Analysis Center
02
October
SBV returns to liquidity injections
After two weeks of net withdrawals, the SBV shifted to injecting liquidity in the last week, marking the largest injection in four months amidst a slight uptick in the exchange...
02
October
Seafood sector – Preview – [Overweight] – 3Q24F Preview: A robust growth trajectory
We believe that the 3Q24F’s earnings for most enterprises in the sector could experience high growth due to the low base effect in 3Q23. Regarding the pangasius industry, VHC could...
02
October
Oil & Gas sector – Preview – [NEUTRAL] – 3Q24F Preview: low Gas, robust Drilling
The bright spot of Oil & Gas sector in 3Q24F is a robust Drilling segment, and PVD is the largest listed beneficiary. Meanwhile, natural gas may see a strong retreat...
30
September
Securities – Note- [NONRATED] – Circular 68 on non-prefunding
The main amendments of Circular 68 are largely centered on 1) allowing foreign institutional investors (FII) could be short of funds when placing a buying share order 2) the securities...
30
September
The 39W24 chart of the day view: Selling pressure at the 1,300-pts level
Despite the correction at the end of the week, the uptrend remains intact in the short term. This trend may face some challenges as it approaches the 1,300-point level. Therefore,...
25
September
MWG – Brief – [HOLD] – BHX expanded after a long wait
In Aug 24, BHX opened 17 stores to increase the total number to 1,721 stores (+23 stores YTD), which is faster than the open of 2 – 3 stores in...
17
September
HAH – Brief – [NONRATED] – Earnings bottom are confirmed
For 6M24, HAH reported total revenue of VND1,653bn (+31% YoY) and NPAT-MI of VND171bn (-21% YoY), fulfilling 59% of the year earnings guidance. The latest data from Liner Analytics shows...
06
September
HDG – Brief – [NONRATED] – NPAT boosted by drop in interest expenses
In 2Q24, HDG recorded revenue of VND560bn, slightly down by 8% yoy due to the impact of declining revenue in both the real estate and energy segments. Besides, gross profit...
04
September
VJC – Brief – [NONRATED] – Strong core business, new supplying incoming
In 2Q24, VJC operated 35.7 thousand flights (+10.2% YoY), carried 6.8mn passengers (+1.5% YoY), and reported a VND16.2tn revenue (-2.3% YoY). VJC reported better earnings results than our forecast of...
Featured Analysis
Market commentary: Liquidity declines
Derivatives: Consolidation phase
Market commentary: Maintaining the uptrend
Derivatives: Finding a bottom
Market commentary: Green returned
Market traders: Extend the liquidity uptrend
Derivatives: Downside phase
