VCSC Daily - VN-Index tumbles 2% on bank sell-off - DGC, LPB, PLX, SSI - Water Sector - DHC, LHG, TCB, VNM, VRE
  • 2022-02-14T00:00:00
  • Market Commentary

* Vinachem registers to sell DGC shares again after previous unsuccessful attempt
*  LPB preparing for capital raising through rights issues  
*  PLX announces new CEO
*  SSI signs lending agreement contract with CTG with line of credit up to VND10tn
*  Water Sector: Clean water ready for economic recovery
*   DHC: Profit margins to improve as COVID-19 disruptions ease – Update
*  LHG: Large headroom for profit growth in 2022 – Update
*  TCB: Exemplary execution in 2021 expected to repeat in 2022 – Update
*  VNM: Moderate growth intact; lack of strong re-rating catalysts – Update
*  VRE: Earnings to recover in 2022 with support from new malls – Update
*  Market wrap: VN-Index tumbles 2% on bank sell-off

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Market wrap: VN-Index tumbles 2% on bank sell-off 

The VN-Index tumbled 2% on Monday, mirroring other Asian markets as investors are carefully monitoring tensions between Russia and Ukraine as well as inflationary pressure. 

*  The banking sector was hammered as VCB (-4.4%), BID (-6.6%), CTG (-6.0%), TCB (-4.1%), MBB (-5.7%), VPB (-4.4%), ACB (-4.8%), STB (-6.9%) and TPB (-6.6%) were all among the top contributors to the day’s loss. 

*  Vingroup subsidiaries VHM (-2.0%) and VRE (-4.6%) dropped. 

*  Oil & gas tickers GAS (+4.5%) and PLX (+1.3%) were a bright spot as global oil prices hit a seven-year high. 

*  SAB (+5.2%) has advanced 9.2% over the last three trading sessions.

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