VCSC Daily - VN-Index rebounds from Monday’s drop, led by VHM - GDP

* Q1 2022 GDP growth hits three-year high, inflation remains under control
* In worst case for FLC exposure at BID and STB, we see our target prices for these banks decreasing by 0.2% and 3.7%, respectively
* NVL’s AGM documents: 2022 NPAT guidance of VND6.5tn (USD283mn) — up 88% YoY and 9% higher than our forecast
* PLX holds EGM, appoints new BOD and BOS members
* PNJ: AGM documents guide for strong top and bottom-line growth in 2022
* Macro Thought Piece: Dong facing increasing depreciation pressure in 2022
* DGC: More potential expansion and M&A projects planned - AGM Note
* SZC: Conservative five-year business guidance - AGM Note
* Market wrap: VN-Index rebounds from Monday’s drop, led by VHM

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Market wrap: VN-Index rebounds from Monday’s drop, led by VHM

The VN-Index closed up by 1% on Tuesday, rebounding from its Monday sell-off as investors focused their buying efforts on large-cap stocks.

* VHM (+2.1%) was the top contributor to the day’s gain.

* FPT (+6.9%) surged to the daily ceiling as its trading volume surged to more than eight million shares.

* VNM (+2.9%) snapped a five-session losing streak.

* Banks BID (+1.9%) and MBB (+1.6%) gained. On the other hand, VCB (-0.6%) and SSB (-3.0%) were among the day’s top contributing laggards.

* MSN (-1.1%) fell for its fifth straight session.

* FLC (-6.9%) continued to be sold off and is down 13.4% over the last two days.