Vietcap Daily -Bank stocks lead VN-Index to 1.3% gain - BWE, BMP, DHC, REE, TPB
  • 2023-08-07T00:00:00
  • Market Commentary

* Energy Sector: Saudi Arabia and Russia extend production cuts to September, supporting oil prices
* BWE’s Q2 2023 Analyst Meeting: Management has bright outlook for water business in Long An Province
* Vietnam Macro Update: Production improve in July
* BMP: Record 2023F profit priced in; attractive dividend yield – Update
* DHC: Price spread to recover in 2024; GL3 to drive long-term growth – Update  
* REE: Earnings growth to resume in 2024F – Update
* TPB: High NPL formation erodes provisioning buffer - Update
* Market wrap: Bank stocks lead VN-Index to 1.3% gain

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Market wrap: Bank stocks lead VN-Index to 1.3% gain  

On Monday, the VN-Index continued its positive momentum from last Friday’s session, increasing by 1.3% as bank stocks surged and trading turnover on HOSE soared to USD1.1bn. 

* Nearly all banking tickers finished higher, led by CTG (+5.2%), VCB (+0.8%), SSB (+4.3%), VPB (+2.0%), TCB (+2.2%), LPB (+7.0%) and BID (+0.9%). ACB (-2.7%) was the lone exception and was the day’s top contributing laggard. 

* VIC (+2.7%) is up 9.7% over the last two trading days. 

* Food & beverage manufacturers VNM (+2.6%) and MSN (+2.2%) advanced.

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