VCSC Daily - VN-Index drops, snapping four-session winning streak - HPG, ACV, BVH, CTD, DIG, DXG, DXS, GEG, GEX, GMD, HDG, HSG, NVL, PC1, PLX, POW, PTB, SSI, VEA, VIC, VTP, DGW
  • 2021-11-02T00:00:00
  • Market Commentary

* Manufacturing PMI rebounds above 50.0 no-change mark thanks to reduced COVID-19 restrictions
*  HPG: Resilient steel sales volume, selling prices drive stellar Q3 2021 earnings
*  ACV: Net loss in Q3 on record low number of flights - Earnings Flash
*  BVH: Lower combined ratio improves underwriting result - Earnings Flash
*  CTD: Net loss amid COVID-19 disruption to construction work - Earnings Flash
*  DIG: Handovers of pre-sold units support Q3 earnings - Earnings Flash
*  DXG: Modest Q3 earnings due to weak brokerage services - Earnings Flash
*  DXS: Severe COVID-19 outbreaks dampen Q3 earnings - Earnings Flash
*  GEG: Low season for solar power - in line with expectations - Earnings Flash
*  GEX: Strong industrial park segment drives Q3 earnings - Earnings Flash
*  GMD: Solid growth in Q3 thanks to port segment, affiliates - Earnings Flash
*  HDG: Expect further Charm Villas revenue recognition in Q4 - Earnings Flash
*  HSG: High HRC prices drive solid Q4 FY21; margins fall QoQ - Earnings Flash
*  NVL: Aqua City, hospitality project deliveries ramp up in Q3 - Earnings Flash
*  PC1: All three wind farms come online before tariff deadline - Earnings Flash
*  PLX: Weak petroleum demand dampens Q3 2021 profit - Earnings Flash
*  POW: Q3 earnings jump on higher gas-fired contracted volume - Earnings Flash
*  PTB: Results trail expectations as COVID-19 hurts wood business - Earnings Flash
*  SSI: Brokerage, margin lending rocket higher with turnover - Earnings Flash
*  VEA: Q3 earnings fall amid weak vehicle sales results in line - Earnings Flash
*  VIC: Resilient property performance, higher car sales in Q3 - Earnings Flash
*  VTP: COVID-19 hurts earnings despite market share gains - Earnings Flash
*  DGW: Managements targets imply upside to our forecasts - Analyst Meeting Note
*   Market wrap: VN-Index drops, snapping four-session winning streak
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Market wrap: VN-Index drops, snapping four-session winning streak 

On Monday, the VN-Index snapped a four-session winning streak, dropping four tenths of a percent as investors locked in profits following the market’s recent uptrend. Moreover, trading value on HOSE surged to a 10-week high of USD1.47bn.

* MSN (-3.6%) was the top contributor to the day’s loss.

* Steelmaker HPG (-2.4%) fell for the second straight session.

* GAS (-2.6%) experienced its largest single-day drop since October 7.

* Banks were mixed. CTG (+2.2%), SHB (+3.6%) and EIB (+3.6%) were among the day’s top contributing gainers, while VCB (-1.0%), VPB (-1.3%) and TPB (-3.2%) decreased.

* Securities brokerages VCI (+6.1%), VND (+3.7%) and SSI (+2.2%) recorded significant gains.

* In the real estate sector, DIG (+6.9%) has skyrocketed 32% over the past five trading sessions. Meanwhile, both VHM (-1.4%) and PDR (-3.0%) declined.

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