Vietcap Daily - VN-Index dips 0.4% on Monday - CTG, HPG, PLX, QTP, SIP, STB, VTP, SZC

* Banking: Credit growth continues improving in March; proposing to extend Circular 02 regarding restructured loans until end 2024
* CTG’s AGM documents: Stable stock dividend policy; profitability to improve in 2024-2029
* HPG: March 2024 sales posts strong YoY growth from low base
* PLX’s 2024 AGM documents: Conservative guidance with recurring 2024 PBT decrease of 12% YoY; 2023 cash dividend raised to VND1,500/share
* QTP’s 2024 AGM Documents: Conservative guidance with 14% YoY decrease in 2024 PBT
* SIP’s AGM documents guide for 24% YoY decline in 2024G PAT guidance & proposed FY2024 dividend of at least 10% on par value
* STB’s 2024 AGM document highlights: Conservative guidance for 2024F
* VTP’s 2024 AGM documents guide for NPAT decreasing 3% YoY
* SZC: Guidance for single-digit NPAT growth in 2024G; new anchor tenants to drive IP land demand - AGM Note
* Market wrap: VN-Index dips 0.4% on Monday

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Market wrap: VN-Index dips 0.4% on Monday

On Monday, the VN-Index dipped 0.4% (-4.4 pts) to close the trading day at 1,250.4. This is the fourth consecutive trading day that the index has declined. In total, there were 112 gainers, 355 laggards, and 81 stocks that were unchanged. Total trading volume decreased to USD817.1mn.

* The banks sector had a mixed performance, as VCB (0.0%), ACB (0.0%), and VIB (0.0%) were unchanged, VPB (-0.3%) and STB (-2.03%) declined, and BID (+1.2%), CTG (+0.9%), HDB (+2.4%), TCB (+0.7%), and MBB (+0.6%) were among the ten stocks most positively affecting the index.

* In real estate, VHM (+0.1%) was the only large-cap gainer. VIC (-0.2%) posted a marginal loss, NVL (-1.1%) and KDH (-1.8%) fell, and VRE (-4.5%) plunged.

* In food & beverage, conglomerate MSN (0.0%) was unchanged while milk producer VNM (-1.3%) and beer brewer SAB (-1.4%) dropped. Consumer foods producer KDC (+1.6%) had a strong gain.

* Other notable laggards were GAS (-1.4%), technology company FPT (-0.97%), retailers MWG (-1.96%) and FRT (-3.5%), and chemical company DGC (-3.1%). Steel maker HPG (+0.5%), rubber producer GVR (+0.6%), and airline HVN (+1.3%) were bright spots in the market.