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Vietcap Daily - Foreign investors extend net buying streak, but VN-Index edges down - DXG, NLG, DGW, DXS, GMD, PLX, VPB

Market Commentary

19 May 2023

* Power Sector: April 2023 CGM price hits 10-year high; EVN and eight transitional renewable power plants agreed on provisional tariffs

* DXG’s AGM: 2023 NPAT-MI guidance of VND158bn (USD6.7mn; -26% YoY); shareholders approve management’s plans for private placement, rights issuance and ESOP

* NLG: May 29 ex-rights date for VND200/share of remaining FY2022 cash dividend

* Fertilizer Prducers Sector Update: Expecting relatively flat urea prices in coming months

* DGW: 2023 earnings slump partly offset by non-ICT segments – Update

* DXS: Expecting property brokerage recovery in H2 2023 – Update

* GMD: Trade activities expected to recover in H2 2023 – Update

* PLX: Expecting stable petroleum supply going forward – Update

* VPB: Long-term outlook remains attractive with strong capital – Update

* Market wrap: Foreign investors extend net buying streak, but VN-Index edges down

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Market wrap: Foreign investors extend net buying streak, but VN-Index edges down

The VN-Index dropped by a tenth of a percent on Friday despite foreign investors being net buyers for the third straight day. 

* VHM (-1.6%) retreated after increasing nearly 12% over the previous five trading sessions. Parent company VIC (-1.3%) also declined. 

* The oil & gas sector was strong, led by GAS (+2.0%) and PVD (+4.7%). 

* Industrial real estate players GVR (+2.5%) and KBC (+2.1%) advanced.

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