Daily Call

Daily Call
SSI Daily Call with Update on SAB

Market wrap: VN-Index closes higher despite earlier correction thanks to blue-chips' gains

Macro wrap: Update on exchange rate

Equity wrap: SAB VN (Outperform; TP VND 227,000): A nice surprise in Q3 supported by continued decent margin. Recovery is on track

25/11/2020

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SSI Daily Call with Update on MWG

Market wrap: HCM bourse hits one-year high as traded volume improves further

Macro wrap: Update on revised law on residence and retirement age

Equity wrap: MWG VN (BUY; TP VND 147,000): 10M20 results: Performance on track

24/11/2020

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SSI Daily Call with Update on BVH

Market wrap: VN-Index attains 990 pts as foreign net buy continues for 3 straight days

Macro wrap: Update on credit growth

Equity wrap: BVH VN (Market Perform; TP VND 62,700): Solid 3Q 2020 earnings growth

23/11/2020

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SSI Daily Call with Update on TCM

Market wrap: Both bourses remain in the green on November futures expiry date

Macro wrap: Update on Vietnam debt profile

Equity wrap: TCM VN: 2020 success can hardly be replicated in 2021

20/11/2020

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SSI Daily Call with Update on Vietnam ETFs 4Q20 rebalancing preview

Market wrap: VN-Index secures in the green thanks to foreign net buying spree

Macro wrap: Update on government bond issuance plan and November trade data

Equity wrap: Vietnam ETFs 4Q20 rebalancing preview

19/11/2020

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SSI Daily Call with Update on tax policy on stock dividend and GMD

Market wrap: Main bourses rally as blue-chips recover strongly from past day's loss

Macro wrap: Update on personal income tax pertaining to stock dividends

Equity wrap: GMD VN (Outperform; TP VND 30,800): Gemalink on right track

18/11/2020

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SSI Daily Call with Update on National Assembly meeting and PVS

Market wrap: Heavy foreign selloff comes back to pressure both bourses

Macro wrap: Update on National Assembly meeting

Equity wrap: PVS VN (Market Perform; TP VND 16,200): Expected lower M&C backlog in 2021. A reliable dividend play

17/11/2020

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SSI Daily Call with Update on RCEP impact and POW

Market wrap: VN-Index surges above 960 level as foreign net buy returns

Macro wrap: Update on RCEP

Equity wrap: POW VN (Market Perform; TP VND 11,300): Facing an Expanded La Nina, Thermal Power Plants Take a Hiatus

16/11/2020

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SSI Daily Call with Update on Vietnam trade data and MSN

Market wrap: Gains from both bourses build up before closing on lower foreign net sell

Macro wrap: Update on Vietnam trade data

Equity wrap: MSN VN: Other income and upbeat TCB profit boost 9M20 results

13/11/2020

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SSI Daily Call with Update on the National Assembly meeting and VNM

Market wrap: HCM bourse slips into green before closing despite deeper foreign net selling

Macro wrap: Update on the National Assembly meeting

Equity wrap: VNM VN (Outperform; TP VND 128,000): An upbeat Q3

12/11/2020

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SSI Daily Call with Update on MSCI Frontier Markets Index review and TPB

Market wrap: Indices stumble as heavy foreign selloff press on blue-chip stocks

Macro wrap: Update on MSCI Frontier Markets Index review

Equity wrap: TPB VN (Outperform; TP VND 28,200): The highest credit growth across listed peer with improving CASA

11/11/2020

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SSI Daily Call with Update on MBB

Market wrap: Gains extend on both bourses thanks to surging key sectors

Macro wrap: Update on tax administration decree

Equity wrap: MBB VN (BUY; TP VND 24,800): 3Q 2020 updates – Restructured loans exhibiting good recovery

10/11/2020

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SSI Daily Call with Update on REE

Market wrap: Heavy foreign selloffs return to narrow gains from HCM main bourse

Macro wrap: The week ahead: Macros light, policies right, inflation far from sight 

Equity wrap: REE VN (Outperform; TP VND 46,200): Hydropower segment drives momentum in forecast

09/11/2020

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SSI Daily Call with Update on STK

Market wrap: Both bourses lose grounds despite foreign net buy returns

Macro wrap: Update on US DoC preliminary determination on CVD investigation into Vietnam light truck tire producers

Equity wrap: STK VN (BUY; TP VND 21,400): Recovery knocking sooner than expected 

06/11/2020

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SSI Daily Call with Update on SOEs reform and MWG and FPT

Market wrap: VN-Index slowly inches back to 940 level as heavy foreign selloffs remain

Macro wrap: Update on SOE reform and remittance 

Equity wrap: MWG VN (BUY; TP VND 147,000): 3Q2020 earnings update

                       FPT VN (BUY; TP VND 62,600): Analyst meeting – Earnings forecast maintained

05/11/2020

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