VN-Index recovers, Bach Hoa Xanh starts to make profit, list of 4 potential industries, final date to delist HBC and HNG shares, weekly dividend payment schedule...
VN-Index recovers but lacks momentum
After an unpredictable trading week with continuous increases and decreases with strong amplitude, VN-Index regained green at the end of last week, closing the week (August 9) with 1,223.6 points. However, the index still decreased sharply by 13 points compared to the previous week.
Positive developments mainly came from pillar stocks, belonging to the VN30 "basket" with the trio of banking, steel, and securities industries: HPG (Hoa Phat Steel, HOSE), ACB (ACB, HOSE), SSI (SSI Securities, HOSE), HDB (HDBank, HOSE), MBB (MBBank, HOSE), TCB (Techcombank, HOSE) ...
Liquidity remains modest, fluctuating only around VND 15,000 billion/session.
Pillar stocks are the driving force for market recovery (Photo: SSI iBoard)
A bright spot appeared in the group of foreign investors when they made a net buying move again last weekend in the group of pillar stocks: FPT (FPT, HOSE), MWG (Mobile World, HOSE)...
Assessing the market last week, Mr. Cao Hoai Thanh Bao, personal customer care specialist, Mirae Asset Securities , said that VN-Index had a trading week with a wide range, mainly under strong pressure from the trend of consecutive sharp declines and then recovering with very large ranges in the sessions, from which, investor sentiment is quite weak.
However, at the end of last week, cash flow focused more on VN30 stocks, helping to stabilize the market and somewhat ease investors' panic when the market fell sharply.
VN-Index has been strongly adjusted from the 1,300 point area to the present due to the continuous withdrawal of money and the lack of new "force" to supplement, along with the previous sideways period in the range of 1,250 - 1,300 points, so there is a very large supply. When it decreases further, this supply will continuously flow out to reduce the proportion, so the decrease amplitude will be large.
Hoa Binh Construction and HAGL Agrico shares will be delisted on September 6
HBC shares plummeted continuously after the news of being delisted from HOSE (Photo: SSI iBoard)
According to the latest information from the Ho Chi Minh City Stock Exchange (HOSE), 347.2 million HBC shares of Hoa Binh Construction Group Corporation received a decision to delist from September 6, the last trading day is September 5.
In addition, more than 1.1 billion HNG shares of Hoang Anh Gia Lai Agriculture Joint Stock Company (HAGL Agrico) also received a decision to delist from September 6, the last trading day is September 5.
The reasons are respectively because the accumulated loss exceeds the actual contributed charter capital, and the business results have been losses for 3 consecutive years according to the provisions of Decree 155/2020/ND-CP issued on December 31, 2020.
Name 4 potential stock groups
Based on business results, FDI capital, public investment and the return of La Nina, KBSV Securities names the benefiting industries.
Specifically, the retail group, benefiting from the recovery in business results compared to the 2023 base, includes: MWG (Mobile World, HOSE), MSN (Masan, HOSE), VNM (Vinamilk, HOSE), DGW (Digital World, HOSE).
Industrial real estate groups benefit from foreign direct investment (FDI): BCM (Industrial Development and Investment, HOSE), GVR (Vietnam Rubber Industry, HOSE), SIP (Saigon VRG Investment, HOSE)…
Construction materials and infrastructure construction groups thanks to public investment expectations: PC1 (PC1 Group, HOSE), HPG (Hoa Phat Steel, HOSE), VLB (Bien Hoa Construction Materials, UPCoM), HT1 (Vicem Ha Tien Cement, HOSE)...
The Hydropower group is expected to grow strongly thanks to the momentum from the La Nina phenomenon: REE (REE Refrigeration and Electrical Engineering, HOSE), HDG (Ha Do Group, HOSE), VSH (Vinh Son - Song Hinh Hydropower, HOSE).
Bach Hoa Xanh makes a profit, jubilantly opens 4 provinces and cities
The Bach Hoa Xanh retail chain has recently been announced by Mobile World (MWG, HOSE) its business results for the first 6 months of the year, with VND 19,400 billion in revenue, a sharp increase of 42% over the same period. Notably, monthly revenue from March 2024 to present has maintained a steady growth state.
Accordingly, this is the first quarter that Bach Hoa Xanh has brought profit to Mobile World since its operation.
Bach Hoa Xanh Retail starts to "bring money home to mom" after a series of losses (Photo: Internet)
Established in late 2015, by 2021, the number of Bach Hoa Xanh stores had reached more than 2,100, but the business situation was continuously losing money. Since this milestone, the number of stores has gradually decreased over the years.
At the annual general meeting of shareholders held in April 2024, Chairman Nguyen Duc Tai expressed that Bach Hoa Xanh was the first unit to enter the restructuring process of MWG, the number of stores cut was up to 900.
Currently, Bach Hoa Xanh has a total of 1,701 stores in operation. According to information on Bach Hoa Xanh's recruitment fanpage, this mini supermarket chain will open 7 new stores in Ho Chi Minh City, Dong Nai, Binh Duong, and Long An in August.
Comments and recommendations
Mr. Cao Hoai Thanh Bao, personal customer care specialist, Mirae Asset Securities, commented that the cash flow was continuously withdrawn without any new additional motivation, VN-Index adjusted strongly at the 1,300 point area. However, the signal at the end of last week tended to be more positive as this was the third consecutive week of recovery, which may have ended this short-term decline.
The market is showing a positive recovery trend.
It is expected that in this trading week, the market will recover after overcoming the resistance of 1,220 points. The recovery target is towards the threshold of around 1,250. Here, investors need to observe the next direction of the market because this is a very large resistance level, so there will be a lot of supply and risks. To overcome it, the market will need more momentum than it is now.
Cash flow is mainly concentrated in the Blue-chips group, investors can consider retail stocks such as: MWG (Mobile World, HOSE), MSN (Masan, HOSE), PLX (Petrolimex, HOSE), VNM (Vinamilk, HOSE), GAS (PV Gas, HOSE).
Vietcap Securities believes that with the buying force not being too high, the correction signal is still maintained, the index will likely test and fluctuate in the 1,210 - 1,220 point range in the coming trading sessions. If the buying force remains around the 1,210 point threshold, the index may head towards 1,245 - 1,250 points, ending the correction period.
Phu Hung Securities assessed that VN-Index continued to recover at the end of last week but trading volume was low and demand was weak. The index is likely in the recovery phase but may extend to a higher resistance zone of 1,237 - 1,257 points. The general strategy is to keep the proportion of stocks low and wait for a clearer positive signal before participating.
Dividend schedule this week
According to statistics, there are 35 enterprises that have fixed dividend rights this week. Of these, 27 enterprises pay in cash, 2 enterprises pay in shares, 3 enterprises exercise purchase rights and 3 enterprises pay combined dividends.
The highest rate is 100%, the lowest is 3%.
2 companies pay dividends in stocks :
Hong Ha Food Development Investment JSC (HSL, HOSE) closed the ex-right trading date on August 15, at a rate of 9%.
Thuan Duc Corporation (TDP, HOSE) closed the ex-right trading date on August 16, at a rate of 10%.
3 companies pay dividends by exercising purchase rights :
MB Securities Corporation (MBS, HNX) closed the ex-right trading date on August 13, at a rate of 25%.
Hung Hau Agriculture JSC (SJ1, HNX) closed the ex-right trading date on August 14, at a rate of 100%.
Bao Viet Commercial Joint Stock Bank (BVB, UPCoM) set the ex-right trading date as August 15, at a rate of 10%.
3 companies pay combined dividends :
An Giang Centrifugal Concrete Joint Stock Company (ACE, UPCoM) pays combined cash dividends (updated in the table).
Rox Key Holdings JSC (TN1, HOSE) pays a combined dividend: cash and shares. With the form of shares, TN1 closes the ex-rights trading date on August 16, the rate is 10%.
Phuong Dong Viet Transport and Logistics Joint Stock Company (PDV, UPCoM) pays a combined dividend: cash and exercising the right to buy. With the form of exercising the right to buy, CNT sets the ex-right trading date as August 16, the rate is 53.4%.
Cash dividend payment schedule this week
*Ex-right date: is the transaction date on which the buyer, upon establishing ownership of shares, will not enjoy related rights such as the right to receive dividends, the right to purchase additional issued shares, but will still enjoy the right to attend the shareholders' meeting.
| Code | Floor | GDKHQ Day | Date TH | Proportion |
|---|---|---|---|---|
| TV1 | UPCOM | 12/8 | 8/29 | 5% |
| BRS | UPCOM | 12/8 | 8/29 | 14% |
| TQW | UPCOM | 12/8 | 8/29 | 6.4% |
| SB1 | UPCOM | 12/8 | 10/9 | 5% |
| MH3 | UPCOM | 13/8 | 30/8 | 9% |
| D17 | UPCOM | 13/8 | 8/28 | 20% |
| EMS | UPCOM | 14/8 | 12/9 | 10% |
| BCF | HNX | 14/8 | 9/26 | 8% |
| KSV | HNX | 14/8 | 5/9 | 5% |
| ACE | UPCOM | 14/8 | 20/9 | 15% (phase 1/2022) |
| ACE | UPCOM | 14/8 | 10/22 | 10% (phase 2/2022) |
| PMB | HNX | 14/8 | 10/9 | 8% |
| NTW | UPCOM | 14/8 | 16/9 | 10% |
| ICT | HOSE | 14/8 | 8/28 | 5% |
| DTH | UPCOM | 14/8 | 4/9 | 3% |
| KTL | UPCOM | 14/8 | 8/28 | 5.5% |
| ADS | HOSE | 14/8 | 8/28 | 10% |
| SC5 | HOSE | 15/8 | 8/29 | 3% |
| SEB | HNX | 15/8 | 8/29 | 6% |
| BHN | HOSE | 15/8 | 10/15 | 15% |
| IST | UPCOM | 15/8 | August 30 | 23% |
| VCI | HOSE | 15/8 | August 30 | 4% |
| KCE | UPCOM | 16/8 | 16/9 | 10% |
| FT1 | UPCOM | 16/8 | 18/9 | 37% |
| TN1 | HOSE | 16/8 | 10/9 | 5% |
| QNW | UPCOM | 16/8 | 9/9 | 4% |
| A32 | UPCOM | 16/8 | 6/9 | 25% |
| PDV | UPCOM | 16/8 | 8/29 | 10% |
| TNG | HNX | 16/8 | August 30 | 4% |
| BDG | UPCOM | 16/8 | 9/9 | 25% |
| RAL | HOSE | 16/8 | 8/28 | 25% |
Source: https://phunuvietnam.vn/chung-khoan-tuan-tu-ngay-12-16-8-vn-index-tiep-tuc-phuc-hoi-nhung-con-thieu-dong-luc-de-cat-chuoi-dieu-chinh-20240812080341261.htm
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