VN-Index fluctuates dramatically; market reaches 1,300 points; PNJ maintains positive revenue; Vincom Retail leaves Vingroup, welcomes back "female general"; dividend payment schedule...
VN-Index sets new record
At the end of the trading week, VN-Index increased by 5.28 points, equivalent to 0.42% compared to the previous session, to 1,281.8 points, returning to the old peak of August 2022. VN-Index experienced a volatile week with the index increasing by more than 18 points, equivalent to a 1.43% increase.
HNX floor reached 241.68 points, up 0.9%, while UPCoM floor decreased slightly by 0.4% at 90.96 points after 1 week of trading.
Market liquidity continuously recorded remarkable figures. In the last session of the week alone, the total market liquidity reached 38,000 billion VND, of which the value on the HOSE floor alone was 34,734 billion - equivalent to 1,378 million shares, 18% higher than the liquidity of the past month.
The banking sector continued to lead the market with many stocks increasing strongly. Typically, the positive increase in the last session of the week came from BID (BIDV, HOSE), CTG (Vietinbank, HOSE), MBB (MBBank, HOSE), VCB (Vietcombank, HOSE)... The liquidity of the group also reached a high level, accounting for nearly 25% of the total value of the HOSE floor.
Banking becomes the market-leading industry group (source: SSI iBoard)
Overall for the week, the banking group played a pivotal role in the market's growth momentum with TCB (Techcombank, HOSE) contributing 5.13 points of increase, followed by MBB (MBBank, HOSE), ACB (ACB, HOSE), VIB (VIB, HOSE) ...
In addition, the market witnessed a rising wave from GEX (GELEX Group, HOSE) at the end of last week, reaching the highest liquidity in the market with 58.6 million shares changing hands, equivalent to 1,455.3 billion VND, the highest liquidity threshold in history, increasing nearly 6% in value.
On the other hand, foreign investors had an active trading week, but mainly due to strong net selling.
Comments and recommendations
After the positive increase, market opinions are mixed.
VCBS Securities assesses that the market value is still positive, and will soon approach the 1,300 - 1,310 point range, but before a new uptrend, VN-Index is likely to continue to fluctuate and accumulate. Investors are advised to take advantage of the adjustment fluctuations to restructure their portfolios by prioritizing short-term profit taking on stocks that have reached their target profits, or have not yet broken through the resistance zone. Some notable industry groups include banking, securities, and real estate.
TPS Securities stated that VN-Index is approaching the resistance level of 1,300 points, investors should maintain a cautious mindset in the range of 1,280 - 1,300 points. Accordingly, there will be 2 scenarios for the market next week, an upward trend and a neutral trend.
BSC Securities believes that the last trading session of the week (March 22) showed that the market was struggling at the 1,280 point threshold. Investors should be cautious, the index may continue to accumulate around this threshold or may be under pressure to be pushed down.
SSI Securities commented that VN-Index maintained its upward momentum but has cooled down somewhat. The index may temporarily consolidate and accumulate in the range of 1,272 - 1,258 points.
PNJ maintains positive revenue in the first 2 months of the year
PNJ shares have increased positively since the beginning of the year (Source: SSI iBoard)
Revenue of Phu Nhuan Jewelry (PNJ, HOSE) in the first two months of the year reached VND8,478 billion, up 21.6% over the same period last year. Profit after tax reached VND550 billion, close to last year's record of VND555 billion.
It is known that the reason for PNJ's revenue in February was mainly from selling 24K gold bars thanks to the time of the God of Wealth's day and the sharp increase in gold prices. However, gold bars are a product with low profit margins and most businesses in the industry do not benefit too much from this segment.
On the stock exchange, PNJ has been performing quite positively since the beginning of the year, up 15.2% compared to the end of last year at a market price of VND98,500/share.
Mobile World increased revenue by 14% in the first 2 months of the year
Mobile World Investment Corporation (MWG, HOSE) announced its business results for the first two months of the year with total revenue reaching VND 21,613 billion, up 14% over the same period in 2023.
The revenue of the Mobile World and Dien May Xanh chains alone reached VND14,900 billion, a slight increase of 3% over the same period, although the company has aggressively closed more than 210 facilities compared to the same period last year. Of which, online revenue reached VND2,500 billion.
Notably, the Bach Hoa Xanh chain achieved more than 6,000 billion VND in revenue, an increase of 47% over the same period when previously, in 2023, this brand had a net loss of 1,200 billion VND.
Recorded on the floor, MWG is having positive developments, maintaining its role in the group that supports the market's growth momentum at a market price of VND 49,100/share.
Series of changes before the General Meeting of Shareholders
An Binh Commercial Joint Stock Bank - ABBank (ABB, HOSE) announced the decision to dismiss Mr. Nguyen Manh Quan from the position of Deputy General Director from March 20. This change is right before the 2024 Annual General Meeting of Shareholders (AGM) on April 5.
Ms. Vu Nam Huong has held the position of Deputy General Director of LPBank since March 20 (Photo: Internet)
Lien Viet Post Joint Stock Commercial Bank – LPBank (LPB, HOSE) appointed Ms. Vu Nam Huong as Deputy General Director and Director of Corporate Clients from March 20. Accordingly, LPBank plans to hold its General Meeting of Shareholders on March 27.
FPT Corporation (FPT, HOSE) appointed Mr. Pham Minh Tuan as Deputy General Director from March 13. According to plan, the company will hold its General Meeting of Shareholders on April 10.
Vincom Retail is no longer part of Vingroup, welcoming the "female general" back
Recently, the Board of Directors (BOD) of Vingroup Corporation (VIC, HOSE) announced that Vingroup and its subsidiaries will withdraw capital from SDI Investment and Trade Development Company Limited (SDI owns 99% of capital of Sado Sading Trading Joint Stock Company - a shareholder holding 41.5% of shares of Vincom Retail).
It is expected that after the transaction, SDI Company, Sado Company and Vincom Retail (VRE, HOSE) will no longer be subsidiaries of Vingroup.
Vingroup will still hold about 19% of Vincom Retail shares. The management said there will be no change in VRE's business operations and VRE will continue to be a strategic partner with companies in the Vingroup ecosystem.
Ms. Tran Mai Hoa returns to the position of General Director of Vincom Retail after 5 months of leaving the position (Photo: Internet)
In addition, on March 18, the Board of Directors of Vincom Retail dismissed Ms. Pham Thi Thu Hien from her position as General Director of the company. At the same time, Ms. Tran Mai Hoa (Member of the Board of Directors) was appointed as General Director of Vincom Retail for the 2024-2029 term, concurrently as the person who made the information disclosure, Vice Chairwoman of the Board of Directors of Vincom Retail for the 2024-2028 term.
This year, Vincom Retail plans to open six more shopping malls with a total retail floor area of about 160,000 square meters. Most of them are located in urban residential areas developed by Vinhomes (VHM, HOSE).
Dividend schedule this week
According to statistics, 8 businesses announced dividend payment rights this week. All businesses have paid dividends in cash.
The highest payout rate is 20%, the lowest is 3%.
Cash dividend payment schedule of enterprises from March 25 - 31
* GDKHQ: Ex-rights transaction - is the transaction date on which the buyer does not enjoy related rights (right to receive dividends, right to buy additional issued shares, right to attend shareholders' meeting...). The purpose is to close the list of shareholders owning shares of the company .
| Stock code | Floor | GDKHQ Day | Date TH | Proportion |
|---|---|---|---|---|
| NBE | UPCOM | 3/25 | 9/8 | 11% |
| Associate Professor | HNX | 3/25 | 5/4 | 15% |
| TMW | UPCOM | 3/25 | 31/5 | 10% |
| VTC | HNX | 3/26 | 24/4 | 7% |
| HJS | HNX | 3/27 | 10/4 | 10% |
| HTC | HNX | 3/28 | 10/4 | 3% |
| CCM | UPCOM | 3/29 | 1/4 | 20% |
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