VCSC Daily - Stocks jump in return from Tet Holiday - HPG, POW, DXG, KBC, NVL, PC1, POW, SSI, VIC
  • 2022-02-08T00:00:00
  • Market Commentary

* Economic data improved slightly in January
*  HPG: Q4 2021 earnings jump YoY but decline 28% QoQ
*  POW: Ca Mau revised PPA completion helps re-rating – Update
*   DXG: Strong handover results boost stellar 2021 earnings growth - Earnings Flash
*  KBC: Solid profit growth in 2021 but below our expectation - Earnings Flash
*  NVL: Strong YoY handovers but earnings below our expectation - Earnings Flash
*  PC1: Potential upside from recent industrial park investment - Earnings Flash
*  POW: Loss in Q4 2021 due to Vung Ang technical issue - Earnings Flash
*  SSI: Commission rate stable; brokerage revenue surges - Earnings Flash
*  VIC: Large one-off expenses in Q4 drag 2021 net loss - Earnings Flash
*  Market wrap: Stocks jump in return from Tet Holiday

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Market wrap: Stocks jump in return from Tet Holiday 

The VN-Index had a robust return from the long Tet break, gaining 1.3% on Monday with strong performances from the energy and aviation sectors.

* VCB (+3.8%) snapped a three-session losing streak and was the top contributor to the day’s gain. On the other hand, fellow banks CTG (-1.6%), BID (-1.1%) and EIB (-4.0%) were among the day’s top contributing laggards.

* In the energy sector, GAS (+5.2%), PLX (+4.6%) and POW (+6.2%) recorded strong gains.

* VHM (+2.4%) advanced, but its parent company VIC (-6.0%) plunged.

* Airlines VJC (+7.0%) and HVN (+7.0%) both soared to the daily trading ceiling on the potential of Vietnam opening up to international tourism in the near future.

* Real estate developer DIG (-7.0%) plummeted to the trading floor for its third consecutive session.

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