VCSC Dailly - VN-Index rebounds on bottom fishing - NLG, PVT, SCS, FPT, GAS, HDG, VRE
  • 2022-05-10T00:00:00
  • Market Commentary

* NLG: May 25 record date for VND558.7/share of remaining FY2021 cash dividend
*  PVT’s AGM documents: Conservative targets, ambitious capex plan for 2022 — as expected
*  SCS: May 20 record date for FY2021 cash dividend of VND3,000/share
*  Macro Update: COVID-19 cases plummet, supporting economic recovery 
*  FPT: Strong double-digit growth outlook continues - Update
*  GAS: Robust 2022F recovery; LNG to drive long-term growth - Update
*  HDG: Awaiting Charm Villas' sales launch, substantial handovers - Update
*  VRE: Strong earnings growth guidance for 2022 - AGM Note
*  Market wrap: VN-Index rebounds on bottom fishing


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Market wrap: VN-Index rebounds on bottom fishing 

The VN-Index appeared to be heading toward a third straight negative session on Tuesday, but bottom-fishing demand in the final hour of trading helped the index to ultimately close up by 1.9%. 

*  Banks rebounded from Monday’s slide, led by VCB (+2.7%), BID (+3.9%), VPB (+4.7%), and MBB (+3.2%). 

*  VHM (+2.8%) and its parent company VIC (+1.6%) both ended two-session losing streaks. 

*  GAS (+3.0%) has increased in four out of the last five trading sessions. 

*  Industrial real estate developer BCM (+6.9%) bounced back after dropping 12.9% over the previous two sessions. 

*  On the negative side, fertilizer manufacturers DPM (-6.9%) and DCM (-6.9%) plunged to the daily trading floor.

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