15,001,060 Unmatched bid volume (shares)

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1 Thursday, September 5, 213 HSX HNX VN Index % HNX Index % Trade Volume (shares) 39,162,9 Trade Volume (shares) 14,871,717 Trade Value (VND bn.) 69 Trade Value (VND bn.) 9 Unmatched bid volume (shares) 15,1,6 Unmatched bid volume (shares) 11,894,783 Unmatched ask volume (shares) 16,841,26 Unmatched ask volume (shares) 18,573,383 Up 54 Down 135 Unchanged 72 Up 51 Down 96 Unchange 239 Price chart Price chart TOP VOLUME TOP VOLUME Sym. Ref. Close % Volume % Sym. Ref. Close % Volume % ITA ,181, SCR ,664, FLC ,227, SHB ,367, REE ,779, PVX ,23,6 8.3 PVT ,755, KLS ,91, HAR ,579, VCG , TOP VOLUME BY FOREIGNER TOP VOLUME BY FOREIGNER Buy Sell Buy Sell Sym. Volume % Sym. Volume % Sym. Volume % Sym. Volume % PVT 339, FCN 3, SHN 33, 47.2 VDL 25, VNM 284,99.94 VCB 256, DBC 93, SHB 16, HPG 181, VIC 193, HUT 66, S91 13, PVF 179, 6.87 CTG 153, 7.45 KLS 38, 5.43 S96, DIG 172, 6.6 BVH 134, VCR 35, 5.1 SD9, 8.75 FOREIGN SENTIMENT FOREIGN SENTIMENT /28/213 8/29/213 8/3/213 9/3/213 9/4/213 8/28/213 8/29/213 8/3/213 9/3/213 9/4/213 Buy Sell Total market volume Unit in million shares Buy Sell Total market volume Unit in million shares

2 MARKET COMMENT Market watch On HOSE, VN-Index rose.6 point (+.13%) to points in the opening, but this index could not maintain the green in the continuous order-matching. VN-Index quickly returned going due to the bad news relating to the possibility of war in Syria. Most of large-and small-cap symbols dropped below the reference price, excluding VNM still moving up by VND3, to VND136,. Ending the morning, VN-Index declined 2.12 points (-.45%) to 47.5 points. In the afternoon, the trading on HOSE was still very slowly. However, the put-through matching happened very excited as many stocks were traded strongly i.e. FPT, EIB and MSN. Many pennies were sold strongly in the afternoon i.e. ITA, HQC, ITC, LCG and MCG. Closing the market VN-Index lost.72 point (-.15%) to points. Liquidity on HOSE reached 69.7 million units, worth VND1,743 billion; in which the put-through trading was 3.1 million units, equal to VND1,13 billion. The stocks with the largest matching volume on HOSE included ITA (3.18 million units), FLC (2.2 million units), and REE (1.78 million units). Similar to VN-Index, HNX-Index also decreased by.45 point (-.73%) to 6.2 points with 14.9 million units, valued at VND9.15 billion. The pillared codes on HXN such as ACB, PVS, VCG, SHB, SCR and BVS declined VND-VND4. And liquidity on HNX also mainly came from the trading of large-cap stocks. SHN was bought strongly in this session with 33, units matched. SCR led in liquidity on HNX with 2.66 million units, followed by SHB and PVX with 1.37 and 1.23 million units, respectively. Foreign investors unexpectedly returned to buy net VND18.56 billion on HOSE and VND3.25 billion on HNX. UPCoM-Index added.2 point (+.4%) to points. Market Commentary Local stock market has showed decelerated decline this week. Gradually, trading volume also headed higher. Local investors still showed caution upon waiting for further news. In the meantime, we saw that foreign traders enhanced buying at many stocks, including large caps and small caps. On the contrary, they also sold considerably at some big names which pushed the market a little lower. At present, both buying and selling orders are lower than in last week. We expect to see higher trading volume towards the end of the week when more local investors return. Indexes have moved flatter and continually touched the lower band after posting strong decline. A reversal is ready to happen.

3 Technical analysis VN-Index declined but still moved above the supportive area of points. Selling-pressure was not so strong while demand force focused on the low prices; this fact showed that the market will be difficult to drop deeply in short-term. The matching volume increased by 57% to million units, but this level was still lower than the average volume of lasted 5 sessions. Meanwhile, MACD still moved to level proving that investors were still so pessimistic about the market. However, the speculators can still accumulate more stocks at this time if VN-Index does not fall below the 46-point level. Resistance 1:48 Resistance 2: 497 Support 1: 46 Support 2: 44 Technical signal for trading Price crossed above EMA () Price crossed below EMA () Code Exchange Price EMA () Code Exchange Price EMA () PVT HOSE VNM HOSE CTG HOSE REE HOSE FIT HNX HAG HOSE STB HOSE GAS HOSE PVD HOSE VIC HOSE RSI (14) oversold RSI (14) overbought Code Exchange RSI Code Exchange RSI PPC HOSE CMI HNX CSM HOSE 27.1 SCL HNX HAR HOSE API HNX FLC HOSE MHC HOSE 77 CII HOSE 2.6 TDW HOSE 79.55

4 Vietnam Development Bank Sells $4.24M Worth of Govt Bonds, Yields Unchanged Vietnam Development Bank (VDB) sold just VND9 billion ($4.24 million) out of VND4 trillion worth of governmentbacked bonds via the Hanoi Stock Exchange (HNX) on Sept 3. ADB sold VND5 billion worth of threeyear and VND4 billion worth of five-year bonds at annual coupon of 8.3% and 9.1%, respectively, unchanged from the previous auction. The sales helped raise total fund mobilized from bond sales by the VDB via the Hanoi exchange in the year to date to VND trillion. Vietnam had the fastest-growing government bond market in emerging East Asia in the first quarter, the Asian Development Bank said in June. Investors, however, were now looking at other options offering better returns. (tinnhanhchungkhoan.vn Sept 4) Forbes Announces 5 Best Vietnamese Listed Firms; Vinamilk on Top U.S magazine Forbes, which launched its first printed issue in Vietnam on June 24, has announced for the first time the 5 best companies listed on the country s two national bourses. The 5 firms had a combined market value of VND74 trillion ($33.2 billion) as of mid-august, accounting for 74% of the total market cap of the HCM City and Hanoi exchanges. They reported a combined revenue of VND413 trillion in 212, or 43% of the total figure. Vietnam s largest dairy producer Vinamilk (VNM) ranked first in the list thanks to the combination of solid business performance, a high-value brand name and good growth potential. It is followed by PetroVietnam s three offshoots namely PV Gas (GAS), PV Fertilizer (DPM) and PV Drilling Mud (PVC). The top 5 listed companies belong mainly to three sectors namely consumer goods (foodstuff, sugar), resources (mineral exploitation, rubber) and gas and oil. They had recorded continuous growth in revenue and profit over the past three years. Economic and corporate highlights Ho Chi Minh City Securities (HSC) is the only brokerage present in the list while small firms such as Viet Nhat Medical Instrument (JVC), Tuong An Vegetable Oil (TAC) and Bien Hoa Packaging (SVI) also entered the list. (VnExpress.vn) Vietnam Masan Group 213 Net Profit Likely to Rise 27.6%: Saigon Securities Masan Group (MSN), one of the largest private-run conglomerates in the country, is likely to make a net profit of VND2.5 trillion ($118.7 million) this year, a 27.6% rise from a year earlier, Saigon Securities Inc. (SSI) said. MSN s revenue would reach VND13.31 trillion in 213, up 25.8% on year, SSI forecasted. Its full-year earnings per share would be VND2,731. MSN made a consolidated net profit of VND billion ($6.4 million) on revenue of VND4.27 trillion in the first half of this year, 84% and up 5.15% on year, respectively. MSN stock ended.61% at VND81,5/share on September 3. (ndhmoney.vn Sept 4) Vietnam Steel Maker HSG Estimates Net Profit at VND58B in Fiscal Year Hoa Sen Group (HSG), one of the bluechips on the Hochiminh Stock Exchanges, estimated its net profit at VND58 billion ($27.36 million) in its fiscal year beginning October 1, 212, exceeding its full-year target by 45%. Revenue may reach VND11.7 trillion during the period, surpassing its wholeyear plan by 6%, the local financial website Vietstock.vn reported. HSG estimated that it made a consolidated net profit of VND556.4 billion ($26.25 million) on revenue of VND9.62 trillion in the first ten months of its fiscal year beginning October 1, 212. HSG stock stayed flat at VND37,6/share on September 3. (Vietstock.vn Sept 4) Vietnam Insurer PGI Lowers 213 Profit Target to VND5B Pjico Insurance Corporation (PGI), listed on the Hochiminh Stock Exchange, has revised its 213 pretax profit target by 22.22% to VND5 billion ($4.95 million) from its initial target of VND135 billion. However, PGI did not mention any adjustment to its revenue target or reason for the revision, the Dau Tu Chung Khoan newspaper reported, adding that dividend payout target will remain unchanged at 9%. In H1, PGI made a consolidated net profit of VND3.3 billion on revenue of VND94.34 billion, 94.32% and up 8.89% on year, respectively. PGI stock stayed flat at VND8,/share on September 3. (tinnhanhchungkhoan) Vietnam Top Dairy Firm Sells All 85, Shares of TDW Vietnam Dairy Products Corporation (VNM) or Vinamilk, the country s largest dairy products producer, sold its entire 85, shares of Thu Duc Water Supply JSC (TDW) to Refrigeration Electrical Engineering Corporation (REE) on August 3. As a result, VNM cut its holding in TDW to zero from the earlier % while REE raised its holding in TDW to.5% from the previous.5%. TDW targets a net profit of VND21.45 billion ($1.1 million) on revenue of VND42.98 billion this year, 5.5% and 12.54% higher than the real figures in 212. TDW stock ended up 6.67% at VND19,2/share on September 3. (hsx.vn Sept 3) Vietnam Constructor DIC to Issue 636,445 New Shares for Dividend Payment DIC Investment & Trading JSC, or DIC- Intraco (DIC), has approved a plan to issue 636,445 new shares to pay a dividend at a 1-for-25 ratio for 212, the company said in a statement sent to the Hochiminh Stock Exchange. The issuance will help DIC raise its registered capital to VND17.83 billion ($8.6 million) from the current VND billion. DIC made a consolidated net profit of VND1.64 billion ($77,) on revenue of VND1.33 trillion in H1, up 6.8-fold and 8.8% on year, respectively. DIC stock ended 3.64% at VND5,3/share on September 3. (hsx.vn Sept 3)

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