VCSC Daily - Late rally not enough to pull VN-Index into positive territory - GDT, HT1, NLG, PHR, PNJ, PPC, STK, TCB, VHC, VPB
  • 2022-10-21T00:00:00
  • Market Commentary

*  GDT: Steepest fall among covered light industry exporters - Earnings Flash
*  HT1: Weak Q3 results due to GPM compression, high expenses - Earnings Flash
*  NLG: Weak Q3 profit result; SG&A expenses higher than our forecast - Earnings Flash
*  PHR: No Q3 compensation income; IP revenue ahead of forecast - Earnings Flash
*  PNJ: Stellar growth from low bases across key segments - Earnings Flash
*  PPC: Better-than-expected 9M 2022 NPAT-MI thanks to low maintenance costs - Earnings Flash
*  STK: Weak demand, FX losses continue to hurt earnings - Earnings Flash
*  TCB: Corporate bond balance continues to decline - Earnings Flash
*  VHC: Earnings uplift from robust pangasius demand - Earnings Flash
*  VPB: Results in line with our expectation; FEC picks up - Earnings Flash
*  Market wrap: Late rally not enough to pull VN-Index into positive territory
 

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Market wrap: Late rally not enough to pull VN-Index into positive territory 

After being down as much as 1.1% on Thursday afternoon, the VN-Index rallied in the final 30 minutes of trading to close down by just a tenth of a percent. Nevertheless, investor sentiment remained cautious with trading turnover on HOSE of just USD341.8mn. 

* TCB (-2.4%) was the top contributor to the day’s loss. Fellow banks MBB (-2.0%) and VIB (-2.2%) also fell. Meanwhile, VCB (+1.9%) and ACB (+1.2%) advanced. 

* Steelmaker HPG (-1.6%) has dropped 7.2% over the last five trading sessions. 

* GVR (-2.1%) declined for the second day in a row. 

* FPT (+3.0%) climbed to a two-week high.

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