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Vietcap Daily - VN-Index slides by 1.7%, falling to lowest point since April - NVL, DGC, AST, BSR, CTR, DHC, DIG, DXG, DXS, HPG, KDH, MBB, MSN, MWG, PC1, PLX, PVD, PVS, REE, STB, VCB

Company Research

31 Oct 2023

* Trade and production improve further in October
* NVL: Q3 2023 NPAT-MI turns profitable thanks to divestment gain
* Energy Sector Flash: Block B project makes significant progress
* DGC: Significant earnings recovery to begin in Q4 2023 – Update
* AST: Q3 marginally improves vs Q2, trails our expectations - Earnings Flash
* BSR: Strong rebound in Q3 on rising oil price, surging crack spreads - Earnings Flash
* CTR: Towerco behind expectations; Construction beats our forecast - Earnings Flash
* DHC: Q3 earnings slump, selling price to recover in Q4 - Earnings Flash
* DIG: Weak property handovers in 9M 2023, results trail our forecast - Earnings Flash
* DXG: Property development segment improves in Q3 - Earnings Flash
* DXS: Q3 turns profitable after three consecutive quarters of losses - Earnings Flash
* HPG: Q3 2023 results improve QoQ, trail our forecast - Earnings Flash
* KDH: Ongoing delivery at Classia drives Q3 profit - Earnings Flash
* MBB: Optimized G&A expenses and credit costs support earnings - Earnings Flash
* MSN: Earnings miss on higher-than-expected financial expenses - Earnings & Analyst Meeting Note
* MWG: Q3 gross margin falls short of our expectations - Earnings Flash
* PC1: 9M 2023 NPAT-MI plunges YoY, remains in line with our forecast - Earnings Flash
* PLX: Strong Q3 results with divestment gain - Earnings Flash
* PVD: Strong Q3 on one-off profit; PVD secures nearly all drilling contracts until end-2025 - Earnings Flash
* PVS: Results in line with expectations; M&C segment surges YoY in 9M 2023 - Earnings Flash
* REE: Q3 disappoints, 9M 2023 NPAT-MI slightly trails our forecast - Earnings Flash
* STB: Lower credit costs despite increasing NPLs; NIM plunges - Earnings Flash
* VCB: LLR drops, credit growth remains low - Earnings Flash
* Market wrap: VN-Index slides by 1.7%, falling to lowest point since April


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Market wrap: VN-Index slides by 1.7%, falling to lowest point since April

The VN-Index began the week down 1.7% to close at 1,042.4, its lowest point since April of this year. The market had a healthy trading rhythm of buying and selling in the early afternoon but the combination of low trading volume (USD411.1mn) and downward pressure on blue-chip stocks led the session to end the day with 393 losers and 111 gainers.  

* VCB (+1.1%) increased for the third straight session. Other large-cap banks BID (-2.4%), VPB (-1.5%), and CTG (-1.9%) took losses while TCB (-4.9%) plunged.

* Real estate firm VHM (0.0%) had no change as its parent company VIC (-0.2%) decreased.

* GAS (-1.3%) and HPG (-1.5%) both dropped.  

* In food & beverage, VNM (-0.6%) inched down, SAB (-3.7%) plummeted and MSN (+0.4%) made marginal gains.

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