VCSC Daily - Vingroup tickers bounce back, VN-Index climbs - VIC, PNJ, BID, BMP, ACB, CTG, DHC, DIG, DXG, FRT, GAS, HDB, HDG, HPG, KBC, LHG, MSN, MWG, NKG, PC1, POW, PTB, PVD, PVS, REE, STB, VCB, VNM
  • 2023-04-29T00:00:00
  • Market Commentary

* Power Sector: Retail electricity price to increase 3% on May 4

* VIC’s AGM documents guide for flat YoY NPAT of VND2tn (USD85mn) in 2023 — higher than our forecast

* PNJ: Earnings to decline on weaker middle-affluent spending – Update

* BID: Provision expenses to decrease despite higher NPLs – AGM Note

* BMP: Strong 2023 guidance driven by margin expansion – AGM Note

* ACB: Strong NPAT growth despite slowing credit demand – Earnings Flash

* CTG: Provisioning increases to clean up balance sheet – Earnings Flash

* DHC: High-cost input digested, selling price remained weak – Earnings Flash

* DIG: Investment income supports Q1 2023 earnings – Earnings Flash

* DXG: Weak property sales drag Q1 2023 results – Earnings Flash

* FRT: Long Chau’s income mostly offsets ICT loss – Earnings Flash

* GAS: Resilient earnings despite lower oil prices, gas volume – Earnings Flash

* HDB: Strong NII counteracts spike in credit costs, weak NOII – Earnings Flash

* HDG: Strong Q1 2023 earnings due to robust energy performance – Earnings Flash

* HPG: Profit turnaround driven by reversion of inventory provision – Earnings Flash

* KBC: Robust growth in IP land sales drives profit – Earnings Flash

* KDH: Classia continues to be main profit contributor – Earnings Flash

* LHG: Q1 2023 results in line with our expectations – Earnings Flash

* MSN: Higher financial expenses hurt core earnings – Earnings Flash

* MWG: Plunge in earnings; BHX’s net margin improves – Earnings Flash

* NKG: Smaller QoQ net loss amid inventory provision reversion – Earnings Flash

* PC1: Weak Q1 2023 earnings due to high interest expenses – Earnings Flash

* POW: Downside risk to our 2023 NPAT forecast – Earnings Flash

* PTB: Weak wood sales cushioned by stone exports – Earnings Flash

* PVD: Strong profit due to day rate recovery, full utilization rate – Earnings Flash

* PVS: Strong recurring NPAT-MI on income from FSO/FPSO JVs – Earnings Flash

* REE: Robust Q1 2023 results due to hydropower portfolio – Earnings Flash

* STB: Strong bounce in NIM; asset quality under control – Earnings Flash

* VCB: NPL & Group 2 ratio remains below 1% on low write-offs – Earnings Flash

* VNM: Q1 2023 gross margin tracked behind our expectations – Earnings Flash

* Market wrap: Vingroup tickers bounce back, VN-Index climbs

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Market wrap: Vingroup tickers bounce back, VN-Index climbs

On Friday, the VN-Index concluded the last session before next week’s three-day holiday by rising nine-tenths of a percent. For the week, the VN-Index gained sixth-tenths of a percent; however, it finished April down 1.5%. 

* Vingroup tickers VHM (+4.2%), VIC (+3.2%) and VRE (+2.6%) rebounded from their tumble earlier this week. 

* Banks were mixed. VPB (+2.6%), SSB (+4.4%), CTG (+1.8%) and TPB (+3.2%) were all among the day’s top contributing gainers. Meanwhile, BID (-0.9%), TCB (-1.3%), OCB (-2.5%), HDB (-1.0%), LPB (-1.4%) and EIB (-1.0%) dropped. 

* Port operator GMD (-2.4%) declined for the first time in three days.

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