Let's review the notable domestic and international economic and financial news that took place in the past 24 hours before today's trading hours.
* Real estate and securities stocks attract money. Liquidity increased in the week of March 4-8, in the context of the index losing its 3-week consecutive increase streak. Cash flow focused heavily on real estate and securities stocks.
* Vietcap Securities targets pre-tax profit to increase by nearly 23% in 2024. Board of Directors of Vietcap Securities Corporation (HOSE: VCI (HM:VCI)) has just ended the meeting to report business results for 2023 and business plan for 2024.
* The free USD price increased sharply, reaching a historical milestone of 25,700 VND. The USD price on the free market this morning increased by 150 VND in the selling direction, bringing the official selling price to 25,700 VND, the highest level ever.
* The State Bank of Vietnam (SBV) has withdrawn nearly VND15 trillion through the treasury bill channel after a 4-month hiatus. By mid-March, the State Bank of Vietnam (SBV) had returned to the treasury bill issuance channel after a 4-month hiatus.
* FRT stock (HM:FRT) set a new peak, increasing 60% in more than 2 months. If forced to name some of the most notable stocks on the stock exchange recently, FRT stock would be one of them.
* Civil construction enterprises are waiting for the day when the real estate market recovers. The real estate market must be vibrant for the construction industry to develop. In the context of real estate in 2023 still being sluggish, the business results of civil construction enterprises on the stock exchange have not been able to find growth.
* Shark PYN Elite earned more than 5% in February. The Vietnamese stock market continued to have a second month of breakthrough under the leadership of banking stocks, thereby helping the investment fund from Finland - PYN Elite maintain investment performance growth in the second month.
* NTP stock (HN:NTP), SMC and DPM (HM:DPM) has the potential to "make waves"? Securities companies (CTCK) recommend monitoring NTP with the prospect of positive business results reflected in the stock price; buying SMC with the expectation that core business activities will gradually shift from loss to profit thanks to the recovery of the real estate market and asset sales; buying DPM based on the potential recovery thanks to improved urea prices.
STOCK MARKET CONTRACT
* Violation of information disclosure, KSB (HM:KSB) was fined 130 million VND
* Viewpoint 12/03: VN-Index continue to decline in the short term?
* SMC Vice President's mother wants to sell all 10.2 million shares
* Following the shark money flow 11/03: Foreign investors and self-employed traders disagree on retail stocks
* HJS is about to pay interim dividends and organize the annual general meeting of shareholders, the 2024 plan is behind schedule
* 2023 results drop sharply, causing dividend plan to fail, PAT sets 2024 plan to fall behind
* Ballpoint pen company earns billions every day even though it's not peak season
* PTT successfully offered nearly 6.5 million shares to 10 investors
* Thac Ba Hydropower Plant sets net profit target to increase by 32%
* Defendant Nguyen Cao Tri confessed to 'overturning' 1,000 billion VND of Ms. Truong My Lan
* Tien Len Steel extends the 2024 Annual General Meeting of Shareholders
* One-time "rice king" Angimex (HM:AGM) continue to sell assets to recover capital
* Market warms up, Thanh Cong Textile (HM:TCM) 2024 plan for double-digit growth
* GVR (HM:GVR) plans for slight growth in 2024, restructuring many investments by 2025
* REE's "grandchild" company (HM:REE) plans growth after record profit year
* Damsan unexpectedly sets 2024 pre-tax profit target to fall nearly 79%
* What is the driving force for 2023 profit growth of non-life insurance companies?
BANKING FINANCE
* Amending and supplementing a number of regulations on lending activities of credit institutions
* Other financial institutions are no longer eligible to participate in currency brokerage transactions.
* Trial of Van Thinh Phat case: Receiving bribes 4 times, defendant claimed "only passively received" (?)
* Many businesses no longer have enough legal collateral to borrow capital.
* Proposed regulations on letter of credit operations
* Ministry of Finance: Progress in equitization and restructuring of state-owned enterprises is still slow
* Prosecution of group lending at super 'exorbitant' interest rates, profiting over 4,150 billion VND
MACRO INVESTMENT
* Investment capital demand for seaport system by 2030 is over 351,000 billion VND
* Real estate businesses are facing many difficulties.
WORLD FINANCE
* Bitcoin over 71,000 USD
* Japan escapes recession in Q4
* Speculative genius Bill Ackman predicts Bitcoin could surge, but warns of risks from this rally
* Japan: Proposal to raise wages could force BoJ to stop negative interest rates
* When will the Fed lower interest rates?
* Southeast Asia is getting old before it gets rich
* Is 'greed inflation' the nature of global businessmen?
* Four European countries to invest $100 billion in India over 15 years
According to Vietstock
