Vietcap Daily - VN-index edges up 0.4% - ACV, AST, BID, DCM, IDC, PHR, PNJ, PVT, TCH

* Macro economy continues recovery trend
* ACV: Earnings surge YoY, bad debt provisions cool down - Earnings Flash
* AST: Recovery of foreign arrivals continues supporting earnings - Earnings Flash
* BID: NIM improves QoQ; robust NOII – Earnings Flash
* DCM: Financial gain from M&A to boost earnings, core NPAT-MI in line with our expectation - Earnings Flash
* IDC: Strong profit growth in H1 due to YoY increases in IP & UA land handovers – Earnings Flash
* PHR: Profit declines in H1 due to minimal income from land compensation and rubber tree liquidation – Earnings Flash
* PNJ: H1 2024 NPAT increases 7% YoY on robust retail sales growth - Earnings Flash
* PVT: One-off loss weighs on reported earnings, H1 2024 recurring NPAT-MI surges 48% YoY, in line with expectations - Earnings Flash
* TCH: Capitalizing on large land bank in Hai Phong - Visit Note
* Market wrap: VN-index edges up 0.4%

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Market wrap: VN-index edges up 0.4%

The VN-Index gained 0.4% (+4.5 pts) on Monday to open the week at 1,246.6. The market was lifted by large-cap stocks originating from a variety of sectors. Throughout the index, there were 244 gainers, 168 laggards, and 94 stocks that were unchanged. Total trading volume edged up compared to the previous trading day to USD450.9mn.

* In the banks sector, BID (+1.8%) had the most positive effect on the index while LPB (+1.4%) and HDB (+0.6%) also had strong performances. VCB (0.0%), TCB (0.0%), VPB (0.0%), and STB (0.0%) were unchanged and MBB (-0.8%) was the only large-cap bank to see a decline.

* In real estate, VHM (-1.7%), VRE (-1.8%), and PDR (-1.5%) plunged. BCM (+1.1%) and KDH (+0.6%) gained and VIC (0.0%) was unchanged.

* Stocks from other sectors that helped advance the index were airline HVN (+6.9%), milk producer VNM (+2.1%), steel maker HPG (+1.6%), rubber producer GVR (+1.2%), retailer MWG (+1.6%), and technology company FPT (+0.8%).

* Some of the decliners negatively affecting the index from other sectors were construction & materials VGC (-3.99%), airline VJC (-1.5%), utility company GAS (-0.3%), fruit and rubber planter HNG (-6.9%), and logistics company TMS (-2.6%).