Daily Call

Market Wrap: The market underwent a 3rd blood shedding session on dropped liquidity

Macro Update: Update on FTSE Russell interim country classification review

Equity Research Update: SAB VN: AGM documents

Market Wrap: Market decline eased on commendable local absorption

Macro Update: Update on Q1 GDP and tariffs

Equity Research Update: PNJ VN (BUY; TP VND 97,500): AGM documents: Decelerating earnings growth guidance for 2025

Market Wrap: Painful to look at – The local market crashed on considerably-higher-than-expected US tariffs

Macro Update: News Briefing

Equity Research Update: Update on Reciprocal tariffs and impact on different sectors

Market Wrap: The VNIndex closed flat as profits were taken on Vingroup stocks, Constructions and Financials

Macro Update: Tariffs-as-a-Tactic: Bad News is Good News

Equity Research Update: REE VN (Market Perform; TP VND 80,000): 2025 AGM: Conservative 2025 guidance, with long-term ambitious business expansion plan

Market Wrap: Local market rebounded following global markets ahead of US tariff announcement

Macro Update: Update on USTR National Trade Estimate

Equity Research Update:

•           DGC VN: AGM: Conservative 2025 guidance

•           Steel sector update: MoIT announcement of preliminary AD duty for galvanized steel from China and South Korea (AD19)

Market Wrap: Correction continued ahead of US reciprocal tariffs

Macro Update: Thoughts on Q1 GDP and investment

Equity Research Update: VNM VN (Outperform; TP VND 71,500): AGM documents

Market Wrap: Pessimistic Sentiment Prevails as VN-Index Struggles

Macro Update: Update on the Plan to Establish an International Financial Center in Vietnam

Equity Research Update: VIB VN (Market Perform; TP VND 21,100): 2025 AGM notes

Market Wrap: The market decreased slightly with weaker sentiments

Macro Update: News Briefing

Equity Research Update: BWE VN: 2025 AGM Notes: Driving M&A Growth in the clean water sector

Market Wrap: Tug-of-war between buyers and sellers temporarily ended with market decline

Macro Update: Update on Non-Tariff Measures

Equity Research Update: HPG VN (BUY; TP VND 33,500): 2025 business plan

Market Wrap: Market edged up on rise of mid-cap Realty, Material, Shipping and Electricity stocks

Macro Update: Update on tariff risk

Equity Research Update: ACB VN (Outperform; TP VND 30,800): AGM documents

Market Wrap: The VNIndex took off after reaching new balanced level

Macro Update: Consumption Boost

Equity Research Update: FPT VN (Outperform; TP VND 156,300): AGM documents note: Double-digit growth targeted for 2025, with an ambitious 2025-2027 development strategy

Market Wrap: Market is in search of new equilibrium amid correction pressure

Macro Update: News Briefing

Equity Research Update:

•           MWG VN (BUY TP VND 73,000): 2M25 results: Early signs of recovery in the mobile phone sales

•           NLG VN: Right issuance plan approval

Market Wrap: Despite correction pressure, market was driven to recovery by Financial stocks

Macro Update: Update on Property Sector

Equity Research Update: VHC VN: 2M25 Results Flash Note

Market Wrap: Market corrected but compositions showed resilience

Macro Update: Tariff Thoughts

Equity Research Update: HSG VN (Market Perform; TP VND 18,000): 2025 AGM Flash Note: A tough year ahead

Market Wrap: Energy and Utilities rose amid market correction

Macro Update: Update on state budget

Equity Research Update: GAS VN (Market Perform; TP VND 71,400): GAS entered agreements in US to serve the long-term LNG supply for Vietnam