parent bank

14/11/2019

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SSI Daily Call with Update on Vietnam October trade data and 3Q19 results of POW

Market wrap: VN-Index recovers amid the net foreign selling pressure

Macro wrap:  Update on Vietnam October trade data

Equity wrap: POW VN (Market Perform; TP VND 15,800): 3Q19 review: Better than expected

13/11/2019

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SSI Daily Call with Update on the Public-Private Partnership law and 3Q19 results of MWG

Market wrap: Local equities dampen further on the rising trade turbulence

Macro wrap:  Update on the Public-Private Partnership law

Equity wrap: MWG VN (BUY; TP VND 160,300): 3Q19 results within our expectation despite a surge in SG&A expenses

12/11/2019

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SSI Daily Call with Update on 3Q19 results of HT1

Market wrap: VN-index ends lower on extended selling

Macro wrap:  Update on state budget: October 2019

Equity wrap: HT1 VN (Outperform; TP VND 17,600): 3Q19 review: Encouraging growth outlook driven by cost-cutting measures

11/11/2019

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SSI Daily Call with Update on revised Securities Law and 3Q19 results of STK

Market wrap: VN-index ticks lower on trade doubts

Macro wrap:  Update on revised Securities Law

Equity wrap: STK VN (Outperform; TP VND 21,400): 3Q19 review: Growth will depend on recycled yarn orders

08/11/2019

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SSI Daily Call with Update on PLX

Market wrap: Mid-day gains are pared by locking profit activities

Macro wrap:  Update on the government bond market

Equity wrap: PLX VN (BUY; TP VND 73,100): Encouraging earnings growth in 3Q19 driven by forex exchange gains

07/11/2019

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SSI Daily Call with Update on monthly cabinet meeting and TCB

Market wrap: Vietnam equities tick higher on trade optimism

Macro wrap:  Update on monthly cabinet meeting

Equity wrap: TCB VN (Outperform; TP VND 26,900) 3Q19 review: Robust retail banking with strong mortgage loans expansion to replace C-bonds

06/11/2019

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SSI Daily Call with Update on National Monetary Policy Fund and 3Q19 result of AAA

Market wrap: Banking sector bolsters the winning streak 

Macro wrap:  Update on National Monetary Policy Fund

Equity wrap: AAA VN: Positive growth in 3Q19 coming from traditional business

05/11/2019

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SSI Daily Call with Update on prelim result of VHM

Market wrap: Vingroup tickers spur for the broad-based rally

Macro wrap:  Update on the state budget

Equity wrap: VHM VN: Growth momentum maintained via bulk sales strategy

04/11/2019

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SSI Daily Call with Update on interest rate and 3Q19 results of ACV, MSH

Market wrap: Stocks edge lower despite the FED rate cut

Macro wrap:  Update on interest rate

Equity wrap:

ACV VN: Q3 beats estimates; government divestment prospects remain uncertain

MSH VN (BUY; TP VND 66,900) Q3 Review: Earnings in line but valuation becomes attractive

01/11/2019

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SSI Daily Call with Update on Oct macro data, VN30 rebalance and 3Q19 prelim results of VEA

Market wrap: Vietnam shares lag behind despite the trade deal progress

Macro wrap:  Update on Vietnam macro data for October

Equity wrap:

Update on VN30 rebalance

VEA VN: VEA flash earnings note: Lower than expected due to reported weaker JV performance 

30/10/2019

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SSI Daily Call with Update on Vietnam fiscal plan and 3Q19 results of VSC

Market wrap: Stocks fluctuate around 1,000 level

Macro wrap:  Update on Vietnam’s 3-year fiscal plan (2020-2022)

Equity wrap: VSC VN: 3Q19 review: Margin improvement thanks to better equipment

29/10/2019

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SSI Daily Call with Update on banking sector and 3Q19 prelim results of SAB, PVS

Market wrap: HCM gauge closes higher on the lead of banking and consumer stocks

Macro wrap:  Update on the banking sector – Deposits of the State Treasury of Vietnam

Equity wrap:

SAB VN (Market Perform; TP VND: 283,600) 3Q19 Review: Earnings beat expectations

PVS VN (Outperform; TP VND: 25,100) Q3 earnings dropped sharply along schedule from booking provisions

28/10/2019

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SSI Daily Call with Update on Vietnam FDI and 3Q19 prelim results of VCB and TPB

Market wrap: Stocks extend the recovery on the rise of banking and real estate sectors

Macro wrap:  Vietnam FDI in October

Equity wrap:

VCB VN: 3Q19 review: Sustained track of robust earnings growth

TPB VN (Outperform; TP VND 25,200) 3Q19 review: Credit hitting the growth cap (16.9% YTD); Clearing up all VAMC bonds

25/10/2019

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