Daily Call

Market Wrap: Construction and Construction Materials led gains, market recovered from yesterday’s dip

Macro Update: Update on the state budget

Equity Research Update: Vietnam aviation sector 2025 outlook: Back to growth after full recovery

Market Wrap: Market closed low on muted liquidity ahead of Tet

Macro Update: Update on the nuclear power plant

Equity Research Update: KBC VN (Outperform; TP VND 33,600): Trang Due 3 IP Investment in Principle Approval

Market Wrap: Rebound seen as indexes hit lower bands of consolidation range

Macro Update: Update on Resolution 57, exchange rate

Equity Research Update: Vietnam port and shipping sector 2025 outlook

Market Wrap: Market lost hopeful support level and closed the week on strong plunge

Macro Update: Update on 2024 Vietnam trade data & trade expectations for 2025

Equity Research Update: Vietnam Industrial Parks Sector 2025 Outlook: Supply improvement amidst demand slowdown in 2025

Market Wrap: The market dipped on low sentiment and extremely low liquidity

Macro Update: Update on Vietnam public debt

Equity Research Update: 4Q24 corporate earnings preview

Market Wrap: Market rebounded on muted turnover

Macro Update: Update on the monthly cabinet meeting

Equity Research Update: Vietnam Power Sector 2025 Outlook: Hydropower recovery will help reduce the power shortage risk

Market Wrap: Market closed flat in spite of upswing posed by Banks and IPs

Macro Update: Update on credit growth and de minimis rule

Equity Research Update: Vietnam Retail Sector 2025 Outlook: Maintaining robust growth

Market Wrap: Concerns over FX weighed down the market

Macro Update: GSO 2024 Macro Update

Equity Research Update: Vietnam Technology & Telecom Sector 2025 Outlook: Entering a new growth cycle

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