- 2024-04-03T00:00:00
- Market Commentary
* Power Sector: Robust YoY growth of electricity production in Q1 2024
* DRC’s 2024 AGM documents set conservative earnings guidance
* IDC’s AGM documents guides for 22% YoY growth in 2024G PBT; FY2024 dividend proposed to maintain at 40% on par value
* PVT: PVT to pay 2021 stock dividend at ratio of 100:10
* SAB’s 2024 AGM documents guide for 8% YoY NPAT growth; maintain high dividend payment
* VHC’s AGM documents: Management guides for -13% YoY decline in NPAT-MI in base case for 2024
* VHM’s 2024 AGM document guides for 2024G NPAT growth of 4% YoY
* VPB’s 2024 AGM documents: Ambitious profit guidance with plan for strong growth
* LPB: Anticipated NIM recovery, surge in bad debt recoveries - Update
* Market wrap: VN-Index retreats 1.2% as all VN30 stocks decline
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Market wrap: VN-Index retreats 1.2% as all VN30 stocks decline
The VN-Index retreated 1.2% (-15.6 pts) on Wednesday as all of the stocks in the large-cap VN30 group saw their share prices decline. Throughout the market, there were 130 gainers, 368 laggards, and 52 stocks that were unchanged. Total trading volume was unchanged at USD1.1bn.
* Several banks exerted significant downward pressure on the index, including BID (-1.7%), CTG (-2.7%), VCB (-0.7%), MBB (-2.4%), and TCB (-1.8%).
* After yesterday’s strong performance, the basic materials sector declined overall. The top-four worst performers were rubber producer GVR (-2.8%), steel makers HPG (-1.5%), HSG (-2.1%), and NKG (-2.5%).
* In real estate, DIG (-5.4%), BCM (-1.5%), KBC (-3.2%), and DXG (-3.8%) fell while VIC (-0.1%) and VHM (-0.1%) edged down.
* In consumer services, retailers MWG (-2.7%) and FRT (-3.0%), and airlines HVN (-3.1%) and VJC (-0.8%) declined.
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