15,663,410 Unmatched bid volume (shares)

Transcription

1 Friday, September 2, 213 HSX HNX VN Index % HNX Index % Trade Volume (shares) 32,482,7 Trade Volume (shares) 26,288,35 Trade Value (VND bn.) 557 Trade Value (VND bn.) 163 Unmatched bid volume (shares) 15,663,4 Unmatched bid volume (shares) 22,745,865 Unmatched ask volume (shares) 24,47,8 Unmatched ask volume (shares) 31,362,765 Up 4 Down 73 Unchanged 84 Up 87 Down 87 Unchange 211 Price chart Price chart TOP VOLUME TOP VOLUME Sym. Ref. Close % Volume % Sym. Ref. Close % Volume % PVT ,52, SHB ,14, PPC ,151, PVX ,698, HAR ,662, VCG ,639, REE ,32, SCR ,33, 5.8 IJC ,319, FIT , TOP VOLUME BY FOREIGNER TOP VOLUME BY FOREIGNER Buy Sell Buy Sell Sym. Volume % Sym. Volume % Sym. Volume % Sym. Volume % BVH 479, PPC 1,37, SHB 3,933, VCG 4,95, DRC 361, SJS 941, PVS 7, 1.68 SHB 2, 3.82 DPM 323, IJC 691, VCG 25,3.61 TTZ 34,.65 VCB 26,53.51 VFMVF1 62, SKS 19,6.47 AAA,.19 HAG 111, PVF 179, AAA 19,.46 ADC,.19 FOREIGN SENTIMENT FOREIGN SENTIMENT /13/213 9/16/213 9/17/213 9/18/213 9/19/ /13/213 9/16/213 9/17/213 9/18/213 9/19/ 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 unexpectedly returned going in the morning as it rose 3.73 points (+.79%) to points thanks to the good news from U.S. stock market. In the continuous order-matching, trading activities still happened very slowly. VN-Index fluctuated in the range of points. Most of large-cap stocks moved, while PVF still dropped to the floor price with over 7 million units in unmatched ask volume at floor price. Ending the morning VN-Index added 3.37 points (+.71%) to points. In the afternoon, VN-Index sometimes surged to the 479-point level after the pillared codes i.e. GAS, BVH and PVD were bought strongly. Then code GAS was suddenly sold strongly at red price; this fact dragged VN- Index down to the 476-point level. But VN-Index still maintained the green in the afternoon. Many small-cap stocks declined in this session such as KSS, KTB, LCG, DIC, PXL and PTL. Closing the market, VN-Index increased by 1.83 points (+.39%) to points. Total matching volume on HOSE reached 35.6 million units, valued at VND billion; in which the put-through trading accounted for 3.1 million units, equal to VND72.2 billion. The stocks with the largest matching volume on HOSE included PVT (2.5 million units), PPC (2.15 million units), and HAR (1.66 million units). On HNX, HNX-Index also jumped.26 point (+.44%) to points with 28.2 million units matched, worth VND174.9 billion. The pillared symbols on HNX stayed at the reference price or increased slightly VND- VND2. VCG closed VND2 to VND7,6 although this code was sold nearly 5 million units by foreigners; meanwhile, SHB was still bought net 3.7 million units by them. SHB and PVX also led in matching volume on HNX with 6.14 and 5.7 million units, respectively. Foreign investors returned to buy net VND.35 billion on HOSE, but they sold net VND8.79 billion on HNX. UPCoM-Index lost.2 point (-.4%) to points. Market Commentary The announcement of resisting QE temper of Fed was a main factor for the surge right from the outset of the trading day. However, then the accelerating selling force has slowed down the increased momentum of the market. Unlike recent sessions when trading was just concentrated on big-cap stocks, the today trading session has shown the improvement on smaller ones and brought the market to quite balance status as the number of gainers started to overcome that of losers. Further than that, the pressure of withdrawing from ETFs has begun to slowdown and reverse when the outstanding shares of such ETFs signaled the receration. However, amid the situation of remaining market liquidity, it is sposed that the investors should be more patient before clearer signals appears.

3 Technical analysis The market continued following to the sideway moving tendency as VN-Index returned going ; this fact showed that the SMA(2) was still a good sport-line for VN-Index at the moment. However, VN-Index closed lower than the opening price proving the strengthening of selling-pressure at high price. Therefore, VN-Index will be difficult to end the flat moving tendency in this week. The matching volume has not been improved as it was still at low level with 32.5 million units traded. But MACD still gave the positive signal as this indicator moved to level. According to these signs, bidding will be very risky for the speculators at the moment. Resistance 1:48 Resistance 2: 497 Sport 1: 46 Sport 2: 44 Technical signal for trading Price crossed above EMA () Price crossed below EMA () Code Exchange Price EMA () Code Exchange Price EMA () GAS HOSE BVH HOSE SHB HNX PPC HOSE PVD HOSE VCG HNX REE HOSE PVX HNX DPM HOSE HAG HOSE RSI (14) oversold RSI (14) overbought Code Exchange RSI Code Exchange RSI VCG HNX S91 HNX PVX HNX CYC HOSE HAR HOSE CTM HNX IJC HOSE VNL HOSE 7.39 SCR HNX HAI HOSE 77.75

4 Norway Bank Becomes Major Shareholder of Vietnam Top Dairy Firm Norges Bank, Norway s central bank, and its affiliated institutions have become a major shareholder of Vietnam Dairy Products Corporation (VNM) or Vinamilk by raising their holding in the company to 5.5%, equal to million shares. Norges Bank bought an additional 5, shares of VNM on Sept 16, raising its holding to 1.87 million shares. Amersham Industries Limited also holds a 1.994% stake, Grinling International Limited a.446% stake and Vietnam Enterprise Investment Limited a.224% stake. VNM, the country s largest dairy products producer, made a consolidated net profit of VND3.37 trillion ($159.1 million) on revenue of VND14.75 trillion in the first half of this year, 21.5% and 14.4% on year, respectively. VNM stock stayed flat at VND137,/shares on September 17. (hsx.vn Sept 17) Deutsche Bank Becomes Major Shareholder in Vietnam Tire Maker Casumina Deutsche Bank AG, London Branch, a subsidiary of Deutsche Bank, its affiliated institution, have become a major shareholder of Southern Rubber Industry JSC (Casumina-CSM), one of the leading tire producers in Vietnam, by raising their holding in the company to 5.26% from the earlier 4.72%. Deutsche Bank AG - London Branch, bought an additional 369,42 shares of CSM on September 9, raising its holding to 2.67 million shares. Its affiliated institution Deutsche Asset Management (Asia) Ltd also holds a 1.29% stake in CSM. CSM made a net profit of VND billion ($7.95 million) on revenue of VND1.53 trillion in the first half of this year, surging by 54% and.4% on year, respectively. CSM stock ended.59% at VND34,3/share on September 17. (hsx.vn Sept 17) Foreign Institutions Buy 3.75M Shares of Vietnam Fertilizer Maker DPM A gro of foreign institutions bought a Economic and corporate highlights combined 3.75 million shares of PetroVietnam Fertilizer & Chemical Corporation (DPM), a subsidiary of the state-run Vietnam Oil and Gas Gro (PetroVietnam), between June 21 and September 11. Norges Bank, Norway s central bank, purchased an additional 2.52 million shares of DMP while Ireland-based Balestrand Limited bought 738,69 shares. As a result, the investors raised their combined holding in DPM to 6%, equal to million shares, from the earlier 5.1%. DPM made a consolidated net profit of VND1.6 trillion ($75.57 million) on revenue of VND6.14 trillion in the first half of this year, falling by 17.4% and 14.42% on year, respectively. DPM stock was trading at VND 43,/share at 11.3 am local time September 18,.94% higher at the close on September 17. (hsx.vn) PetroVietnam Offshoot PVX to Divest from Non-Core Businesses PetroVietnam Construction Joint Stock Corporation (PVX), a subsidiary of Vietnam Oil and Gas Gro (PetroVietnam), will divest entirely from non-core businesses, as part of its restructuring plan in the period. Under the restructuring scheme, PVX will comprise of the parent company and six subsidiaries and focus on onshore construction works, the Dau Tu Chung Khoan newspaper reported on September 18. In 212, PVX sold its entire stakes in PetroVietnam Premier Recreation JSC (PVR), Hoa Binh PetroVietnam Construction JSC (PVCS) and PV- Inconess Investment JSC. PVX made a consolidated loss of VND billion ($2.6 million) on revenue of VND1.85 trillion in H1, compared to a loss of VND467.8 billion on revenue of VND2.27 trillion in H1/212, mostly due to losses by its subsidiaries. (tinnhanhchungkhoan.vn) Vietnam Mineral Firm HGM to List 6.3M New Shares on HNX Ha Giang Mineral Mechanics JSC (HGM) has received approval from the Hanoi Stock Exchange (HNX) to list 6.3 million new shares on the bourse. The shares, previously paid as bonus shares to existing shareholders, will be tradable starting September 23, the bourse said on its website. The additional listing will help the company raise its total listed volume to 12.6 million shares. HGM made a net profit of VND52.2 billion ($2.45 million) on revenue of VND84.84 billion in the first half of this year, falling by 21.6% and 8.2% on year, respectively. HGM stock stayed flat at VND6,/share on September 17. (hnx.vn Sept 17) Vietnam Transporter PJT to List 1.26M New Shares on HOSE Petrolimex Joint Stock Tanker Company (PJT) has received approval from the Hochiminh Stock Exchange to float 1.26 million new shares on the bourse. The shares, previously issued for a dividend payout, will be tradable starting September 24, the bourse said on its website. The additional listing will help the company raise its total listed volume to 9.7 million shares. PJT made an audited net profit of VND5.5 billion ($238,) on revenue of VND165.1 billion in H1, down 36.5% and 9.6% on year, respectively. PJT stock ended down 1.41% at VND7,/share on September 17. (hsx.vn Sept 17) Viettel Global s H1 Consolidated Net Profit Jumps 2.9 Times to $21.4M Viettel Global Investment JSC, run by the military-run Viettel Gro - among the leading telecommunications gros in Vietnam, said it made a consolidated net profit of VND billion ($21.4 million) in the first half of this year, 2.9-fold from the same period last year. Revenue jumped 56.54% on year to VND4.79 trillion during the period, Viettel Global said in its consolidated quarterly financial report. The six-month earnings per share was VND729. Its total assets rose by.31% from end- 212 to VND18.12 trillion while its equity was VND8.3 trillion at end-june. (

5 DISCLAIMER: This report is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject SBBS to any registration or licensing requirement within such jurisdiction. The information, tools and material presented in this report are provided to you for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments. On the other hand, SBBS may trade for its own account as a result of the short term trading suggestions of analysts and may also engage in securities transactions in a manner inconsistent with this research report and with respect to securities covered by this report, will sell to or buy from customers on a principal basis. Before acting on any recommendation in this material, you should consider whether it is suitable for your particular circumstances including your tax position, your regulatory environment and the nature of your other assets and liabilities. This material is based on information and opinions that have been obtained or derived from sources believed by SBBS to be reliable, but SBBS does not warrant their accuracy or completeness and they should not be relied on as such. SBBS accepts no liability for loss arising from the use of the material presented in this report. SBBS may have issued, and may in the future issue, other reports that are inconsistent with, and reach different conclusions from, the information presented in this report. Information, opinions and estimates contained in this report reflect a judgment at its original date of publication, are given in good faith by SBBS and are subject to change without notice. Some investments discussed in this report may have a high level of volatility experiencing sudden and large falls in their value causing losses when that investment is realized. Where an investment or security is denominated in a different currency to the investor s currency of reference, fluctuations in rate of exchange may have an adverse effect on the value, price or income of or from that investment to the investor. Recipients who are not market professional or institutional investor clients of SBBS should seek the expert legal and financial advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents. All material presented in this report, unless specifically indicated otherwise, is under copyright to SBBS. None of the material, nor its content, nor any copy of it, may be altered in any way, transmitted to, copied or distributed to any other party, without the prior express written consent of SBBS. Copyright 28 SaigonBank Berjaya Securities Joint Stock Company. All rights Reserved. RESEARCH DEPARTMENT SAIGONBANK BERJAYA SECURITIES JSC Level 5&6, 2C Pho Duc Chinh Street, District 1, Ho Chi Minh City, Vietnam Tel: (84 8) Fax: (84 8) Web: