HVA – March 25: What to read before trading stocks?
Review of the economic and financial news highlights of the past weekend.
- Bank stocks push VN-Index to 19-month high. The two market indices increased quite positively in the week of March 18-22, 2024. VN-Index increased by 1.43% compared to the end of the previous trading week, to 1,281.8 points - the highest in the past 19 months. HNX-Index increased by 0.89%, ending the week at 241.68 points.
- Shrimp exports to China and the US increased sharply. Vietnam's shrimp exports in the first two months of this year reached 415 million USD, an increase of 241.3 million USD over the same period last year. Exports to China and the US markets recorded growth of 1431.3 million USD and 261.3 million USD respectively over the same period.
- FPT (HM:FPT) earned nearly 9 trillion in the first 2 months of the year, the education sector made a strong breakthrough. In the first 2 months of 2024, FPT achieved revenue growth of nearly 23% and pre-tax profit of 19.5% compared to the same period, reaching nearly 9 trillion VND and 1.6 trillion VND, respectively. Notably, although the Education sector's revenue accounted for a low proportion, the growth rate was up to 71.5%.
- After the proposal to remove the monopoly, domestic gold decreased by nearly 2 million VND/tael in just 1 day.On March 21, the State Bank of Vietnam (SBV) proposed to abolish the monopoly mechanism for gold bar production, immediately after that the price of SJC gold plummeted as people took profits on gold.
- HAGL (HM:HAG) changes new logo, removes hospital and hotel sectors from websiteHAGL said that changing the logo color is a step to give the Company an image associated with creating agricultural products from a circular model.
- From July 1, money transfers of more than 10 million VND must have facial authenticationMr. Pham Anh Tuan - Director of the Payment Department, State Bank - said that from July 1, electronic money transfers of over 10 million VND/transaction must be authenticated by face according to Decision 2345 of the State Bank issued in December 2023, the purpose is to ensure that it is the owner who is doing it.
- Examining the land funds of 10 industrial real estate giants. The industrial real estate segment has always been a bright spot in recent times. In the context of limited supply of industrial land but high demand, how much land do the "bosses" of this segment currently own for lease?
- Are FDI stocks attractive to investors?. Reality shows that not all FDI enterprises listed on the stock exchange can convince investors to “put down money” to buy shares. When the Government continues to allow FDI enterprises to list, what are the criteria that will attract investors?
I. STOCK MARKET
– Prosecution of former deputy general director of Vimedimex pharmaceutical company
– Re-evaluating the capital contribution to VIMC Lines, Vinalines plans to increase pre-tax profit in 2024 by 29%
– How much can Gemadept (HM:GMD) earn from the Nam Hai Port transfer deal?
– VPI (HM:VPI) adjusts plan to use money from bond issuance
– More than 60% of ESOP shares are unsold even though the issuance price is 1/25 of the market price, IDP decides not to continue distributing
– Proposing ACV (HN:ACV) to consider stopping providing services to airlines that do not pay debts
– Many auditors were suspended due to serious violations of standards.
– MWG (HM:MWG) 2-month revenue increased by 14%, store system gradually stabilized
– TOS is about to increase capital by 1.5 times
– VIX Securities (HM:VIX) plans to increase pre-tax profit in 2024 by 10%, offering nearly 636 million shares to increase charter capital
– Dividend week from 25-29/03: Highest 20%
– A foreign shareholder left the position of major shareholder of two companies on the same day.
– Active trading investment fund
II. BANKING FINANCE
– Vietcombank (HM:VCB) speaks out about the case of a customer in Bac Ninh having his money stolen
– Unable to pay off nearly 1,000 billion VND debt of My Dinh National Sports Complex
– The General Department of Taxation continues to warn against acts of impersonating tax officials and tax authorities to commit fraud.
– Gold price continuously decreased, buyers lost more than 4 million VND/tael
– USD price jumps
– Why were 30 batches of exported durian warned by China?
III. INVESTMENT MACRO
– Him Lam related business wants to build a residential area worth more than 2.7 trillion VND in Long An
– Dong Nai started 5 projects and completed 715 social housing units in 2024
– HoREA: Many investors choose the wrong location to build social housing
– New movement of the beltways
– Which 4 projects does Binh Dinh specially bring to the 2024 Investment Promotion Conference?
– Binh Dinh promotes investment in 8 social housing projects in the period 2023-2025
– Proposal of nearly 9,300 billion VND to upgrade 3 national highways in the Mekong Delta
– Project calling for investment week 16-22/03: Tra Vinh, Nghe An has a huge urban area worth thousands of billions
IV. WORLD FINANCE
– The European Economic Area will adopt tighter fiscal policy
– Hong Kong IPO market waiting to be 'heated up' by milk tea chains
– Japanese government stops calling on BOJ to pursue “bold monetary policy”
Source: Investing
