- 2023-07-21T00:00:00
- Market Commentary
* DIG’s AGM: Aggressive 2023 PBT guidance — 5.7x higher than our forecast
* SIP: Cash-rich developer with substantial land bank – Initiation
* DGC: Cheaper input cost offset lower selling prices – Earnings Flash
* GDT: Revenue recovers, new factory acquisition disappoints – Earnings Flash
* HT1: Q2 2023 results improve QoQ but still trail expectations – Earnings Flash
* Weak Q2 retail sales, but profitability beats our expectations - Earnings & Analyst Meeting
* VLB: Beneficiary of increasing construction stone demand – Earnings Flash
* Market wrap: VN-Index jumps to nearly 10-month high
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Market wrap: VN-Index jumps to nearly 10-month high
On Friday, the VN-Index jumped 1.1% to close at almost a 10-month high of 1,185.90 as trading turnover on HOSE surged by nearly 24% from Thursday’s session to USD856mn. For the week, the VN-Index rose 1.5%.
* The real estate sector was very strong, with VHM (+2.2%) as the leading contributor to the day’s gain. In addition, DIG (+6.9%), PDR (+6.9%), DXG (+3.5%), KBC (+5.8%) and NVL (+2.4%) experienced significant increases.
* Consumer sector tickers MWG (+6.9%), MSN (+4.4%) and VNM (+1.2%) advanced.
* Nearly all banks finished higher, led by VPB (+1.9%), BID (+1.1%), STB (+3.2%) and TCB (+1.2%).
* DHG (-6.9%) plunged to the daily trading floor and was the day’s top contributing laggard.
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