- 2025-01-25T00:00:00
- Market Commentary
* HPG’s 2024 sales volume, preliminary results
* ACG: Revenue results in line with forecast; NPAT-MI trails projection due to provisions for doubtful receivable – Earnings Flash
* CTG: Robust credit growth, low credit costs boost Q4 earnings – Earnings Flash
* DPM: 2024 NPAT in line with forecast; 2025 conservative guidance – Earnings Flash
* FPT: 21% YoY earnings growth meets forecast; technology leads profit growth - Earning Flash
* FRT: NPAT-MI slightly trails expectation; Long Chau’s bottom line ahead of forecast - Earnings Flash
* GEX: Reported/Core NPAT-MI exceed forecasts by 38%/2x on strong VGC, GEE core earnings - Earnings Flash
* HDC: 2024 earnings fall short of expectations as stake sales not recorded in Q4 – Earnings Flash
* HSG: Top line result meets expectations but bottom line trails – Earnings Flash
* IDC: Handovers of large unbilled backlog fuel 2024 earnings growth – Earnings Flash
* KDH: Handovers at The Privia in Q4 2024 drive earnings growth – Earnings Flash
* MSN: Core NPAT-MI exceeds forecast; sale of HCS completed – Earnings Flash
* MWG: BHX’s net profit rises QoQ; TGDD & DMX’s EBIT margin weakens QoQ; 2025 NPAT growth guided at 30% - Earnings Flash
* NKG: Net revenue in line, but NPAT-MI misses expectations – Earnings Flash
* PNJ: NPAT only grows 7% YoY, despite solid 14% YoY retail sales growth – Earnings Flash
* POW: 2024 core NPAT trails forecast; conservative 2025 guidance – Earnings Flash
* STB: Earnings beat forecast on reversal of bad debt provisions - Earnings Flash
* TLG: Robust export momentum; enhanced cost efficiencies - Earnings Flash
* TPB: Earnings back to growth trajectory and improved asset quality - Earnings Flash
* TV2: Reported NPAT-MI grows 23% YoY, slightly trails forecast - Earnings Flash
* VEA: Honda’s earnings lead robust 19% associate profit growth - Earnings Flash
* VHM: 2024 earnings, presales beat forecasts, driven by Q4 bulk sales - Earnings Flash & Analyst Meeting Note
* VIC:Property sales, Chairman grants, and EV deliveries in Q4 2024 exceed expectations - Earnings Flash & Analyst Meeting Note
* Market wrap: VN-Index ticks up 0.4% before Lunar New Year
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Market wrap: VN-Index ticks up 0.4% before Lunar New Year
The VN-Index ticked up 0.4% (+5.4 pts) to close at 1,265.1 ahead of the market break for Vietnam's Lunar New Year celebrations. Today’s market activity was shaped by portfolio rebalancing from local ETFs, adding momentum to the ATC session. Foreign investors recorded their second straight day of net buying. Throughout the index, there were 258 gainers, 195 laggards, and 61 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD486.3mn.
* Among banks, LPB (+1.6%), HDB (+1.1%), and MBB (+0.9%) posted strong gains. LPB is on a four trading day gain streak. CTG (-0.3%) was the lone decliner in the sector.
* Six industrial goods & services stocks sharply rose. These were GEX (+6.9%), GEE (+6.9%), GMD (+3.1%), VTP (+1.5%), VSC (+2.9%), and PDN (+3.7%).
* Other standout gainers included food & beverage conglomerate MSN (+3.9%), utility company GAS (+1.3%), rubber producer GVR (+1.2%), and real estate company BCM (+1.9%).
* Some of the laggards to note included tech company FPT (-0.6%), steelmaker HPG (-0.4%), airline HVN (-0.9%), utility company REE (-1.4%), and real estate company KBC (-1.4%).
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