Let's review the notable domestic and international financial news that took place in the past 24 hours before today's trading hours.
• Another few-day-old business holds tens of millions of OGC sharesA newly established enterprise 4 days ago became a major shareholder of OGC after purchasing more than 51.7 million shares, equivalent to 17,241 TP3T of capital.
• HDBank completes divestment from non-core sectors, realizing profits from investment in aviation. Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) has just reported the completion of the sale of more than 3.2 million shares of Vietjet Air (VJC) according to the roadmap for divestment of non-core investments.
• The impact of the monetary tightening cycle will be evident in 2024Global stock markets have rallied and government bond yields have fallen despite warnings from central banks about the possibility of interest rate cuts.
• Deputy Governor of the State Bank of Vietnam Dao Minh Tu: Amending Decree 24 is necessary and consistent with current gold market developments.. On the morning of January 3, 2024, at the press conference on the implementation of banking tasks in 2024 of the State Bank of Vietnam (SBV), Deputy Governor of SBV Dao Minh Tu affirmed that amending Decree 24 is necessary to be more suitable to the current developments in the gold market.
• Why did the State Bank grant a one-time credit "room" from the beginning of 2024? On the morning of January 3, 2024, at the press conference on the implementation of the State Bank's (SBV) banking tasks in 2024, the Director of the Monetary Policy Department explained why in 2024, the SBV issued a one-time credit growth target (room) right at the beginning of the year.
• VDSC: VN-Index in 2024 could reach 1,380 points in the best scenario. Dragon Capital Securities (VDSC) has just released the 2024 Investment Strategy Report with 2 scenarios for the VN-Index score.
• Receiving unexpected good news, Vietnam Airlines shares fall to the ceilingVietnam Airlines shares (HOSE: HVN) hit the ceiling right after news that HVN shares could continue to be listed on the HOSE.
• Expecting an early recovery in the industrial real estate and affordable housing segments. Two segments that real estate experts expect to see changes and recover early in 2024 are industrial real estate and low-cost housing and social housing.
• Credit by the end of 2023 reached 13.5%, the State Bank of Vietnam granted all credit "room" from the beginning of 2024On the morning of January 3, 2024, the State Bank of Vietnam (SBV) held a press conference to deploy banking tasks in 2024.
• Hundred million dollar ETF fund sold DXG heavily in the last week of 2023. In the last week of 2023 (December 22-29), the VanEck Vectors Vietnam ETF (VNM ETF) only sold DXG. All other stocks in the portfolio remained the same.
• Gold "sparkles" in the first days of the yearAfter falling sharply in the last week of 2023, SJC gold prices turned around to increase again to welcome the new year.
• Review and grant certificates to condotel projects without 'status'The Ministry of Natural Resources and Environment requests the People's Committees of provinces and centrally-run cities to review and direct the organization of the issuance of certificates for tourist apartments, tourist villas, office apartments combined with accommodation... in accordance with regulations.
• Beta Securities Expert: In 2024, VN-Index is likely to fluctuate in the 1,300 - 1,400 point rangeMr. Vo Kim Phung - Deputy Head of Analysis Department, Beta Securities Company, presented positive pieces for a brighter picture of the Vietnamese economy and stock market in 2024.
• Relatives of Pomina Chairman just sold more than 5 million POM shares, market price immediately hit ceilingTwo relatives of Pomina Chairman Do Duy Thai have just sold more than 5 million shares in the past 2 weeks.
• 2023: Who will be crowned the cash dividend king?. In summary, in 2023, many businesses appeared with dividend payout ratios above 100% (10,000 VND for each share owned). But which name paid the highest in the whole market?
• Rare garment enterprise does not "break" 2023 revenue plan. By the end of 2023, TNG Investment and Trading Joint Stock Company (HNX: TNG) is estimated to achieve revenue of VND 7,085 billion, officially breaking the revenue record achieved in 2022 (VND 6,772 billion), equivalent to an increase of nearly 5%.
• Hac Thanh Tower case: Defendants have paid 55.8 billion VND to remedy the consequences. Regarding the Hac Thanh Tower case, former Director of Thanh Hoa Department of Finance Dinh Cam Van paid 10 billion VND to remedy the consequences.
• Tensions escalate, shipping giant Maersk suspends shipping route through the Red Sea. Maersk announced the suspension of all operations through the Red Sea or the Gulf of Aden until further notice. The move comes after Maersk vessels were attacked by the Houthi group in the Red Sea.
• Interest Rates 2024 – Unknown from InflationMost forecasts suggest that interest rates will remain stable in 2024. However, the inflationary uncertainty is considered a significant challenge to the target of stabilizing interest rates, as it is currently subject to many negative impacts.
• Ho Chi Minh City plans to invest 44,000 billion VND in 5 traffic projects under BOTHo Chi Minh City will start construction of 5 projects to upgrade, expand and modernize existing road works under the BOT form in late 2025 and early 2026.
• A subsidiary must set aside more than 50% in provisions, CDC wants to transfer profitably. Chuong Duong Joint Stock Company (HOSE: CDC) plans to change its business model and transfer 30% of capital at a subsidiary. CDC wants the deal to be profitable despite having to set aside a provision for a decrease in the value of more than 50% of invested capital.
• Sen Vang Securities says goodbye to a series of major shareholdersAccording to the transaction report, 4 major shareholders have just simultaneously divested all their shares they are holding at Sen Vang Securities JSC (GLS) on the same day.
Source: Vietstock
