Vietcap Daily - VN-Index slides by 0.2% to open week - CTR, GEX, MWG, STK, VEA, VHC, DGW, SAB, TCB
  • 2023-11-13T00:00:00
  • Market Commentary

 * CTR’s 10M 2023 preliminary results: Profitability below our expectations
* GEX: Sembcorp and GEX reach an agreement on sale of 245-MW renewables portfolio; estimated pretax divestment gain of VND800bn-VND1,100bn
* MWG Analyst Meeting: Difficulties have passed but challenges remain ahead
* STK: 14% private placement to four existing shareholders to help fund expansion; selling treasury shares as ESOP
* VEA: Vietnam’s passenger car (PC) sales recover MoM in October; remain lower than expected
* VHC: Announces 2022 ESOP issuance – in line with approvals made at AGM
* DGW: Valuation fully reflects 2024F-25F recovery prospects - Update
* SAB: Earnings set for modest recovery in 2024F - Update
* TCB: Attractive valuation despite slow real estate recovery - Update
* Market wrap: VN-Index slides by 0.2% to open week


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Market wrap: VN-Index slides by 0.2% to open week

On Monday, the VN-Index dropped by 1.6 points to close at 1,100.1 (-0.2%). The banking, real estate, and food & beverage sectors weighed heavily on the session. Total trading volume plunged to USD657.5mn.  

* VCB (-0.6%) had the most negative effect on the market for the third straight session. Other banks BID (-0.2%) and VPB (-1.8%) also fell while CTG (0.0%) went unchanged. ACB (+0.2%) and MBB (+0.6%) were two bright spots in the sector.

* VIC (-0.3%) as well as subsidiaries VHM (-2.3%) and VRE (-1.9%) decreased for consecutive days.

* In food & beverage, VNM (-1.3%) and SAB (-1.8%) declined. MSN (+0.5%) made a marginal gain.

* GAS (+0.4%) and HPG (+2.4%) markedly helped lift the session.

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