VCSC Daily - Real estate, bank stocks lift VN-Index to six-week high - PMI - IDC, HT1, QNS
  • 2023-04-03T00:00:00
  • Market Commentary

* PMI reading returns to ‘contraction territory’ in March

* SBV reduces policy interest rates

* IDC releases 2022 parent company audited results; NPAT-MI revised down by 21% due to change of revenue recognition for Phu My 2 & expansion IPs from one-off to allocation

* IDC’s AGM Documents: Conservative 2023 NPAT-MI guidance, higher-than-expected dividend distribution

* HT1: Modest earnings growth in 2023F; demanding valuation – Update

* QNS: Conservative 2023 guidance amid positive 2M 2023 results – AGM Note

* Market wrap: Real estate, bank stocks lift VN-Index to six-week high

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Market wrap: Real estate, bank stocks lift VN-Index to six-week high

The VN-Index jumped 1.4% on Monday to hit a six-week high of 1,079.28 and finish higher for the 10th straight session as trading turnover on HOSE surged to USD604.3mn. 

* VIC (+5.4%) and its subsidiary VHM (+2.1%) were among the day’s top contributing gainers. Several other players in the real estate sector increased, including KDH (+6.2%), NLG (+6.9%), DIG (+6.7%) and DXG (+6.8%). 

* Bank stocks were strong, led by VCB (+1.5%), CTG (+2.6%), TCB (+3.3%), MBB (+2.5%) and SHB (+4.2%). 

* Food & beverage manufacturers SAB (-2.0%) and MSN (-1.3%) declined.

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