Daily Call

Market Wrap: The market posted a modest gain amid correction pressure

Macro Update: Update on government meetings

Equity Research Update: MWG VN (Outperform; TP VND 74,000): Analyst meeting note

Market Wrap: VIC lost footing, market corrected

Macro Update: Update on the International Financial Center Initiative

Equity Research Update: VCB VN (Outperform; TP VND 69,000): 1Q25 AM: Challenged but Central

Market Wrap: Market sustained upward momentum, supported by foreign buys

Macro Update: Resolution 68 in Action

Equity Research Update: Consumer Sector Update:  Some interesting trends

Market Wrap: Rise from correction, market was boosted by progress on trade negotiation and Vingroup stocks

Macro Update: Update on Trade Negotiation & Performance

Equity Research Update: VPB VN (Outperform; TP VND 21,000): Guarded Growth

Market Wrap: Market corrected for the 2nd day but with the VNIndex supported by Vingroup stocks

Macro Update: Update on new developments in market upgrade

Equity Research Update:

•           FPT VN (Market Perform; TP VND 122,500): April earnings pressured by global macro headwinds

•           SAB VN (Outperform; TP VND 58,000): Not so smooth

Market Wrap: Foreign inflows ceased and market corrected

Macro Update: Advancing Private Sector Development through Strategic Resolutions

Equity Research Update: BCM VN: Modest profit growth outlook amid tariff  concerns impacting leasing demand

Market Wrap: Market exerted resilience under profit-taking pressure

Macro Update: Key Takeaways from Recent Government Meetings

Equity Research Update: STB VN: Old but Gold

Market Wrap: Foreign influx shoved up the market on liquidity spike

Macro Update: Update on Trade and Crypto Asset Regulatory Developments in Vietnam

Equity Research Update: DGW VN (Market Perform; TP VND 38,000): Q1 2025 Earnings Reflect Mixed Performance

Market Wrap: Positive progress on global trade negotiation front pushed up the local market

Macro Update: Update on the National Assembly Meeting

Equity Research Update: KBC VN (BUY; TP VND 37,500): Update on the groundbreaking of Trang Due 3 Industrial Park

Market Wrap: Positive progress on global trade negotiation front pushed up the local market

Macro Update: Update on Tariff De-escalation

Equity Research Update: HPG VN (BUY; TP VND 33,500): Update on Dung Quat 1 blast furnace incident

Market Wrap: Foreign influx drove market to day’s highest and excited locals

Macro Update: Update on Private Sector Promotion

Equity Research Update: VPL VN: Listing Report Summary

Market Wrap: Foreign influx drove market to day’s highest and excited locals

Macro Update: Update on Reciprocal Tariff Negotiation

Equity Research Update:

•           MSN VN: AGM and 1Q25 results

•           CTR VN (Outperform; TP VND 102,400): In-line 1Q25 earnings, long-term resilient growth target

Market Wrap: Realties drove the market on strong foreign buys

Macro Update: Update on electricity price

Equity Research Update: Vinpearl JSC (VPL): Listing Approved

Market Wrap: YTD underperformed sectors rebounded

Macro Update: Thoughts on growth target

Equity Research Update: HDB VN (Outperform; TP VND 25,000): 1Q25 Business Results

Market Wrap: Market secured firm hikes on positive news of trade negotiation progress

Macro Update: Update on Vietnam’s April macro data

Equity Research Update: SAB VN (Outperform; TP VND 58,000): 1Q25 Results Flash Note