• GAS’s AGM documents: Conservative 2022 guidance, as expected; cash dividend targets trail our forecast 

• HDG: 2022 guidance slightly lower than our expectation; strong five-year profit guidance 

• HT1: Annual report guides for 2022 modest profit before tax growth, trailing our forecast 

• SCS’s AGM documents: Conservative guidance for 2022; proposed FY2021 cash dividend of VND3,000/share, 85% bonus share issuance 

• STK to pay full FY2021 cash dividend of VND1,500/share (yield of 2.6%) 

• TLG: AGM documents guide for flat YoY 2022 NPAT-MI, trailing our forecast

• VCB: 2022 PBT growth set for at least 12%; planning to pay 18.1% stock dividend on par 

• CTR: Telecom-related segments and construction boost PBT - Earnings Flash

• Market wrap: VN-Index plunges for third straight session 

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Market wrap: VN-Index plunges for third straight session 

On Tuesday, the VN-Index plunged 1.8%, marking its third straight session of dropping more than 1% as investors remained worried about recent improprieties in the market. 

* VHM (-2.8%) was the top contributor to the day’s loss as it slumped to a 52-week low. Fellow real estate players GVR (-5.3%) and DIG (-6.9%) also dropped. 

* Banks were down across the board, led by BID (-3.5%), CTG (-3.3%), MBB (-2.9%), TPB (-5.3%) and TCB (-1.7%). 

* Steelmaker HPG (-2.8%) fell for its third consecutive session. 

* On the positive side, MWG (+1.8%) and MSN (+1.3%) were the day’s top two contributing gainers. In addition, VHC (+6.9%) surged to an all-time high.

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