Revenue in April and May of Licogi 16 was estimated to be 188 billion vnd. Long An s IIP and Exports Post High Growth. SELL Price (1.

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1 03 June 2014 Daily Bulletin Market Review: TCSC Research T: E: research@tcsc.vn Slightly rising Company News: In focus: Short News Revenue in April and May of Licogi 16 was estimated to be 188 billion vnd Long An s IIP and Exports Post High Growth VN-index % (mn shares) Total value (USD Foreign Net Buy (USD Top foreign Trading HSX KDH ,700,000 HAG ,950 STB ,550 LAF ,000 DPM ,580 NBB ,310 ITA ,120 EIB ,000 MSN ,720 SBT ,080 HNX-index % (mn shares) Total value (USD Foreign Net Buy (USD HNX Index Change % DowJones 16, FTSE 100 6, PVS ,800 PVC ,000 SHB ,600 EBS ,300 IVS ,000 EFI ,500 VND ,000 PVL ,000 VCG ,200 PLC ,000 Hangseng 23, Kospi 2, Nasdaq 4, Nikkei , S&P 500 1, Shanghai 2, Thailand 1, P a g e

2 Top 5 stocks bought/sold by foreign investor KDH ,700, GAS , MSN , DPM , PVD , HAG , VIC , PVD , GAS , NBB , PVS , VND , VCG , SHB , Market Review VN-Index started to slightly rise with 1,96 points in equivalence of 0,35% to close at 558,76. Advancers outnumbered laggards, 96:81. The market liquidity decreased sharply by 26,94% in volume and 23,91% in value to 58,61 million shares and VND894,41bln, respectively. Trading value in put-through rised sharply, equal to 14,63% of total trading value in HSX. The foreign investors continues to be net purchasers in the second trading day of June with total purchased value of VND141,84bln. HNX-Index had a slightly rising session after losing in three sessions with 0,16 points equal to 0,21% to close at 74,96. Advancers outnumbered laggards, 98:81. The liquidity of market decreased sharply 29,42% in volume and 26,25% in value to 36,99 million shares and VND345,41bln, in turn. Similar to the performance of HNX, the foreign investor has net purchased on HNX with the net buying value of VND 9,96 bln. At beginning of today s trading session, the market lost points, during the session, market seem recovery when VN-Index rised up over 3 points with help from foreign sector on Bluechips However, at the moment nearly ending of morning session, market began to decline relatively. End in session, market rised slightly (STB +2.01%, GAS 1,55% MSN +1,01%, BVH +1,02%). Besides, the pennies (HQC, IJC, LCG) today started to rise with high liquidity. We believe that the current market is to check the support In two sessions in 06/2014, 2 times the market has reached level 555 and turn left. This suggests that this support is proving quite strong. However, the negative outlook of the market at the moment is lower liquidity. The rationale for this is that the psychological fears of investors. We believe that with the current trend, the transaction may VN-Index will move in the a few more days to create momentum for the breakout of 565 markers and formed a new uptrend. IVS , PVC , EBS , PLC , HAD , EFI , P a g e

3 Top 5 largest trading volume stocks FLC ,551,200 LCG 6.6 3,564,680 HQC 6.7 2,541,170 ITA 7.8 2,016,910 IJC ,862,960 KLF ,628,300 PVX 5.1 3,240,980 KLS ,842,280 SCR 8.2 2,759,780 ITQ 8.9 1,974,510 Top 5 largest trading value stocks (USD In view of the technical analysis, the current graph VN-Index is adjusted down to checking the support zone. Today VN-Index has again turned back after it hits 555 and VN-Index chart is located above the upper boundary of the Bollinger Bands range (20 + / -1). Combining these factors, we believe that in the next session, VN-Index can continue sideway in the range in the next few sessions to break strong resistance from 565. FLC STB HAG SSI GAS KLF KLS SCR FIT ITQ In view of technical analysis, Today, the HNX-Index finished the adjusting and start consolidation uptrend. In session, HNX-Index has again turned back after hitting 74.5 support level. Therefore, we believe that in the next session, the HNX-Index will be able to sideway in the to prepare for the breakout of strong resistance P a g e

4 Trading by sector: Sector Change % Retail 4.44 Insurance Technology Petro Public services Financial services Consumer Goods Entertainment Commodities Chemical Banking Auto parts Resources 0.00 F&B 0.61 Media & Telecom Construction & Materials Health Transactions of 10 largest market cap stocks: % Change OutSt Share ( Market Cap bn) GAS ,895 8,793 VNM ,894 MSN ,311 VCB ,317 3,171 VIC ,904 CTG ,187 2,203 BID ,606 1,789 BVH ,279 STB ,127 1,083 HPG ,012 % Change OutSt Share ( Market Cap bn) ACB PVS SQC SHB VCG PVI OCH LAS VNR Company News Revenue in April and May of Licogi 16 was estimated to be 188 billion vnd Revenue in April and May of LCG company was estimated to be 188 billion vnd, of which 80% came from construction of Formosa project. The revenue in June is forecast to reach 128 billion vnd, which raises the total revenue of the LCG II/2014 quarter to 316 billion. LCG estimated that its pretax profit for second quarter could reach 16 billion. For 2014, LCG sets the goal that its pre-tax profit reaches 22.4 billion vnd. Assuming that the estimated pretax profit of LCG is true, LCG can surely achieve its goal.. In 2013 NAV gained 6.3 billion in profit and decided to give divident 59 billion vnd With the profits gained 6.3 billion vnd in 2013, ANV decided to extract 59 billion dividend in 2013 to 9% in cash. Until late 2013, the company has undistributed profits up to 120 billion. After modest results in 2013, the AGM adopted the business plan targets in 2014 with total sales revenue and EBT respectively billion and 108 billion, up sharply from The expected dividend remained unchanged in 2014 compared with Reportedly, in 2012 the company also had dividend at the rate of 9% in cash. In 2014, the company promotes the stages of rearing, product diversification and expansion of plant food, and invests in manufacturing DAP fertilizer for the first product in 4th quarter. Vinamilk establishes a branch company in Poland Vinamilk Joint Company has received the certificate of investment abroad by the Ministry of Planning and Investment to start their investment projects in Poland. Accordingly, the company will establish Vinamilk Europe company in Poland, which VNM owns 100 % of the capital. The total investment of this project is $3 million. Recently, VNM has made several investments abroad. In December 2013, VNM published the information about increasing investment in Miraka Limited company in New Zealand, up from 12.5 million NZD to NZD 4 million, corresponding to 19.3 % of the equity of the project. In early 2014, VNM has also licensed to invest dairy plan with Angkor Dairy Products company. This is a joint venture between Cambodia partner and VNM. The plant has a total investment of 23 million U.S. dollars, 51% and 49 % of which come from Vinamilk and their CAmbodia partner accordingly. In addition, vinamilk also made an investment on buying 70% stock of Driftwood company, a diary company based in the US. NTP P a g e

5 Rates: Exchange rate(vcb) 02-June 03-June Change (%) US$/VND 21, , EUR/VND 28, , Yen/VND Trade: External factors US$ mn Mar-14 Apr-14 May-14 Export 12,000 12,300 12,000 Import 12,300 12,500 12,400 Trade Balance Implement FDI 1,794 1, In focus: Long An s IIP and Exports Post High Growth In details, the province s IIP grew by 16% on year and exports jumped more than 11% on year to $1 billion in the Jan-May period- the highest growths in the are. Besides, the foreign direct investment (FDI) sector contributed about 70% of the province s total export values. Long An has now attracted 1,300 businesses operating in its 28 industrial zones, including 500 FDI enterprises, creating 87,000 stable jobs for local workers. Promoting investment attraction, creating safe- effective and friendly investment environment are factors that help Long An to speed up industrial development, exports. Securities at the industrial parks have been well organized in the past 5 months that also make foreign investors assured to continue their businesses. 5 P a g e

6 Event Calendar: s Bourse Ex-right date MIC HNX 04/06/2014 AGM 2014 Event TBC HSX 04/06/2014 Interim cash divident payment for 2013, VND1.400/share TIX HSX 04/06/2014 Interim cash divident payment for 2013, VND1.000/share BMJ UPCOM 04/06/2014 Cash divident payment for 2013, VND500/share UDJ UPCOM 04/06/2014 Cash divident payment for 2013, VND1.100/share CIG HSX 05/06/2014 Extraordinary general meeting 2014 HAT HNX 05/06/2014 Cash divident payment for 2013, VND2.000/share KST HNX 05/06/2014 Cash divident payment for 2013, VND800/share PTG UPCOM 06/06/2014 Interim cash divident payment for 2014, VND1.000/share PTP UPCOM 06/06/2014 Cash divident payment for 2013, VND200/share SD1 HNX 06/06/2014 AGM 2014 CNG HSX 06/06/2014 Cash divident payment for 2013, VND2.000/share KDC HSX 06/06/2014 AGM 2014 ST8 HSX 06/06/2014 FCM HSX 09/06/2014 Do the right, rate 2:1 Interim cash divident payment for 2013, VND1.000/share Interim share divident payment for 2013, rate 100:10 MAS UPCOM 09/06/2014 The second cash divident payment for 2013, VND4.250/share PNC HSX 09/06/2014 AGM 2014 TMS HSX 09/06/2014 Cash divident payment for 2013, VND600/share HAP HSX 10/06/2014 Interim cash divident payment for 2013, VND500/share KCE UPCOM 10/06/2014 The second cash divident payment for 2013, VND500/share KTS HNX 10/06/2014 Cash divident payment for 2013, VND1.500/share TSC HSX 10/06/2014 Extraordinary general meeting 2014 VC9 HNX 11/06/2014 Cash divident payment for 2013, VND1.000/share CSM HSX 12/06/2014 Cash divident payment for 2013, VND2.300/share VMC HNX 12/06/2014 Cash divident payment for 2013, VND1.200/share VTF HSX 12/06/2014 Cash divident payment for 2013, VND1.500/share DIH HNX 18/06/2014 Cash divident payment for 2013, VND800/share VE3 HNX 25/06/2014 Cash divident payment for 2013, VND1.300/share MPC HSX 26/06/2014 Cash divident payment for 2013, VND1.500/share 6 P a g e

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