VCSC Daily - VN-Index inches down, trading turnover slides - FDI - GDT, REE, VPB, PPC, ACB, BMP, REE, VRE, BMI, LPB, PVS
  • 2022-04-28T00:00:00
  • Market Commentary

* FDI disbursement hits record high despite decline in registered FDI
*  Power sector: Electricity consumption growth continues to increase, CGM price jumps
*  GDT acquires wooden furniture manufacturer — BUY
*  REE announces stock dividend payment for FY2021
*  VPB receives another USD600mn offshore syndicated facility with arrangement of SMBC
*  PPC: Operation of Pha Lai 2s S6 generator delayed further – Update
*  ACB: ACB first to see major reversal of provisions from 2021 - Earnings Flash
*  BMP: Strong earnings growth in Q1 amid margin expansion - Earnings Flash
*  REE: Robust Q1 2022 results due to hydropower portfolio - Earnings Flash
*  VRE: Q1 2022 continues to recover QoQ in line with our expectation - Earnings Flash
*  BMI: Management guides for combined ratio improvement - AGM Note
*  LPB: LPB plans for busy year of primary equity issuance - AGM Note
*  PVS: Transitioning into offshore wind power projects - AGM Note
*  Market wrap: VN-Index inches down, trading turnover slides

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Market wrap: VN-Index inches down, trading turnover slides 

The VN-Index edged down two tenths of a percent on Thursday with trading turnover on HOSE sliding to USD579.77mn as investor sentiment continued to remain cautious. 

*  GAS (-3.0%) snapped a two-day winning streak and was the top contributor to the day’s loss.

*  Food & beverage players MSN (-2.1%) and SAB (-2.4%) dropped. 

*  Banks were mixed as BID (-1.3%) and TPB (-3.4%) fell while TCB (+1.7%) and VPB (+1.5%) increased.

*  Industrial real estate developer BCM (+6.1%) was the day’s leading contributing gainer and has climbed in four out of the last five trading sessions. 

*  REE (+6.9%) soared to the daily trading ceiling after announcing impressive Q1 2022 earnings results.

*  Fertilizer manufacturers DPM (+2.9%) and DCM (+3.5%) continued their up-and-down week.

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