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Vietcap Daily - VN-Index rebounds by 1.9% on back of late afternoon rally - BSR, PNJ, VIC, VPB, PVS, BMP, GDT, HT1, LPB, NLG, SCS, TPB

Market Commentary

20 Oct 2023

* BSR: Q3 2023 Analyst Meeting
* PNJ’s 9M 2023 results: Net profit remains flat YoY, operating expenses increase QoQ in Q3
* VinFast (Nasdaq: VFS) entered into a standby equity subscription agreement of up to USD1.0bn with YA II PN, Ltd. (Yorkville)
* VPB announces the completion of selling 15% stake to SMBC
* PVS: Stronger M&C segment to boost 2024F NPAT – Update
* BMP: Q3 2023 earnings trending down despite record high margins - Earnings Flash
* GDT: Q3 2023 earnings remain the same as Q2 2023 - Earnings Flash
* HT1: Net loss in Q3 following weak demand and high interest expenses - Earnings Flash
* LPB: NIM improves but NPL ratio climbs to five-year high - Earnings Flash
* NLG: Q3 NPAT-MI growth supported by YoY increase in handovers and deferred tax - Earnings Flash
* SCS: Q3 2023 results similar to weak Q2 2023 - Earnings Flash
* TPB: NIM improves but credit quality further deteriorates - Earnings Flash
* Market wrap: VN-Index rebounds by 1.9% on back of late afternoon rally

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Market wrap: VN-Index rebounds by 1.9% on back of late afternoon rally

The VN-Index closed at 1,108 points (+1.9%) on Friday to make up for the previous day’s losses. The market appeared to be heading towards a decline for most of the day. However, a late afternoon surge in buying boosted the overall performance of the session.

* Large-cap banks were up across the board, led by VCB (+0.4%) and BID (+0.8%).

* In real estate, VHM (+4.7%) and VIC (+0.4%) halted their five-session slides.

* Food & Beverage firm MSN (+3.9%) fully recovered from yesterday’s loss while VNM (+1.3%) also made gains.  

* GAS (+1.6%) and HPG (+2.7%) also made significant positive contributions during the session.

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