* AST: Q4 comparable to Q3, in line with our expectations – Earnings Flash

* BID: Results exceed expectations with robust gains from FX trading, investment securities; EGM for new BOD, BOS members – Earnings Flash & EGM Note 

* BSR: Strong Q4 results despite declining oil price during Q4, 2023 results in line with our expectations - Earnings Flash

* CTG: Drop in credit costs supports earnings growth – Earnings Flash

* DHC: Q4 revenue approximate to Q3, in line with our expectations – Earnings Flash

* DIG: 2023 revenue meets forecast but NPAT-MI surpasses expectation due to profit from associates – Earnings Flash

* DPM: 2023 earnings track behind our forecast – Earnings Flash

* FRT: Larger-than-expected loss in Q4 2023 due to one-off costs – Earnings Flash

* HPG: Q4 2023 NPAT-MI improves QoQ; FY2023 results in line with forecast - Earnings Flash

* IDC: 2023 profits ahead of our expectation – Earnings Flash 

* KDH: 2023 profit trails our forecast due to lower-than-expected handovers at Classia – Earnings Flash 

* MBB: Strong credit growth; improvement in asset quality continues - Earnings Flash

* MSN: Consolidated NPAT exceeds our forecast, MHT trails - Earnings Flash

* MWG: Earnings trail but ICT margins exceed our forecasts - Earnings Flash

* NVL: 2023 turns profitable thanks to Q4 one-off gains – Earnings Flash

* POW: 2023 earnings in line with forecast; downside risk to 2024 NPAT-MI projection – Earnings Flash

* PVD: Robust 2023 NPAT-MI beats our forecast by ~40% - Earnings Flash & Analyst Meeting Note

* PVS: 2023 NPAT-MI slightly trails our forecast – Earnings Flash

* REE: 2023 earnings trail forecast; downside risk to 2024 NPAT-MI projection– Earnings Flash

* SIP: 2023 NPAT-MI beats our forecast due to other non-core income – Earnings Flash 

* STB: NIM improves; net VAMC balance remains – Earnings Flash

* TLG: Earnings disappoint due to weak revenue – Earnings Flash

* VCB: Drop in provision expenses counteracts weak NFI – Earnings Flash

* VEA: Earnings decrease 18% YoY, broadly in line with our expectations – Earnings Flash

* VHM: 2023 profit growth due to higher handovers; upbeat presales driven by bulk sales – Earnings Flash & Analyst Meeting Note

* VPB: Weaker-than-expected top line growth; bad debt metrics remain high – Earnings Flash

* VRE: Strong 2023 performance; exceeded profit forecast with higher financial & other income – Earnings Flash & Analyst Meeting Note

* DGC: Indian demand bottoming out, chip demand to strengthen - Update

* LHG: Strong profit growth in 2024; robust cash position - Update

* Market wrap: VN-Index inches up 0.3% led by real estate stocks

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Market wrap: VN-Index inches up 0.3% led by real estate stocks

The VN-Index inched up 0.3% (+3.96 pts) on Tuesday to close the trading day at 1,179.7. Real estate stocks had a strong positive impact on the market. In total, there were 266 gainers, 174 laggards, and 112 stocks that were unchanged. Total trading volume declined to USD560.8mn.  

* BCM (+5.2%) led the real estate sector while VHM (+0.5%), VIC (+0.1%), VRE (+0.4%), and KBC (+1.8%) also gained.  

* Another sector that posted a strong performance was construction and materials. VGC (+3.1%), VCG (+1.8%), and specialist power contractor PC1 (+6.8%) were among the standouts in the industry.  

* Several banks saw losses at the end of the trading day, including VCB (-0.2%), BID (-0.5%), CTG (-0.3%), and VPB (-0.3%).  

* Other strong gainers were rubber producer GVR (+2.0%), retailers MWG (+1.8%) and FRT (+4.8%), and food & beverage company MSN (+0.8%). Other notable decliners were GAS (-0.3%), dairy producer VNM (-0.2%), beer maker SAB (-1.2%), and technology firm FPT (-0.3%). 

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