VCSC Daily - VN-Index drops to 14-month low - BMI, BWE, VEA, BSR, DHC, GMD, HDB, KDH, NLG, PNJ, STK, TLG, VHC
  • 2022-05-16T00:00:00
  • Market Commentary

* BMI: May 31 record date for FY2021 cash dividend
*  BWE: Cheap funding bolsters long-term expansion
*  VEA: Vehicle demand remained strong in April, but supply chain disruptions exceeded our expectations — especially regarding motorbike supply
*  BSR: Looking forward to strong spreads continuing in Q2 2022 - Update
*  DHC: Profit margins to improve as COVID-19 disruptions ease – Update
*  GMD: Gemalink Phase 2 to be key profit driver from 2023F – Update
*  HDB: Positive outlook on NIM with potential cheap funding flows - Update
*  KDH: Solid outlook for new project launches in 2022 – Update
*  NLG: Solid financial position to support development pipeline – Update
*  PNJ: Competitive advantages underpin solid growth outlook - Update
*  STK: Bright outlook for recycled yarn remains intact - Update
*   TLG: 2022F sales & EBIT margin rebound give attractive valuation – Update
*  VHC: Robust demand, tight supply send earnings to new highs – Update
*  Market wrap: VN-Index drops to 14-month low  

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Market wrap: VN-Index drops to 14-month low 

On Monday, the VN-Index dropped by ninth tenths of a percent to close at a 14-month low of 1,171.95 as strong selling pressure hit large-cap stocks during the afternoon session. 

*  VHM (-3.2%) extended its losing streak to three sessions and was the top contributor to the day’s loss while its parent company VIC (-1.3%) also declined. On the other hand, Vingroup subsidiary VRE (+3.7%) increased. 

*  GAS (-5.0%) has tumbled nearly 13% over the last three sessions. Meanwhile, petroleum distributor PLX (+4.7%) gained after dropping 12.5% over the previous three trading days. 

*  MSN (-6.9%) and BCM (-7.0%) both slid to the daily trading floor. 

*  Banks were mixed for the day. VCB (+1.6%), CTG (+2.7%), BID (+1.3%), MBB (+2.1%) and TPB (+3.3%) were among the day’s top contributing gainers. Conversely, TCB (-3.5%), STB (-6.8%) and SHB (-5.1%) decreased.

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