DAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Thursday, 11 th August, 2016
|
|
- Amelia Russell
- 5 years ago
- Views:
Transcription
1 Thursday, 11 th August, 2016 MARKET SNAPSHOT VN Index exceeded 660 points, reactivated upward trend. Liquidity was at a high level. Foreign investors were net buyers on both exchanges. Market Highlights HSX HNX Index /- (%) 1.84% 1.19% (share) 140,823,073 43,741,801 Value (VNDmln) 2, Advancers Decliners Unchanged Foreign Investment HSX HNX Buy (VND bln) Sell (VND bln) Net position (VND bln) VCBS COMMENTARY Market recorded its strongest gain in nearly a month. Liquidity surged, accompanied by positive investors sentiment. Highlight was kept on large-cap stocks in VNM and VCB while these two tickers contributed more than 50% index's gain. Meanwhile, the role of VIC temporarily faded when bottom-fishing shares on Monday were available for trading and consequently created a certain profit-realizing pressure. However, bullish momentum continued to spread as advancers completely outpaced decliners. From sectors perspective, the consensus in all stock groups caused indices continuous advance during the session, VN Index successfully exceeded resistance level of 660 points and closed at its highest level today. Therein, besides Banking, Food Consumption, many tickers in Building Materials, Insurance, Automobile, etc extended impressive growth. As mentioned in previous reports, we believe that the banking system s abundant liquidity and steady disbursing momentum of foreigners (excluding transaction at VIC) were the good supporting factors for market's recovery. Indicators signal is confirming the positive trend in short-term as index broke MA20 with high liquidity, inflows continued to rotate. Accordingly, market is likely to maintain recovering momentum in upcoming sessions. However, current phase still derived largely from a few pillars while previous high in July is present. During this stage, investors can consider disbursing partly in blue chips leading the trend or fundamental stocks dropping sharply in recent period instead of chasing buy to keep proactive position and minimize risks.
2 TECHNICAL VIEW Two indices surged. A high level of liquidity indicated demand is activated strongly. VN Index left MA20 behind and reactivated upward trend. Meanwhile, HNX Index is approaching MA20. Accordingly, in short-term, investors may disburse gradually, focus on blue chips leading the trend or good fundamental stocks dropping sharply in recent period. VN Index VN Index formed the fourth consecutive empty green candle, closed above MA20. Liquidity rebounded, indicating that bottom-fishing demand was reactivated. The next candles tend to verify midterm resistance trend line. Support level: 660; resistance level: 680. HNX Index HNX Index formed the third consecutive empty green candle with long real body and was close to MA20. Liquidity still increased, indicating that demand continued to maintain on the market. Upcoming candles are likely to verify MA20. Support level: 83, resistance level: Page 1
3 ENTERPRISE IN FOCUS FCN FCN has released 1H2016 operating result at revenue of VND644bn (+18,6% yoy, 24,8% target), consolidated net profit reached VND46,5bn (-12,5% yoy, 26,9% target) and EAT of parent company posted at VND45,6bn. Revenue growth increased but lowering in profits as compared to last year is mainly due to corporate management cost and interest expenses were boosting up rapidly as compared to revenue growth. Prospect: By August 2016, FCN s total value of signed contracts hit VND2.300bn. Besides, FCN frequently account business result in Q.4 as regular. We forecasted that in 2016, FCN would reach revenue of VND2.400bn (+13,5% yoy) and EAT from parent company would hit VND162bn (+14,1% yoy), corresponding to EPS forward 2016 which was VND3.543/share. Preliminary Assessment: FCN might continue to maintain their growing momentum in 2016, despite the rapid improvement of corporate management cost and also interest expense should be concerned. In terms of EPS forward 2016 is expected to reach VND3.543/share, equivalent with P/E forward by 5,62 times. Considering reasonable value of VND24.623/share (excluding 10% of net cash dividend), higher than approximately 20% as compared to the market price, which was rather attractive, therefore we suggest to BUY for FCN. Page 2
4 MARKET STATISTICS (1000) Market supply and demand Buy Aver. Buy (1000) Sell Aver. Sell Aver.B/ Aver.S Last session HOSE 320,565,830 5, ,178,990 4, HNX 71,171,600 4,847 67,984,200 4, Foreign trading Buying value (bn VND) Selling value (bn VND) Top 5 most volatile tickers HOSE HNX Top 5 ticker in liquidity Value Ticker Closing price (1000đ) % change Ticker Closing price (1000đ) % change Advancers NKG HGM MHC BSC TCM BXH STK FID HAG VFR Decliners PNC TTF VMD SAV GTA Code (mln share) % order matching Code Value (blnvnd) % order matching HOSE ITA VNM KBC KBC FLC HPG HAG HSG HAR CII HNX VCG VCG SCR PVS PVS DST HKB SCR SHB BII Top 5 tickers with largest supply-demand gap Buy- Sell Sell- Buy Ticker +/- (share) Ticker +/- (share) HOSE ITA 31,139,810 TTF 16,740,140 FLC 10,004,960 DRH 3,309,870 KBC 6,348,410 HAR 1,725,100 HHS 5,532,680 PPI 1,594,130 HAG 5,233,440 NT2 754,270 HNX SHB 1,651,800 PVX 1,174,300 KLF 1,146,600 HUT 798,000 SCR 831,900 ACM 420,000 DCS 570,800 HKB 401,300 PV2 479,200 VND 367,400 Top 5 tickers net bought/sold by the foreign Buy- Sell Sell- Buy Ticker +/- (share) Ticker +/- (share) HOSE FLC 2,592,210 HBC 1,690,180 VNM 1,030,390 JVC 1,329,100 HPG 823,010 VIC 1,044,790 SSI 566,070 VNM 810,820 MBB 470,000 HPG 598,360 HNX PVS 805,000 AAA 114,600 DLR 187,000 NTP 88,400 VND 140,000 VNR 43,000 VIT 70,000 VCG 42,300 BVS 63,900 SCR 24,000 Page 3
5 DISCLAIMER This report is designed to provide updated information on the fixed-income, including bonds, interest rates, some other related. The VCBS analysts exert their best efforts to obtain the most accurate and timely information available from various sources, including information pertaining to market prices, yields and rates. All information stated in the report has been collected and assessed as carefully as possible. It must be stressed that all opinions, judgments, estimations and projections in this report represent independent views of the analyst at the date of publication. Therefore, this report should be best considered a reference and indicative only. It is not an offer or advice to buy or sell or any actions related to any assets. VCBS and/or Departments of VCBS as well as any affiliate of VCBS or affiliate that VCBS belongs to or is related to (thereafter, VCBS), provide no warranty or undertaking of any kind in respect to the information and materials found on, or linked to the report and no obligation to update the information after the report was released. VCBS does not bear any responsibility for the accuracy of the material posted or the information contained therein, or for any consequences arising from its use, and does not invite or accept reliance being placed on any materials or information so provided. This report may not be copied, reproduced, published or redistributed for any purpose without the written permission of an authorized representative of VCBS. Please cite sources when quoting. Copyright 2012 Vietcombank Securities Company. All rights reserved. CONTACT INFORMATION Tran Minh Hoang Le Thu Ha Nguyen Huy Hoang Chief Economist tmhoang@vcbs.com.vn Investment Analyst ltha_ho@vcbs.com.vn Investment Analyst nhhoang@vcbs.com.vn VIETCOMBANK SECURITIES COMPANY Ha Noi Headquarter Ho Chi Minh Branch Da Nang Branch Phu My Hung Transaction Unit Giang Vo Transaction Unit Can Tho Representative Office Vung Tau Representative Office An Giang Representative Office Dong Nai Representative Office HaiPhong Representative Office Binh Duong Representative Office Floor 12th& 17th, Vietcombank Tower, 198 Tran QuangKhai Street, HoanKiem District, Hanoi Tel: (84-4) ext: 140/143/144/149/150/151 Floor 1 st and 7 th, Green Star Building, 70 Pham Ngoc Thach Street, Ward 6, District No. 3, Ho Chi Minh City Tel: (84-8) Floor 12 th, 135 Nguyen Van Linh Street, Thanh Khe District, Da Nang City Tel: (84-511) ext: 801/802 Lawrence Sting Building, 801 Nguyen Luong Bang Street, Phu My Hung Urban Zone, District No. 7, Ho Chi Minh City Tel: (84-8) Floor 1 st, Building C4 Giang Vo, Giang Vo Ward, Ba Dinh District, Hanoi Tel: (84-4) Floor 1 st, Vietcombank Can Tho Building, 7 HoaBinh Avenue, NinhKieu District, Can Tho City Tel: (84-710) Floor 1st, 27 Le Loi Street, Vung Tau City, Ba Ria - Vung Tau Province Tel: (84-64) /75/76/77/78 Floor 6 th, Nguyen Hue Building, 9/9 Tran Hung Dao Street, My Xuyen Ward, Long Xuyen City, An Giang Province Tel: (84-76) F240-F241 Vo Thi Sau Street, 7 th Block, Thong Nhat Ward, Bien Hoa City, Dong Nai Province Tel: (84-61) Floor 2 nd, 11 Hoang Dieu Street, Minh Khai Ward, Hong Bang District, HaiPhong City Tel: (+84-76) Floor 3th, 516 CachMangThang Tam Street, PhuCuong Ward, Thu Dau Mot City, Binh Duong Province. Tel: (+84-76) Page 4
DAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Thursday, 4 th August, 2016
Thursday, 4 th August, 2016 MARKET SNAPSHOT Indexes suffered mixed tones Liquidity rose slightly but still remained at a low level. Foreign investors were net buyers on both exchanges. Market Highlights
More informationDAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Thursday, 23 rd June, 2016
Thursday, 23 rd June, 2016 MARKET SNAPSHOT Indexes rose significantly, exceeded short-term peak. Liquidity increased slightly. Foreign was the net seller on both stock exchanges.. Market Highlights HSX
More informationDAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Thursday, 18 th August, 2016
Thursday, 18 th August, 2016 MARKET SNAPSHOT Indexes suffered mixed tones. Liquidity rose slightly. The Foreign extended net-sold momentum on HOSE to fourth consecutive session. Market Highlights HSX HNX
More informationDAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Tuesday, 09 th May, 2017
Tuesday, 09 th May, 2017 MARKET SNAPSHOT Two indices ticked up Liquidity slightly increased. Foreign recorded a net-sold value on both stock exchange. Market Highlights HSX HNX Index 722.11 90.37 +/- (%)
More informationDAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Monday, 09 th May, 2016
Monday, 09 th May, 2016 MARKET SNAPSHOT Both indexes slightly corrected. Lower liquidity (if excluded putthrough trading of 23 million TTF share) Erratic net-sold by the Foreign on HOSE focused on VIC.
More informationDAILY MARKET REPORT VCBS COMMENTARY MARKET SNAPSHOT. Thursday, 11 th May, 2016
Thursday, 11 th May, 2016 MARKET SNAPSHOT Indexes closed in a mixed tone. Liquidity pressed lower. The Foreign recorded a strong net bought value on HOSE. Market Highlights HSX HNX Index 724.99 89.90 +/-
More informationWednesday, October 07 th 2015
MARKET COMMENTARY Market snapshot Both indexes marginally corrected. Liquidity settled high. Erratic net-bought from the Foreign in HOSE. VCBS commentary Market got off strong today following the excitement
More informationMARKET S STRATEGY TEAM REASEARCH DEPARTMENT
MARKET S STRATEGY TEAM REASEARCH DEPARTMENT Friday, 22 nd April, 216 EQUITY MARKET REPORT Q1.216 Indexes are expected to reach their old peaks in Q2. Q1.215- Highlights IN THIS ISSUE Equity market report
More informationFixed-Income Research. Fixed-Income Report. Annual Report 2018 January 22 nd,2018. Round-Up. VCBS Commentary
01-17 02-17 03-17 04-17 05-17 06-17 07-17 08-17 09-17 10-17 11-17 12-17 01-18 02-18 03-18 04-18 05-18 06-18 07-18 08-18 09-18 10-18 Fixed-Income Research Annual Report 2018 January 22 nd,2018 Fixed-Income
More informationPHU NHUAN JEWELRY JSC (PNJ HOSE) PNJ HOSE UPDATE REPORT. April 04 th, 2017
PHU NHUAN JEWELRY JSC (PNJ HOSE) UPDATE REPORT April 04 th, 2017 Exchange PNJ HOSE INFORMATION (04.04.2017) HOSE Outstanding shares 98,273,868 Average volume of 10 days 95,395 Market price 74,100 Target
More informationMACROECONOMIC RESEARCH
`` MACROECONOMIC RESEARCH 20 th, March 2017 MONTHLY REPORT FEB 2017 by A member of VIETCOMBANK In this report Highlights Macroeconomic factors Financial market Global economy Tran Minh Hoang +84 4 3936
More information23,753,600 Unmatched bid volume (shares)
Thursday, October 17, 213 HSX HNX VN Index 498.96 3.24.65% HNX Index 61.12.36.59% Trade Volume (shares) 68,958,65 Trade Volume (shares) 23,356,89 Trade Value (VND bn.) 882 Trade Value (VND bn.) 18 Unmatched
More information16,925,870 Unmatched bid volume (shares)
Thursday, August 29, 213 HSX HNX VN Index 473.3 12.27 2.53% HNX Index 6.68.73 1.19% Trade Volume (shares) 65,368,12 Trade Volume (shares) 22,214,47 Trade Value (VND bn.) 1,149 Trade Value (VND bn.) 188
More information19,284,120 Unmatched bid volume (shares)
Friday, August 23, 213 HSX HNX VN Index 496.12 6.58 1.31% HNX Index 61.85.53.85% Trade Volume (shares) 5,95,1 Trade Volume (shares) 18,625,57 Trade Value (VND bn.) 889 Trade Value (VND bn.) 161 Unmatched
More information15,001,060 Unmatched bid volume (shares)
Thursday, September 5, 213 HSX HNX VN Index 471.45.72.15% HNX Index 6.2.45.74% Trade Volume (shares) 39,162,9 Trade Volume (shares) 14,871,717 Trade Value (VND bn.) 69 Trade Value (VND bn.) 9 Unmatched
More informationMARKET REPORT WEEK FROM JULY 27 TO 31, ECONOMIC OVERVIEW. World News
MARKET REPORT WEEK FROM JULY 27 TO 31, 2009 www.fpts.com.vn Tran Duy Ngoc NgocTD@fpts.com.vn Nguyen Binh Duong DuongNB2@fpts.com.vn Listed Brokerage Department FPT Securities JSC Head Office Floor 2, 71
More information13,985,990 Unmatched bid volume (shares)
Wednesday, September 18, 213 up down up down HSX HNX VN Index 477.73 2.16.45% HNX Index 59.53.5.83% Trade Volume (shares) 35,374,16 Trade Volume (shares) 22,786,856 Trade Value (VND bn.) 65 Trade Value
More informationMCG increased VND5 billion of profit after reviewing the financial statement. Remittances reached USD2.75 Bln in 8 Months at HCMC
03 Sep 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Appeared the decline signal Company News: In focus: Short News MCG increased VND5 billion of profit after reviewing
More informationTraded below the MA(200)
Millions XIN CHAO VIETNAM 27-Jun-18 27-Jun 1M (%) 3M (%) VN 969 0.5% -17.3% Turnover 5,911 (VNDbn) Foreign Net Buy 2,223 (VNDbn) Source: Bloomberg 1,400 1,200 1,000 800 VN 1Y Movement 600 06/17 09/17 12/17
More informationApproaching the 900 threshold
Millions XIN CHAO VIETNAM 09-Jan-19 Market Performance 9-Jan 1M (%) 3M (%) VN 897-6.4% -10.0% Turnover 3,000 (VNDbn) Foreign Net Buy 90 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationBreak through 1,000 threshold
Millions XIN CHAO VIETNAM 20-Sep-18 Market Performance 20-Sep 1M (%) 3M (%) VN 1,005 3.6% 2.4% Turnover 5,020 (VNDbn) Foreign Net Buy 8 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200 1,000 800 600 0 09/17
More informationOil and Gas halts. XIN CHAO VIETNAM 28-Sep-18. Market Performance. Fixed-Income and Commodity. Corp.Earnings Forecast by KISVN. VNIndex Trading Map
Millions XIN CHAO VIETNAM 28-Sep-18 Market Performance 28-Sep 1M (%) 3M (%) VN 1,017 2.2% 6.2% Turnover 6,139 (VNDbn) Foreign Net Buy 221 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200 1,000 800 600 0 09/17
More informationVietnam Stock market Technical Analysis Week: February 05 th 09 th
Vietnam Stock market Technical Analysis Week: February 05 th 09 th VN-Index s trend Weekly chart Current price: 1,105 points Support level: 1,060-1,065 points Resistant level: 1,170-1,175 points VN-Index
More informationOverview. Vietnam Daily Review
Overview BSC RESEARCH Head of Research Tran Thang Long longtt@bsc.com.vn Wed, May 25, 2016 Unconfirmed trend BSC's Forecast on the stock market Negative Neutral Positive Day 26/5/2016 Week 23/5-27/5/2016
More information22,179,150 Unmatched bid volume (shares)
Friday, October 11, 213 HSX HNX VN Index 494.81 5.86 1.17% HNX Index 6.73.43.7% Trade Volume (shares) 63,565,5 Trade Volume (shares) 25,373,63 Trade Value (VND bn.) 93 Trade Value (VND bn.) 219 Unmatched
More informationLarge-cap stocks diverge
Millions XIN CHAO VIETNAM 10-Jan-19 Market Performance 10-Jan 1M (%) 3M (%) VN 898-6.0% -9.6% Turnover 2,656 (VNDbn) Foreign Net Buy 140 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationBreakout October bottom
Millions XIN CHAO VIETNAM 03-Jan-19 Market Performance 3-Jan 1M (%) 3M (%) VN 878-7.7% -13.9% Turnover 3,448 (VNDbn) Foreign Net Buy 140 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationDaily Bulletin. TCSC Research T: E: Market Review: Rebounding Company News:
29 April 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Rebounding Company News: In Focus: Short News SHB may merge with Vinaconex - Viettel Finance Company Foreign
More informationThe retest of the downtrend line
Millions XIN CHAO VIETNAM 06-Dec-18 Market Performance 6-Dec 1M (%) 3M (%) VN 955 3.6% -0.4% Turnover 3,869 (VNDbn) Foreign Net Buy -65 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More information15,663,410 Unmatched bid volume (shares)
Friday, September 2, 213 HSX HNX VN Index 476.9 1.83.39% HNX Index 58.99.26.44% Trade Volume (shares) 32,482,7 Trade Volume (shares) 26,288,35 Trade Value (VND bn.) 557 Trade Value (VND bn.) 163 Unmatched
More informationThe sideways trend. XIN CHAO VIETNAM 25-Jan-19. Market Performance. Fixed-Income and Commodity. VNIndex Trading Map. Mr. Phat Pham
Millions XIN CHAO VIETNAM 25-Jan-19 Market Performance 25-Jan 1M (%) 3M (%) VN 909 1.2% -0.1% Turnover 2,671 (VNDbn) Foreign Net Buy -32 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationDAILY MARKET REVIEW September 16, 2015 MARKET COMMENTARY
DAILY MARKET REVIEW September 16, 2015 MARKET COMMENTARY Markets at a Glance HSX HNX Close 564.13 76.69 1 Day Change (%) +0.15% +0.08% Volume (Shares) 74,657,307 26,467,617 Value 1,224 289 HSX/HNX-30 576.78
More informationLiquidity increases. XIN CHAO VIETNAM 25-Sep-18. Market Performance. Fixed-Income and Commodity. Corp.Earnings Forecast by KISVN. VNIndex Trading Map
Millions XIN CHAO VIETNAM 25-Sep-18 Market Performance 25-Sep 1M (%) 3M (%) VN 1,011 2.4% 2.0% Turnover 4,975 (VNDbn) Foreign Net Buy 82 (VNDbn) Source: Bloomberg-Finpro Liquidity increases Vietnam stock
More informationPHU NHUAN JEWELRY JSC
PHU NHUAN JEWELRY JSC Consumer Goods Industry Update report July 2017 Recommendation OUTPERFORM Recommendation (VND) 135,000 Market price (28/7/2017) 103,100 Expected profit 31% SHARES INFORMATION Trading
More informationIncreasing downside risk
Millions XIN CHAO VIETNAM 15-Oct-18 Increasing downside risk Market Performance 15-Oct 1M (%) 3M (%) VN 952-4.0% 4.6% Turnover 3,456 (VNDbn) Foreign Net Buy 66 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200
More informationBanking stocks lead market gains
Millions XIN CHAO VIETNAM 31-Oct-18 Market Performance 31-Oct 1M (%) 3M (%) VN 915-10.1% -4.4% Turnover 6,981 (VNDbn) Foreign Net Buy -163 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200 1,000 800 VN 1Y Movement
More informationStrong foreigner money inflow
Millions XIN CHAO VIETNAM 11-Sep-18 Market Performance 11-Sep 1M (%) 3M (%) VN 985 1.7% -5.2% Turnover 4,409 (VNDbn) Foreign Net Buy 483 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200 1,000 800 600 0 09/17
More informationThe DHG s consolidated profit before tax in the first five months of 2014 is estimated at VND269 billion.
25 June 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Continued to be a slightly rising Company News: In focus: Short News The DHG s consolidated profit before
More informationLarge-cap stocks diverge
Millions XIN CHAO VIETNAM 26-Sep-18 Market Performance 26-Sep 1M (%) 3M (%) VN 1,010 2.3% 2.7% Turnover 5,191 (VNDbn) Foreign Net Buy 30 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200 1,000 800 600 0 09/17
More informationThe caution. XIN CHAO VIETNAM 02-Jan-19. Market Performance. Fixed-Income and Commodity. VNIndex Trading Map. Mr. Phat Pham. Mr. Hieu Tran Truong Manh
Millions XIN CHAO VIETNAM 02-Jan-19 Market Performance 2-Jan 1M (%) 3M (%) VN 892-3.8% -12.3% Turnover 2,721 (VNDbn) Foreign Net Buy 145 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationHOA PHAT GROUP JOINT STOCK COMPANY
MB SECURITIES CORPORATION RESEARCH CENTER EQUITY RESEARCH HOA PHAT GROUP JOINT STOCK COMPANY Ha Noi, june 03, 2014 CONTENTS SUMMARY REPORT... 3 INCOME STATEMENT... 5 BALANCE SHEET... 6 FINANCIAL RATIOS...
More informationTHANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) Website:
THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, 72-74 Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) 3 827 0527 Website: www.tcsc.vn MONTHLY REPORT MARCH 2012 Research Department research@tcsc.vn
More informationVIC limits down. XIN CHAO VIETNAM 28-Dec-18. Market Performance. Fixed-Income and Commodity. VNIndex Trading Map. Mr. Phat Pham
Millions XIN CHAO VIETNAM 28-Dec-18 Market Performance 28-Dec 1M (%) 3M (%) VN 893-4.0% -12.2% Turnover 3,530 (VNDbn) Foreign Net Buy 392 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationTRADING IDEAS 10 AUG 2016 RESEARCH DEPARTMENT. Trading Ideas for August. Trading Ideas August 2016
RESEARCH DEPARTMENT TRADING IDEAS 10 AUG 2016 In the context of market bearing with many potential risks together with our main scenario favoring downward trend, we suggest investors to continue to wait
More informationDAILY MARKET REVIEW January 14, 2016 MARKET COMMENTARY. Mid- and small-caps fell, dragging the market down further
DAILY MARKET REVIEW January 14, 2016 MARKET COMMENTARY Markets at a Glance HSX HNX Close 553.03 75.71 1 Day Change (%) (1.31%) (1.24%) Volume (Shares) 149,697,798 45,846,842 Value 2,320 425 HSX/HNX-30
More informationPhu Nhuan Jewelry JSC
www.phs.vn HOSE - Vietnam 09.02.2018 Target price Closing price 07/02/2018 OVERWEIGHT Nguyễn Thị Thanh Hiền (+84-8) 5413-5472 hiennguyen@phs.vn Co. profile Ticker 176,000 VND 147,600 VND PNJ Charter Capital
More informationMove in a tight range
DAILY DERIVATIVE 28-Mar-19 Close Price +/- Trading Volume Unit: Points Points Contracts VN30F1904 884.0 4.0 97,998 VN30F1905 883.0-0.3 262 VN30F1906 882.8 1.9 13 VN30F1909 882.8 3.8 10 Source: Bloomberg
More informationLarge-cap stocks slide
Millions XIN CHAO VIETNAM 19-Dec-18 Market Performance 19-Dec 1M (%) 3M (%) VN 919 0.3% -7.7% Turnover 4,588 (VNDbn) Foreign Net Buy -156 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationYEARS YEARS OF DIFFERENTIATING THROUGH A NEW JOURNEY
YEARS YEARS OF DIFFERENTIATING THROUGH A NEW JOURNEY ANNUAL REPORT 2016 CONTENT 04 GENERAL INTRODUCTION 06 Company information 08 Milestones 12 Message from Chairman and CEO 14 Financial Highlights 15
More informationBSC. Binh Minh Plastic JSC. (BMP) Recommendations Target price Close price 97,000. Valuation 04/12/2017
Recommendations Target price N/A Close price 97,000 Upside N/A Market Statistics Floating Shares (million shares) 82 Market Cap (VND Bill.) 7,826 52-week highest price 116,111 10-day average volume (shares)
More informationAt conflict zone. Technical outlook: Trading strategy: Short-term. Medium-term. Support Support Resistance
DAILY DERIVATIVE 15-Mar-19 Close Price +/- Trading Volume Unit: Contracts VN30F1903 926.0-1.0 128,306 VN30F1904 925.4-1.5 702 VN30F1906 924.0 0.9 52 VN30F1909 923.7 0.2 39 Source: Bloomberg Intraday chart
More informationBluechips lead market rebound
Millions XIN CHAO VIETNAM 12-Oct-18 Market Performance 12-Oct 1M (%) 3M (%) VN 970-1.7% 8.0% Turnover 5,073 (VNDbn) Foreign Net Buy 281 (VNDbn) Source: Bloomberg-Finpro 1,400 1,200 1,000 800 VN 1Y Movement
More informationConsolidation session
DAILY DERIVATIVE 29-Mar-19 Close Price +/- Trading Volume Unit: Points Points Contracts VN30F1904 883.2-0.8 90,089 VN30F1905 881.4-1.6 260 VN30F1906.2-2.6 30 VN30F1909.0-1.8 10 Source: Bloomberg Intraday
More informationPXS is estimated profit after tax at over VND62 billion in the first 6 months. June 2014, trading deficit was $51 million. SELL Price (1.
17 July 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Slightly rising Company News: In focus: Short News PXS is estimated profit after tax at over VND62 billion
More informationTHANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) Website:
THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, 72-74 Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) 3 827 0527 Website: www.tcsc.vn MONTHLY REPORT JULY 2012 Research Department research@tcsc.vn
More informationQUOTE CHANGE % CHANGE
1 MARKET COMMENTARY World Stock Market QUOTE CHANGE % CHANGE HSX INDEX 593.96-4.52-0.76% HNX INDEX 80.29-0.72-0.89% KOSPI 2,016.19 +0.79 +0.04% NIKKEI 225 17,515.73 +225.24 +1.3% SHANGHAI 3,171.19 +5.27
More informationRevenue 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.
03 June 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Slightly rising Company News: In focus: Short News Revenue in April and May of Licogi 16 was estimated to
More informationMARKET REPORT WEEK FROM FEBRUARY 01 TO 05, ECONOMIC OVERVIEW. World News
MARKET REPORT WEEK FROM FEBRUARY 01 TO 05, 2010 www.fpts.com.vn Tran Duy Ngoc NgocTD@fpts.com.vn Nguyen Tuan TuanN@fpts.com.vn Listed Brokerage Department FPT Securities JSC Head Office Floor 2, 71 Nguyen
More informationTHANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) Website:
THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, 72-74 Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) 3 827 0527 Website: www.tcsc.vn MONTHLY REPORT MAY 2012 Research Department research@tcsc.vn
More informationTasco Joint Stock Company
29-Apr-16 29-May-16 29-Jun-16 29-Jul-16 29-Aug-16 29-Sep-16 29-Oct-16 29-Nov-16 29-Dec-16 29-Jan-17 28-Feb-17 31-Mar-17 Tasco Joint Stock Company Real Estate Segment drags down 2017 growth Flash Notes
More informationVIETNAM NATIONAL PETROLEUM GROUP (PLX - PETROLIMEX) PLX PETROLIMEX. INITIAL COMPANY REPORT April, 14 th 2017 PLX: PROFIT 2016 STRONG GROWTH
VIETNAM NATIONAL PETROLEUM GROUP (PLX - PETROLIMEX) INITIAL COMPANY REPORT April, 14 th 2017 PLX PETROLIMEX Exchange Market price (VND) Avg. volume (10d) STOCK INFORMATION (April, 14 th 2016) Market cap
More informationDAILY MARKET RECAP 10 October 2017
Market commentary VN-INDEX surged on the back of bullish large caps while HNX-INDEX retreated. VN-INDEX lost ground from the very beginning, being pushed down by the strong selling forces on some heavy-weighted
More informationBinh Duong Mineral and Construction JSC (KSB: HOSE)
Binh Duong Mineral and Construction JSC (KSB: HOSE) BUY 1Y Price Target: VND 58,500 Current price: VND 48,900 Kien Trung Nguyen, CFA kiennt@ssi.com.vn +84 4 3936 6321 ext. 510 19 May 2016 INDUSTRIALS -
More informationDaily Bulletin. TCSC Research T: E: Market Review: Continued to be Slightly Adjusting Company News:
17 June 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Continued to be Slightly Adjusting Company News: In focus: Short News Tay Ninh Rubber Company estimated 73
More informationInternational Development & Investment Corporation I.D.I (HOSE- IDI)
COMPANY UPDATE 22/12/2015 International Development & Investment Corporation I.D.I (HOSE- IDI) STRONG GROWTH THANKS TO SOARING EXPORTS TO CHINA One of Vietnam s leading Pangasius fillet processing companies,
More informationApproach 900 threshold
Millions XIN CHAO VIETNAM 08-Apr-19 Market Performance 5-Apr 1M (%) 3M (%) VN 989-0.3% 12.3% Turnover 3,885 (VNDbn) Foreign Net Buy -53 (VNDbn) Source: Bloomberg-Finpro 1,300 1,200 1,100 1,000 900 800
More informationThe VND/USD remained high in the final half of December. The SBV kept selling foreign reserves to stabilize forex market.
Tran Thi Thanh Thao Research Analyst T: +84 4 3726 2600 Thao.TranThiThanh@mbs.com.vn Tran Buu Quoc Institutional Client Services (ICS) Quoc.TranBuu@mbs.com.vn Key interest rates Rates Before Present Basic
More informationDHG reached VND272 billion of profit in first 6 months In focus: Vietnam Central Bank Net Injects VND1.331 Tln on July 17. SELL Price (1.
18 July 2014 Daily Bulletin Market Review: TCSC Research T: 84 8 3827 0527 E: research@tcsc.vn Moderately breaking Company News: DHG reached VND272 billion of profit in first 6 months In focus: Short News
More informationSAO VANG RUBBER JOINT STOCK COMPANY
MB SECURITIES CORPORATION RESEARCH CENTER EQUITY RESEARCH SAO VANG RUBBER JOINT STOCK COMPANY Ha Noi, June 26, 2014 CONTENTS SUMMARY REPORT... 3 FINANCIAL RATIOS... 5 INCOME STATEMENT... 6 BALANCE SHEET...
More informationINVESTMENT HIGHLIGHTS
COMPANY VISIT NOTE 04 Dec 2015 PHU NHUAN JEWELRY JOINT STOCK COMPANY (PNJ) INVESTMENT HIGHLIGHTS Positive growth in core businesses. Revenue from core businesses (jewelery & accessories) increased by 6.2%
More informationLICOGI 16 (LCG) 17 SEP 2014 BUY. Key metrics
Capital Insight Client Innovations LICOGI 16 (LCG) 17 SEP 2014 BUY Target BUY (VND 000)
More informationLIQUEFIED PETROLEUM GAS SECTOR SECTOR OVERVIEW
LIQUEFIED PETROLEUM GAS SECTOR SECTOR NOTE Jan 2012 Listed corporations Petrolimex Gas JSC. Petro Vietnam Southern Gas JSC. Petro Vietnam Northern Gas JSC. MT Gas JSC. An Pha S.G. Petrol JSC. PetroVietnam
More information(DRAFT) RESOLUTION OF THE GENERAL SHAREHOLDERS MEETING VINGROUP JOINT STOCK COMPANY
VINGROUP JOINT STOCK COMPANY ----------- ---------- No.: /2013/NQ-DHDCD-VINGROUP THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ----------- ---------- Hanoi, 2013 (DRAFT) RESOLUTION
More informationMONTHLY UPDATE OCTOBER 2015 Issued as at 12/11/2015
MONTHLY UPDATE OCTOBER 2015 Issued as at 12/11/2015 CONTENTS MACRO & STOCK MARKET UPDATE IN OCTOBER 2015 Macro Review Stock Market Update FUND PERFORMANCE UPDATE Vietnam Securities Investment Fund (VFMVF1)
More informationDAILY MARKET RECAP 29 August 2017
Market commentary Vietnam Stock Market plummeted as blue-chips lost value. VN-INDEX lost ground from the early morning, pushed down by the strong selling forces on some large caps, such as SAB, GAS and
More informationFPT CORPORATION. FOX Listing as Short-term Catalyst
FPT CORPORATION FOX Listing as Short-term Catalyst Equity Update I January 12, 2017 FPT Corporation (Ticker: FPT) just released his 11M2016 business results with following highlights: NOT-RATED Son Nguyen,
More informationDAILY MARKET RECAP 12 October 2017
Market commentary The Vietnam Stock Market continued the gains from yesterday thanks to cushion from some of the large-cap. The market opened with divergence within pillar stock group. 3Q2017 business
More informationPUBLIC ANNOUNCEMENT THE PAN GROUP JOINT STOCK COMPANY
PUBLIC ANNOUNCEMENT THE PAN GROUP JOINT STOCK COMPANY (Business registration certificate No.0301472704, initially registered on 31 August 2005 and amended the 12th time on 25 August 2015 by the Department
More informationDAILY MARKET RECAP 08 Aug 2017
Market commentary Vietnam Stock Markets cooled down after three-day gains to head towards the first weekly losses. VN-INDEX wobbled for the whole morning before completely giving up intraday gains to slip
More informationMargin contraction and interest expense wipe out top-line growth
Hoa Sen Group (HSG) Earnings Flash Report Date July 31, 2017 FY16 9M/F17 FY17F Current Price VND28,000 Rev y/y 2.4% 48.9% 33.6% Last Target Price VND33,800 EPS y/y 130.4% 6.5% 17.1% GPM 23.3% 17.2% 18.9%
More informationINFORMATION DISCLOSURE ON THE WEBSITES OF THE STATE SECURITIES COMMISSION AND HO CHI MINH STOCK EXCHANGE
VINGROUP JOINT STOCK COMPANY ----------- ---------- No.:352/2013/CV-TGD-VINGROUP THE SOCIALIST REPUBLIC OF VIETNAM Independence Freedom Happiness ----------- ---------- Hanoi, 11 September 2013 INFORMATION
More informationDAILY MARKET RECAP 21 August 2017
Market commentary Vietnam Stock Markets started the new week staging mixed results. VN-INDEX remained in red throughout most of the morning session, plunging to the bottom at 765.95pts (- 0.39%) before
More informationDAILY MARKET RECAP 26 September 2017
Market commentary VN-INDEX rebounded unsuccessfully despite rising efforts from large caps in the late trading day while HNX-INDEX rallied for a fifth consecutive session. In the morning, VN- INDEX slumped
More informationDAILY MARKET RECAP 20 September 2017
Market commentary Vietnam Stock Markets ended mixed as blue-chips expanded divergence. Following yesterday s downtrend, VN-INDEX lost ground from the early morning session, plunging to the bottom at 803.33pts
More informationTHANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) Website:
THANH CONG SECURITIES COMPANY Floor 3&5, Centec Tower, 72-74 Nguyen Thi Minh Khai, Dis.3, HCMC Phone : + 84 (08) 3 827 0527 Website: www.tcsc.vn MONTHLY REPORT AUGUST 2012 Research Department research@tcsc.vn
More informationTHANH THANH CERAMIC (TTC)
THANH THANH CERAMIC (TTC) Company report Building material sector 1. The local ceramic market has become oversupplied since 2007. Inventory has reached 30% total production in 2013 forcing players to operate
More informationPress Release. Press Release SAVILLS VIETNAM REPORT ON INDUSTRIAL SECTOR NATIONWIDE 1. OVERVIEW 24/09/2015
24/09/2015 SAVILLS VIETNAM REPORT ON INDUSTRIAL SECTOR NATIONWIDE 1. OVERVIEW Co.,Ltd 18 th Floor, Continental Tower 81-85 Ham Nghi Street District 1, HCMC T: +84 8 3823 9205 savills.com.vn Large-scale
More informationDAILY MARKET RECAP 7 September 2017
Market commentary Vietnam Stock Markets rallied on the back of bullish large caps. Thanks to the solid advance of some heavyweights (especially SAB, GAS and MSN), VN-INDEX surged right after the opening
More informationPHUOC HOA RUBBER JSC.,
8/18/29 8/18/21 8/18/211 8/18/212 8/18/213 8/18/214 8/18/215 8/18/216 8/18/217 PHUOC HOA RUBBER JSC., Unlock Land s Value Equity Update September 29, 217 We issue our BUY rating for Phuoc Hoa Rubber JSC.
More informationDAILY MARKET RECAP 12 Jul 2017
Market commentary Investors eased the recent cautiousness to regain confidence, thereby triggering Vietnam Stock Markets surge. Green ink completely covered the southern bourse as VN-INDEX escalated strongly
More informationThe future contracts declined as benchmark VN30 dropped at the closing. Liquidity reached 61,705 contracts, worth of USD 259mn. OI at 16,157 units.
SSI DAILY CALL October 03 2018 SUMMARY Market wrap: VN-Index gains on the rise of blue-chips MSN transaction pushes liquidity to 4 month record high Macro wrap: Update on the newly-established government
More informationIDICO INFRASTRUCTURE DEVELOPMENT INVESTMENT JSC (HTI: HOSE) BUY 1Y TP VND 20,500. Background
IDICO INFRASTRUCTURE DEVELOPMENT INVESTMENT JSC (HTI: HOSE) BUY 1Y TP VND 20,500 Minh Dinh minhdd@ssi.com.vn +84 8 3824 2897 ext. 2148 Current price (VND) 16,000 Target price (12M) 20,500 Recommendation
More informationDAILY MARKET RECAP 08 Jun 2017
Market commentary Vietnam Stock Markets took a step backwards after threeday rally as most tickers lost ground due to the excessive selling pressure. VN-INDEX dived in red throughout the entire session
More informationViet Han Investment and Production JSC (VHG: HOSE): Company Visit Note
Viet Han Investment and Production JSC (VHG: HOSE): Company Visit Note Company background: Viet Han Investment and Production JSC (VHG: HOSE) was founded in 2003 as a private company and the company was
More informationPROPOSAL OF THE BOARD OF MANAGEMENT
VINGROUP JOINT STOCK COMPANY ----------- ---------- No.: 16/2013/TTr-HDQT-VINGROUP THE SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ----------- ---------- Hanoi, 19 August 2013 PROPOSAL
More informationDAILY MARKET RECAP 29 November 2017
Market commentary: VN-INDEX broke through 950-point level, SAB rallied to ceiling price. Vietnam Stock Market charged forward in a boisterous trading day with VN-INDEX breaking through 950-pt level. The
More informationTran Thi Thanh Thao Research Analyst T: MONEY MARKET INTEREST RATES
Tran Thi Thanh Thao Research Analyst T: +84 4 3726 2600 Thao.TranThiThanh@mbs.com.vn Tran Buu Quoc Institutional Client Services (ICS) Quoc.TranBuu@mbs.com.vn Key interest rates Rates Before Present Basic
More informationDAILY MARKET RECAP 07 Jul 2017
Market commentary Vietnam Stock Markets snapped the record-hitting spree as investors confidence faltered on heavy offloading. After hovering around the reference level for the whole morning, VN-INDEX
More informationDAILY MARKET RECAP 04 Aug 2017
Market commentary Vietnam Stock Markets snapped the bearish sentiment to make a timely turnaround and closed on upswing. Amid the strong divergence among large caps, VN-INDEX failed to sustain early gains
More informationPETROLEUM INDUSTRIAL AND CIVIL CONSTRUCTION JOINT STOCK COMPANY (PXI)
Sector: Construction / Construction Materials PETROLEUM INDUSTRIAL AND CIVIL CONSTRUCTION JOINT STOCK COMPANY (PXI) OVERVIEW Potential of petroleum construction is still quite high. Annually, PetroVietnam
More information