VCSC Daily - VN-Index edges down as VIC tumbles at end of session - ACV, BID, CII, CTG, GAS, GMD, GVR, HDB, HDG, HPG, HSG, KDH, LHG, MBB, MSN, MWG, NVL, PC1, POW, PVD, PVT, VEA, VIC
  • 2022-07-30T00:00:00
  • Market Commentary

* ACV: Upbeat profits in Q2 2022 beat our expectation – Earnings Flash
* BID: NPL ratio & provision expenses tumble; FX trading excels – Earnings Flash
* CII: Q2 profits driven by high-margin real estate recognition – Earnings Flash
* CTG: NIM up QoQ but remains depressed on support packages - Earnings Flash
* GAS: Record-high Q2 profit from strong gas prices – Earnings Flash
* GMD: Upbeat core business results in Q2 beat our forecasts – Earnings Flash
* GVR: Solid profit growth in H1 2022 – Earnings Flash
* HDB: Strong top-line performance beats our forecast – Earnings Flash
* HDG: Strong Q2 2022 thanks to real estate handovers – Earnings Flash
* HPG: Q2 2022 earnings decrease from Q2 2021’s high base – Earnings Flash
* HSG: Q2 earnings plunge YoY, but gross margin improves QoQ – Earnings Flash
* KDH: Strong H1 2022 profit growth; Classia to launch sales in H2 – Earnings Flash
* LHG: Upbeat cash inflows; profits trail our forecasts on margins – Earnings Flash
* MBB: Strong earnings growth on higher NIM, lower credit cost – Earnings Flash
* MSN: Profitability improves, but consumer business slows - Earnings Flash
* MWG: TGDD & DMX slow; BHX sales per store increase – Earnings Flash
* NVL: Higher financial income supports YoY flat profit in H1 2022 – Earnings Flash
* PC1: Forex loss outweighs stellar power generation results – Earnings Flash
* POW: Weak Q2 2022 results due to Vung Ang & Ca Mau plants – Earnings Flash
* PVD: Another quarterly loss due to weak day rate recovery – Earning Flash
* PVT: Muted Q2 2022 profit still within expectation – Earnings Flash
* VEA: Supply disruption impacts growth of associates – Earnings Flash
* VIC: Recovery of core businesses, divestment gains in H1 – Earnings Flash
* Market wrap: VN-Index edges down as VIC tumbles at end of session

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Market wrap: VN-Index edges down as VIC tumbles at end of session

Despite spending the majority of Friday’s session in positive territory, a sharp selloff of VIC at the end of the session caused the VN-Index to close down by a tenth of a percent. The VN-Index gained 1.0% for the week. In addition, the VN-Index concluded July up seven-tenths of a percent, snapping a three-month losing streak. 

* VIC (-4.5%) was the top contributor to the day’s loss. Conversely, Vingroup subsidiary VHM (+1.9%) climbed for the second day in a row and was the leading contributor among gainers. 

* Brewer SAB (+4.0%) jumped and finished the week up 8.4%. Meanwhile, fellow food & beverage manufacturer MSN (-3.5%) declined. 

* Several banks advanced, including BID (+2.2%), TCB (+1.6%) and VPB (+1.1%). However, VCB (-0.8%), CTG (-1.4%) and TPB (-2.2%) were among the day’s top contributing laggards. 

* Chemical manufacturer DGC (-7.0%) plummeted to the daily trading floor and hit a 10-week low.

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