Vietcap Daily - VN-Index retreats 0.1% to close week - GMD, DRC, FPT, LPB, NT2, PPC, QTP, SCS

* GMD: October 22 ex-rights day for 3:1 rights issue of 103.5 million shares at VND29,000/share – 60% discount to current price of VND73,100/share
* DRC: Higher input costs dampen Q3 2024 earnings - Earnings Flash
* FPT: 22% YoY earnings growth led by Global IT and Telecom Services in 9M 2024 - Earning Flash
* LPB: Strong earnings growth amid high accrued interest - Earnings Flash
* NT2: Doubled Q3 sales volume YoY, potential upside evident - Earnings Flash
* PPC: Weak Q3 2024 results, trailing our expectations - Earnings Flash
* QTP: Q3 2024 NPAT-MI jumps to 6.5x YoY yet falls short of our expectations - Earnings Flash
* SCS: Strong ASP drives positive Q3 results despite weaker-than-expected cargo volume - Earnings Flash
* Construction Sector: Industrial, infrastructure projects leading sector recovery
* Textile Sector: Upstream expansion to support higher returns
* Market wrap: VN-Index retreats 0.1% to close week

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Market wrap: VN-Index retreats 0.1% to close week

The VN-Index retreated 0.1% (-1.1 pts) on Friday to close the trading week at 1,285.5. The index was not particularly affected by one sector as a variety of large-cap stocks across sectors declined. Throughout the index, there were 157 gainers, 211 laggards, and 72 stocks that were unchanged. Total trading volume edged down compared to the previous trading day to USD611.8mn.

* In the banks sector, VCB (+0.2%), TCB (+0.4%), LPB (+0.8%), HDB (+1.5%), and STB (+2.8%) gained. CTG (-0.8%), VPB (-1.7%), MBB (-0.6%), and ACB (-0.2%) declined. BID (0.0%) was unchanged.

* In real estate, VHM (+0.3%) and VIC (+0.6%) edged up while KDH (-1.7%) plunged. BCM (0.0%) and VRE (0.0%) were unchanged.

* Some of the stocks most negatively impacting the index were steel maker HPG (-1.1%), food & beverage conglomerate MSN (-0.7%), rubber producer GVR (-0.4%), and milk producer VNM (-0.3%).

* Airlines VJC (+1.1%) and HVN (+0.5%), utility company GAS (+0.3%), oil & gas company PLX (+0.2%), and fish exporter VHC (+0.7%) were among the market’s bright spots.