Vietcap Daily - VN-Index pulled down 1.1% by diverse group of stocks

* Petroleum sector: Promising consumption outlook, continued revisions in pricing regulation to yield minor positive impact

* Power sector: MOIT raises 2024 electricity production volume to ensure no power shortages

* FPT partners with Nvidia to invest USD200mn in AI in Vietnam using Nvidia’s chips

* HDG – AGM materials guide for NPAT growth of 12% YoY, broadly in line with expectation; dividends beat forecast

* MSN completes USD250mn equity raise from Bain Capital, expects to receive net cash of VND6.2tn

* KDH: Guidance for NPAT-MI to increase 10% YoY in 2024G – AGM Note

* TLG: Expecting sales to surge YoY from May; new ESOP plan to support strong medium-term targets - AGM Note & Earnings Flash

* TPB: Earnings rebound from low base in 2024 - AGM Note

* VRE: Flat YoY growth in 2024G net profit guidance, driven by resilient retail leasing & lower YoY property sales recognition - AGM Note

* Vietnam Industrial Real Estate Thought Piece: Positive supply and demand outlook for industrial real estate

* Market wrap: VN-Index pulled down 1.1% by diverse group of stocks

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Market wrap: VN-Index pulled down 1.1% by diverse group of stocks

The VN-Index was pulled down 1.1% (-12.8 pts) by a diverse group of stocks from different sectors, most notably in banking and real estate. In total, there were 360 laggards, 117 gainers, and 57 stocks that were unchanged. Total trading volume edged up to USD687.5mn.

* In real estate, VHM (-3.02%), VIC (-2.4%), BCM (-4.2%), VRE (-2.2%), and NVL (-2.7%) sharply dropped. KDH (0.0%) was unchanged.

* Banks CTG (-2.5%), BID (-1.4%), MBB (-2.7%), and VCB (-0.6%) were the top decliners in the sector. TCB (+2.1%) and VPB (+0.6%) gained.

* Stocks that posted losses in other sectors were rubber producer GVR (-3.8%), steel maker HPG (-1.4%), food & beverage conglomerate MSN (-3.3%), GAS (-1.1%), and securities company SSI (-1.7%).

* Some noteworthy stocks who saw their share prices increase were technology company FPT (+1.8%), retailer MWG (+2.5%), airline HVN (+1.5%), cargo services company SCS (+3.1%), and oil & gas company PLX (+1.01%).