Daily Call

Market Wrap: A volatile trading day, banks were up whereas the remaining of the market went under

Macro Update: Law update to address corporate bond market

Equity Research Update:

• Fishery update and FMC 1H24 sales results
• TRA VN: 1H24 prelim business results

Market Wrap: Market hovered above reference, supported by rise of Healthcare and Banks

Macro Update: Update on the 1H24 State Budget meeting

Equity Research Update: VNDIAMOND, VN30, VNFIN LEAD Indices 3Q24 review results

Market Wrap: The VN-Index closed flat with extended rise of policy-driven Oil/Gas sector and Renewable Power stocks

Macro Update: Update on the 8th NA meeting and HCMC public investment plan

Equity Research Update: CTR VN (TP VND 133,200): 1H24 prelim results slightly trailed our forecasts

Market Wrap: Market trended sideways, supported by rise of VIC group stocks

Macro Update: Update on the revision of Decree 155/2020 on Securities Law

Equity Research Update: Update on the petroleum price formula in the 3rd draft of the Decree on Petroleum Business

Market Wrap: The VN-Index closed at intraday low despite good rally of Securities and Realty stocks

Macro Update: Update on infrastructure investment

Equity Research Update: Vietnam Electricity Sector Update: Approval of DPPA mechanism

Market Wrap: Local market finally saw correction after streak of 7-day rally

Macro Update: Update on Vietnam demographics and 1H24 trade data

Equity Research Update: VGC VN (Market Perform; TP VND 55,600): Focusing on industrial park and social housing

Market Wrap: The VN-Index secured a 7-day-straight rally on hikes of Materials and Power stocks

Macro Update: Update on public investment

Equity Research Update: IMP VN: New share issuance plan update

Market Wrap: Robust gains were observed in a number of sectors despite the VN-Index closing flat

Macro Update: Update on monthly cabinet meeting

Equity Research Update: Vietnam Monthly Strategy & Outlook July 2024: Acclimating at base camp

Market Wrap: Growth and recovery stories continued to attract capitals, the VNIndex booked a whole week of gains

Macro Update: Update on draft regulation on digital tech industry

Equity Research Update: FRT VN: 1Q24 earnings review

Market Wrap: Market rose for the 4th consecutive session on dried up liquidity, supported by IT and Oil/Gas

Macro Update: Update on inflation and electricity prices

Equity Research Update: TNH VN: AGM Update

Market Wrap: The VNIndex managed to pull another late rally on simultaneous rise of banks

Macro Update: Update on public salary reform, non-prefunding solution

Equity Research Update: 2Q24 corporate earnings preview

Market Wrap: Market saw unexpected strong rally, driven by banks

Macro Update: Update on 1Q24 Vietnam Balance of Payments

Equity Research Update: VEA VN: Support policies to boost consumption ahead

Market Wrap: Market picked up positive momentum in the afternoon, driven by big caps

Macro Update: 1H24 macro update: Rolling recovery extended, with better-than-expected initial reading

Equity Research Update:

• VN30 Index and VNFIN Lead Index 3Q24 review estimates
• VND VN: AGM Update

Market Wrap: The market tumbled on last minutes pressure but still returned 10.3% in 1H24

Macro Update: Resilient FDI inflows propped up economic performance

Equity Research Update: PC1 VN (Outperform; TP VND 32,900): Growth through diversification

Market Wrap: Market trended sideway as investors stayed aloof anticipating OMO rate hike

Macro Update: Update on state-owned divestment and rail network updates

Equity Research Update:

• GMD VN (Market Perform; TP VND 77,000): 2024 AGM flash note
• BCM VN (Outperform; TP VND 84,700): Significant charter capital raising in 2024-2025
• FPT VN (Market Perform; TP VND 141,500): Long-term growth outlook with global AI and cooperation across ASEAN region