Vietcap Daily - VIC drops, VN-Index edges down - FPT, HPG, VRE
  • 2023-08-15T00:00:00
  • Market Commentary

* FPT's 7M 2023: Double-digit earnings growth continues — BUY

* HPG: 2023F profit to drop; valuation fully captures 2024F recovery - Update

* VRE: Retail leasing to remain resilient in H2 2023 - Update

* Market wrap: VIC drops, VN-Index edges down

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Market wrap: VIC drops, VN-Index edges down

On Tuesday, the VN-Index edged down by two-tenths of a percent, which was primarily driven by VIC dropping as investors were cautious ahead of VinFast’s listing debut on Nasdaq in the US. 

* VIC (-3.5%) was the top contributor to the day’s loss. Conversely, its subsidiaries VRE (+3.3%) and VHM (+0.8%) were the day’s top two contributing gainers. 

* Most bank tickers were down, led by BID (-1.3%), ACB (-0.9%), STB (-1.2%), SSB (-0.8%) and MSB (-2.1%). 

* Real estate developer NVL (-2.3%) pulled back after increasing 6.8% over the previous three trading days. 

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