VCSC Daily - MWG jumps, but VN-Index falls for third straight session - NLG, VEA, VHM, VRE, BMP, MWG
  • 2023-04-10T00:00:00
  • Market Commentary

* Water Sector: Preliminary Q1 2023 results of BWE & TDM in line with our forecasts

* NLG: AGM documents guide for 5% 2023 NPAT-MI growth — 15% lower than our forecast; downward adjustment for FY2022 dividend plan

* VEA on warning list effective April 11 due to qualified audited financial statements in three consecutive years

* VHM’s AGM documents guide for 3% YoY NPAT growth; no dividend proposed for 2022

* VRE’s AGM documents guide for upbeat 2023 NPAT growth — surpassing our forecast

* BMP: Weak near-term earnings outlook, high dividend yield – Update

* MWG: Introducing BHX’s new leader and tactics in 2023 – AGM Note

* Market wrap: MWG jumps, but VN-Index falls for third straight session

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Market wrap: MWG jumps, but VN-Index falls for third straight session

After a strong Monday morning, profit-taking pressure hit the VN-Index in the afternoon and caused the index to close down by fell four-tenths of a percent, marking its third straight negative session. 

* Banks BID (-2.1%) and VCB (-1.1%) were the top two contributors to the day’s loss. Meanwhile, TCB (+2.2%), SHB (+3.4%) and HDB (+1.3%) advanced. 

* VIC (-1.1%) fell for the fifth consecutive session. In addition, Vingroup subsidiary VHM (-1.8%) dropped for the third session in a row. 

* In the energy sector, GAS (-1.7%) dropped while POW (+2.3%) increased. 

* MWG (+5.1%) finished higher for the first time in three trading days and was the day’s top contributing gainer. 

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