- 2023-12-18T00:00:00
- Market Commentary
* HVN AGM: Target to achieve self-sustaining cash flow in 2024 but payables arising from COVID period need to be funded by restructuring
* SZC: Plan to transfer 4.0 ha of IP land from D2D to SZC
* TDM announces timeline for conducting a rights issue and 2023 interim dividend, in line with our forecast
* Thermal Power Sector Update: Sufficient power supply in 2024F to weigh on gas-fired volume
* NT2: Cutting 2024F volume and earnings forecasts - Update
* POW: Vung Ang & Ca Mau plants to drive 2024F earnings growth - Update
* PPC: NPAT jump on generator reoperation, higher dividend income - Update
* GDT: Termination of coverage
* Market wrap: VN-Index suffers a fourth consecutive decline
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Market wrap: VN-Index suffers a fourth consecutive decline
The VN-Index fell by 0.95% on Monday as foreign investors extended their net selling streak on the Vietnamese stock market. The index suffered its fourth consecutive decline and closed at the lowest level in the month of December.
* Financial stocks were the biggest contributor to the drop in the VN-Index, due to declines in banking names such as VCB, BID, CTG and VPB.
* Consumer stocks fell, including VNM, SAB, MWG and MSN.
* Technology ticker FPT fell 2.3% to a 5-day low despite posting positive 11M 2023 results with revenue up 20% YoY and NPAT-MI up 19% YoY.
* Real Estate shares traded mixed with gains from PDR, SZC and DIG, declines from VIC, NVL and KBC while VHM and DXG were unchanged.
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