VCSC Daily - VN-Index drops 1.8% to open week - FPT, NT2, PLX, HSG, NKG, STB, VIB, HVN
  • 2022-05-23T00:00:00
  • Market Commentary

* Government issues Decree 31/2022 to support interest rates for enterprises, cooperatives & household businesses
*  Gasoline prices set fresh highs
*  FPT's 4M 2022 results: NPAT-MI surges 35% YoY thanks to robust growth across segments — BUY
*  NT2: Conservative earnings guidance for 2022, slightly higher cash dividend for 2021
*  PLX’s AGM documents: Conservative 2022 targets, 2021 cash dividend trail our expectations
*  HSG: High HRC prices weigh on FY2022 profit; stock oversold – Update
*  NKG: New capex bolsters long-term growth; stock oversold – Update
*  STB: We model for 'kitchen sink' legacy clearance in 2022 – Update
*  VIB: Faltering NOII to pick up in H2 2022 – Update
*  HVN: Larger-than-expected net loss due to high jet fuel costs - Earnings Flash
*  Market wrap: VN-Index drops 1.8% to open week
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Market wrap: VN-Index drops 1.8% to open week 

The VN-Index dropped 1.8% on Monday with liquidity on HOSE remaining low at USD575.8 mn as investors locked in profits from large-cap stocks that jumped last week, which was evidenced by the VN30 Index tumbling 2.1% with 27 of its 30 components finishing in the red.  

*  Banks suffered heavy losses, led by BID (-3.3%), VPB (-4.2%), VCB (-1.2%), CTG (-3.5%) and TCB (-2.4%). 

*  In the real estate sector, BCM (-6.4%) retreated after gaining more than 11% in the previous four trading days. Additionally, NVL (-1.8%) dropped for its third session in a row. 

*  MSN (-3.1%) fell for the second consecutive session after hitting the daily trading ceiling three straight days last week. Fellow food & beverage player VNM (-2.6%) extended its losing streak to three sessions. 

*  On the positive side, insurer BVH (+1.2%) was the day’s top contributing gainer.

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