Vietcap Daily - VN-Index posts small loss on Tuesday - PNJ, ACG, BSR, CTR, DHC, DXG, DXS, HDB, KDH, MBB, MWG, NKG, NVL, POW, SIP, STB, TLG, TPB, VIB, VNM, VPB, BCM
  • 2024-07-31T00:00:00
  • Market Commentary

* MoIT decides to launch anti-dumping investigation into hot-rolled coil imported from China and India

* PNJ’s Q2 2024 Analyst Meeting: PNJ outperforms jewelry market, driven by expanding customer base

* ACG: Modest demand recovery; expenses related to late VAT tax payments weigh on Q2 earnings – Earnings Flash

* BSR: Positive Q2 2024 NPAT-MI, expecting document submission for HOSE listing in August - Earnings Flash

* CTR: Earnings growth driven by solid revenue growth of infrastructure leasing and construction segments – Earnings Flash

* DHC: GPM remains compressed - Earnings Flash

* DXG: Gem Sky World presales, handovers progress short of expectations – Earnings Flash

* DXS: Q2 earnings improve QoQ, similar to our expectations – Earnings Flash

* HDB: Strong NII, low credit costs support profit growth – Earnings Flash

* KDH: Ongoing handovers at Classia, sales of undisclosed land plots drive H1 profit – Earnings Flash 

* MBB: NIM, bad debt metrics improve significantly QoQ – Earnings Flash 

* MWG: Earnings beat our forecasts; BHX posts Q2 profit - Earnings Flash

* NKG: H1 2024 earnings rebound YoY from low base, abnormally high financial income recorded in Q2 – Earnings Flash

* NVL: Continued debt restructuring and resolving legal issues – Analyst Meeting Note & Earnings Flash

* POW: Strong coal-fired plant performance, in line with expectation – Earnings Flash

* SIP: Core segment improvement drives H1 profit growth – Earnings Flash

* STB: Low credit costs despite NPL surging in Q2 2024 – Earnings Flash

* TLG: Premium SKUs partly offset increases in input plastic price - Earnings Flash

* TPB: Despite weak credit growth, NIM and asset quality significantly improve - Earnings Flash

* VIB: NIM headwinds & high credit costs pressure bottom line – Earnings Flash & AM note 

* VNM: Earnings grow by 21% in Q2 due to strong foreign businesses - Earnings Flash

* VPB: NIM improvement continues; FEC turns profitable – Earnings Flash

* BCM: Substantial land bank in Binh Duong; robust profit contribution from affiliates - Visit Note

* Market wrap: VN-Index posts small loss on Tuesday

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Market wrap: VN-Index posts small loss on Tuesday

On Tuesday, the VN-Index posted a small loss of 0.1% (-1.5 pts) to close the trading day at 1,245.1. The banks sector had four of the top ten stocks driving the market up and four of the top ten stocks dragging it down. Throughout the index, there were 154 gainers, 267 laggards, and 75 stocks that were unchanged. Total trading volume edged up compared to the previous trading day to USD541.8mn. 

* The four leading bank stocks were MBB (+1.7%), TCB (+0.9%), VPB (+0.8%), and VCB (+0.2%). The four decliners most affecting the index were BID (-0.6%), LPB (-1.01%), VIB (-1.4%), and CTG (-0.3%).  

* In real estate, VIC (+1.4%) and NVL (+3.6%) surged, while VHM (-1.1%), VRE (-1.1%), KBC (-2.2%), and PDR (-2.8%) sharply fell.  

* Some of the market leaders in other sectors were retailer MWG (+1.6%), milk producer VNM (+0.7%), airline HVN (+2.01%), food & beverage conglomerate MSN (+0.8%), and utility company GAS (+0.3%).  

* Top laggards affecting the index from other sectors were technology company FPT (-0.8%), rubber producer GVR (-0.8%), oil & gas company PLX (-1.5%), agricultural company DBC (-6.96%), and utility company REE (-3.2%).

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