Daily Call

Market Wrap: Market slid over 1% on accelerated selling pressure from both locals and foreigners

Macro Update: Update on the exchange rate

Equity Research Update:

• VEA VN (BUY; TP VND 48,000): 2024 preliminary results
• NT2 VN (BUY; TP VND 24,700): 2024 preliminary results

Market Wrap: Sideway trend and quiet trades extended into the 1st trading session of 2025

Macro Update: Update on Vietnam manufacturing

Equity Research Update: Vietnam Construction Sector 2025 Outlook: The backbone of GDP growth in 2025

Market Wrap: The market experienced a slight decline due to low demand

Macro Update: Update on the modification of Decree 155/2020 and credit growth

Equity Research Update:

• Vietnam Oil & Gas Sector 2025 Outlook: Earnings growth divergence to persist despite anticipated lower oil price in 2025
• Vietnam Healthcare Sector 2025 Outlook: Policy changes paving the way for exciting times ahead

Market Wrap: Market managed a partial recovery due to foreign inflows

Macro Update: Update on exchange rate and Decree 167/2024

Equity Research Update: Vietnam Residential Real Estate sector 2025 Outlook: Strong pre-sale growth driven by demand recovery and new supply

Market Wrap: Santa Claus rally continued on mild momentum

Macro Update: Update on public investment disbursement

Equity Research Update: Vietnam Automobile Sector 2025 Outlook: Peak performance achieved, now at cruising speed

Market Wrap: Market took a rest after yesterday’s strong rally

Macro Update: Update on KRX trading system

Equity Research Update: VN30 Index and VNFin Lead index 1Q25 review estimates

Market Wrap: “Santa Claus Rally” witnessed with burst in market liquidity

Macro Update: Update on GMT issues

Equity Research Update:

•           Vietnam Banking sector 2025 outlook: A ray of sunshine

•           DCM VN (Outperform; TP VND 42,700): Dec 23rd analyst meeting takeaway

Market Wrap: Market trended sideways on X-mas Eve

Macro Update: Update on regulatory news

Equity Research Update:

•           PVT VN (Market Perform; TP VND 30,000): 2024 preliminary results

•           SCS VN (Market Perform; TP VND 91,900): 3Q24 updates: Sustained remarkable growth

Market Wrap: Market sideways with holiday mood

Macro Update: Update on money market movement and trade data

Equity Research Update: Vietnam F&B sector 2025 outlook: Cautious sentiment limits growth

Market Wrap: Market slightly rebounded on ETF 4Q24 rebalancing day

Macro Update: Update on money market movement

Equity Research Update: Vietnam Textile and garment sector 2025 outlook: Acting on opportunities

Market Wrap: Local market followed global markets’ fearful responses on Fed’s hawkish stance for 2025

Macro Update: Update on the exchange rate, FX reserves and money market

Equity Research Update: CTR VN (Market Perform; TP VND 139,700): 11M24 Recap: Higher-than-expected number of new BTS sites in November

Market Wrap: Market picked up momentum in the final hour driven by mid-cap Energy, Husbandry and Steel stocks

Macro Update: Update on 3Q24 Vietnam Balance of Payments and exchange rate

Equity Research Update:

•           VGC VN (Outperform; TP VND 51,100): Expected strong growth in 4Q24 earnings

•           Block B - O Mon update

Market Wrap: Market rolled sideways as stocks diverged

Macro Update: Update on money market, government streamlining plan

Equity Research Update: VHM VN (Outperform; TP VND 47,400): Vingroup Cooperation Agreement amended, prompting VHM to launch their own development projects

Market Wrap: Market on stand-still mode despite resurgence of Consumer Discretionary and Staple stocks

Macro Update: Update on Vietnam’s semiconductor sector

Equity Research Update:

•           Marketvector Vietnam Index: 4Q2024 review results

•           PNJ VN (BUY; TP VND 117,000): November results

Market Wrap: The market extended its losing streak

Macro Update: Update on public investment and ISF decree

Equity Research Update: MCH VN: Maintaining robust double-digit net profit growth