Vietcap Daily - VN-Index drops 0.7%, bank stocks lead losses again - DRC, PC1, PVT, DGC, PNJ, STK, TCB, DXG, DXS

* DRC guides for PBT decreasing 42% YoY in Q4 2024

* PC1: PC1 announces payment of 15% stock dividend

* PVT: Subsidiary’s core NPAT doubles YoY, one-off income from tanker divestment implies slight upside potential

* DGC: Shrinking GPM, rising SG&A expenses weigh on earnings - Earnings Flash

* PNJ: NPAT increases 3% YoY despite robust retail sales growth - Earnings Flash

* STK: 392% surge in NPAT fueled by GPM improvement, FX reversal - Earnings Flash

* TCB: Strong credit growth, NIM compresses QoQ - Earnings Flash

* DXG/DXS: Q3 preliminary earnings results below our expectations - Analyst Meeting Note

* Market wrap: VN-Index drops 0.7%, bank stocks lead losses again

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Market wrap: VN-Index drops 0.7%, bank stocks lead losses again

The VN-Index dropped 0.7% (-9.9 pts) on Tuesday to close the trading day at 1,269.9. For the second consecutive day, six of the top-ten stocks negatively affecting the index were banks. Throughout the index, there were 107 gainers, 269 laggards, and 58 stocks that were unchanged. Total trading volume sharply increased compared to the previous trading day to USD752.6mn.

* The bank stocks mentioned above were BID (-1.8%), VCB (-0.7%), CTG (-1.4%), ACB (-1.6%), MBB (-1.2%), and VIB (-2.3%). TCB (+0.2%) and HDB (+0.2%) gained.

* Rubber producer GVR (-4.1%) was the top stock pushing the market down. Other basic materials tickers HPG (-0.4%) and DGC (-1.7%) also performed poorly. DCM (0.0%) was unchanged.

* Real estate stocks BCM (-2.3%), VRE (-2.6%), and KBC (-3.7%) plunged. VHM (+0.9%) posted a solid gain.

* Other significant decliners were tech companies FPT (-1.8%) and CMG (-3.2%), food & beverage conglomerate MSN (-1.6%), beer maker SAB (-1.1%), airline VJC (-1.3%), retailer PNJ (-1.7%), and utility company GAS (-0.7%).