Daily Call

Daily Call
SSI Daily Equity Market Call with Update on the NASC meeting, trade data and KDH

Market Wrap: Market was well-supported despite profit-realization activities and aggressive foreign sells

Macro Update: Update on the NASC meeting and trade data

Equity Research Update: KDH VN: 1Q24 results: stayed low with some units recognized in The Classia project

13/05/2024

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SSI Daily Equity Market Call with Update on Investment Support Fund and VNM

Market Wrap: Market dodged correction on notably reduced liquidity

Macro Update: Update on draft decree proposal of the Investment Support Fund

Equity Research Update: VNM VN (Outperform; TP VND 82,000): AM Note

10/05/2024

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SSI Daily Equity Market Call With Update on progress to market economy, exchange rate, 1Q24 corporate earnings insights, VHC, FMC, CTR

Market Wrap: A session of volatile tug-of-war, profit-taking pressure evident

Macro Update: Update on the progress to market economy and exchange rate

Equity Research Update:

  • 1Q2024 Corporate Earnings Insights: Overcome the most difficult times
  • VHC VN (Market Perform; TP VND 78,500): prelim 1Q24 results
  • FMC VN (Outperform; TP VND 55,800): 1Q24 results
  • CTR VN (Market Perform; TP VND 133,200): Greater cash dividends might result in the significant change of capital structure

09/05/2024

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SSI Daily Equity Market Call With Update on FDI inflows, gold auction, HPG, PVT

Market Wrap: Market showed resilience on ample liquidity, sector divergence continued

Macro Update: Update on FDI inflows and gold auction

Equity Research Update:

  • HPG VN (BUY; TP VND 34,500): Impressive sales volume in Apr
  • PVT VN (Outperform; TP VND 30,000): 1Q2024 results and AGM update

08/05/2024

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SSI Daily Equity Market Call With Update on domestic gold price, state revenue, PLX, VTP, NT2

Market Wrap: Market extended yesterday's rally, driven by non-financial big caps

Macro Update: Update on domestic gold price and state revenue

Equity Research Update:

  • PLX VN (Outperform; TP VND 40,800): Strong earnings growth in 1Q24 in line with our expectation
  • VTP VN: 1Q 2024 results and AGM quick note
  • NT2 VN: 1Q24 results are broadly in line with our expecation

07/05/2024

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SSI Daily Equity Market Call With Update on monthly cabinet meeting, MBB, MWG, BCM

Market Wrap: Market rallied on muted news, liquidity improved

Macro Update: Update on monthly cabinet meeting

Equity Research Update:

  • MBB VN: Meeting note
  • MWG VN (Outperform; TP VND 65,800): Upbeat 1Q24 results
  • BCM VN (Outperform; TP VND 84,700): PAT grew by double digits due to recognition of resettlement projects

06/05/2024

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SSI Daily Equity Market Call With Update on money market, MSN, MWG, NKG, HT1

Market Wrap: VN-Index extended the soft recovery on rising liquidity thanks to ETFs rebalance

Macro Update: Update on the money market movement and gold market

Equity Research Update:

  • MSN VN (TP VND 84,800): 2024 AGM takeaways and 1Q24 earnings results
  • MWG VN: Upbeat 1Q24 results
  • NKG VN (Market Perform; TP VND 23,000): Ambitious expansion plans in store for 2024-2025
  • HT1 VN (Market Perform; TP VND 11,600): Earnings may have hit trough in 1Q24

03/05/2024

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SSI Daily Equity Market Call With Update on Jan-Apr macro data, banking sector, IDC, PNJ, POW

Market Wrap: Lack of news, market traded in narrow bands on low volume

Macro Update: Update on Jan-Apr macro data

Equity Research Update:

  • 1Q24 Banking sector results
  • IDC VN (Outperform): Robust 1Q24 earnings growth
  • PNJ VN (Outperform; TP VND 112,000): 2024 AGM note and 1Q24 earnings update
  • POW VN (Market Perform): 1Q24 results were in line with our expectation

02/05/2024

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SSI Daily Call with Update on KRX trading system, HCM, SAB and VNM

Market wrap: Main indices swing hard on muted liquidity

Macro wrap: News briefing

Equity wrap:

  • HCM VN: 2024 AGM Notes
  • SAB VN (Market Perform; TP VND 63,900): 2024 AGM memo
  • VNM VN (Outperform; TP VND 82,000): 2024 AGM memo

26/04/2024

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SSI Daily Call with Update on PVD and VHM 2024 AGM notes

Market wrap: Markets surged higher, foreign investors still net sell

Macro wrap: News briefing

Equity wrap:

  • PVD VN (Outperform; TP VND 36,000): 2024 AGM Notes
  • VHM VN (Outperform; TP VND 69,400): 2024 AGM Notes

25/04/2024

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SSI Daily Call with Update on monetary market movement and FPT's 1Q24 result

Market wrap: Major indices inched down on moderate liquidity

Macro wrap: Update on money market movement

Equity wrap: FPT VN (Outperform; TP VND 128,100): 1Q24 results

24/04/2024

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SSI Daily Call with Update on the corporate bond market and SZC's 1Q24 result

Market wrap: Market surged higher amid news on KRX launching

Macro wrap: Update on the corporate bond market

Equity wrap: SZC VN: 1Q24 strong profit growth thanks to increasing leased land

23/04/2024

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SSI Daily Call with Update on April trade data and VHC 2024 AGM note

Market wrap: Force seliing across the board, Market dove again

Macro wrap: Update on Vietnam foreign trade

Equity wrap: VHC VN (Market Perform; TP VND 78,500): 2024 AGM Note

22/04/2024

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SSI Daily Call with Update on the exchange rate and FRT 2024 AGM note

Market wrap: Markets sank on VN30F1M expiry date

Macro wrap: Exchange rate forecast update

Equity wrap: FRT VN (Outperform; TP VND 139,000): 2024 AGM Note

19/04/2024

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SSI Daily Call with Update on the exchange rate and FPT

Market wrap: Markets fluctuate whole days amid forced selling across the board

Macro wrap: Update on the exchange rate

Equity wrap: FPT VN (Outperform; TP VND 128,100): Valuation to reflect 2024-2025 growth story and updates on 2024 AGM

17/04/2024

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