* VIC: Vinpearl issues total of USD150mn worth of international exchangeable bonds (EB), proposes to repurchase up to USD350mn of USD425mn 3.25% EBs due 2026
* BVH: Life premium market share expands; profit tracks in line with our expectation - Earnings Flash
* CTG: Strong NII outweighs remaining high credit costs – Earnings Flash
* DGW: Earnings slightly trail our forecast due to higher-than-expected net financial expense - Earnings Flash
* DPM: Higher revenue, stable expenses to drive bottom line earnings slightly ahead of our expectations – Earnings Flash
* FRT: NPAT-MI remains positive in Q2 2024, tracks ahead of forecast - Earnings Flash
* GAS: Strong FO price supports profit despite low sales volume, slight upside– Earnings Flash
* GMD: Q2 core business continues strong performance on solid throughput recovery - Earnings Flash
* GVR: Rubber & wood recovery leads H1 profit growth – Earnings Flash
* HDG: Q2 strong office leasing & hotel performance to offset weak hydropower output, in line with our forecast – Earnings Flash
* KBC: Profit decline in H1 due to YoY lower IP land handovers - Earnings Flash
* PC1: Robust revenue but lower-than-expected power-related construction margin, slight downside risk  – Earnings Flash
* PLX: Strong Q2 results despite unfavorable oil price in Q2; upside potential evident; new decree expected late this year - Earnings Flash
* PVD: H1 2024 recurring NPAT-MI surges 51% YoY, slightly trails expectation due to losses from associate companies – Earnings Flash & AM note
* REE: Weaker-than-expected hydro and thermal power results weigh on earnings; 48MW wind power acquisition – Earnings Flash
* VCB: Weak NOII; reversal of provision expenses for interbank loans saves bottom line - Earnings Flash
* VEA: H1 earnings grow 2% YoY on solid Honda profits - Earnings Flash
* VJC: Transportation business continues recovering - Earnings Flash
* VTP: Declining earnings from lower service GPM – Earnings Flash
* Market wrap: VN-Index advances 0.5%

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Market wrap: VN-Index advances 0.5%

The VN-Index advanced 0.5% (+6.5 pts) on Wednesday to close the trading day at 1,251.5. The banks sector led the market’s upward trajectory, with seven bank stocks among the top-ten tickers positively influencing the index. Throughout the index, there were 206 gainers, 224 laggards, and 68 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD697.0mn.

* The previously mentioned banks stock lifting the index were VCB (+1.9%), BID (+1.7%), VPB (+2.4%), HDB (+3.95%), TCB (+1.3%), ACB (+1.7%), and VIB (+2.9%). MBB (-0.4%), LPB (-1.2%), and SSB (-0.5%) declined and CTG (0.0%) was unchanged.  

* The basic materials sector had the most negative effect on the index. HPG (-2.5%), GVR (-0.8%), HSG (-4.8%), DCM (-1.6%) were the top laggards in this sector.  

* In real estate, VIC (+0.2%) and KDH (+0.7%) gained, NVL (+3.95%) surged, BCM (-0.4%) and VRE (-0.8%) declined, and VHM (0.0%) was unchanged.  

* Leading stocks from other sectors were milk producer VNM (+5.8%), utility company GAS (+3.5%), retailer MWG (+1.3%), beer maker SAB (+1.1%), technology company FPT (+0.5%), and insurance company BVH (+1.4%).

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