Vietcap Daily - VN-Index jumps to nearly 10-month high - DIG, SIP, DGC, GDT, HT1, PNJ, VLB
  • 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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