VCSC Daily - Hot bank stocks not enough to lift VN-Index into positive territory - MWG, PNJ, VIB, CTR, GEX, PHR, PLX, POW, TLG

* MWG: TGDD and DMX post stellar October results thanks to MWG’s strong execution, easing social distancing restrictions – BUY
* PNJ – Retail sales resume growth in October 2021; results in line
* VIB’s shareholders approve capital raising plan through rights issue
* CTR: On track to become Vietnam's No.1 towerco by YE2021 – Update
* GEX: Expecting strong earnings growth; valuation expensive – Update
* PHR: Major project VSIP III to be realized in 2022F – Update
* PLX: Demand recovery to fuel strong 2022F earnings growth - Update
* POW: Vung Ang technical issue hinders 2022F EPS recovery – Update
* TLG: Sales rebound, resilient margins to drive 2022F earnings - Update
* Market wrap: Hot bank stocks not enough to lift VN-Index into positive territory

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Market wrap: Hot bank stocks not enough to lift VN-Index into positive territory

The VN-Index declined three tenths of a percent on Monday as investors offloaded shares of property stocks that have been on recent hot streaks in order to secure profits.

* GVR (-5.6%) was the top contributor to the day’s loss and has fallen in six out of the past seven trading sessions.

* GAS (-3.7%) and PLX (-5.9%) slumped following the decline of global oil prices.

* GEX (-7.0%) and DIG (-7.0%) plummeted to the daily trading floor following their recent hot streaks.

* Real estate players BCM (-5.4%), KBC (-7.0%) and KDH (-6.3%) dropped.

* On the positive side, the banking sector surged — led by CTG (+5.2%), VCB (+1.7%), BID (+2.6%), VIB (+2.6%), HDB (+6.9%), TPB (+6.9%), MBB (+3.2%) and TCB (+1.5%) — as investors are hopeful that the recent increase of credit growth caps will help to bolster the performance of banks.