DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

Market commentary: Large caps suddenly plummeted in the afternoon session, VN-INDEX ended a 10-day rising streak to record losses. Vietnam stock market could not maintain its upward momentum from yesterday but the VN-INDEX managed to stay above the 890-pt level. Following the impressive rally yesterday, VN-INDEX edged up shortly after the opening bell and surged dramatically to the intraday peak of 898.1pts. However, the market gradually lost steam when profit-taking activities suddenly overwhelmed in the late morning session, pulling VN-INDEX down below the reference level. Specifically, Oil & Gas tickers witnessed a disappointing trading day, of which PLX was today’s largest laggard and alone wiped 0.8pts off the index while GAS and PVD decreased by 0.6% and 2.5% respectively. Only a few market pillar stocks, especially in Real Estate and Industrials sectors such as VIC, VRE, ROS and KDH managed to overcome the sell-off wave and prevented the index from falling deeper. Notably, VRE was the most traded stock today and rose by 1.4% despite the strong net-selling forces of foreign investors. At the end, VN-INDEX landed at 890.7pts (-0.2%) with 109 gainers, 167 losers and 66 unchanged. The HNX-INDEX successfully recovered in the late session and ended at 108.3pts (+0.02%) with 75 advancers, 98 decliners and 207 unchanged.

All sectors suffered losses today, led by Energy (-2.5%), Consumer Discretionary (-0.9%), Health Care (-0.9%) while only Real Estate (+1.4%) advanced. Top index movers included VIC (+2.2%), VRE (+1.4%), ROS (+0.9%), KDH (+6.7%) and MBB (+1.3%). Top index laggards consisted of PLX (-2.8%), CTG (-1.9%), MSN (-1.7%), VCB (-0.7%) and GAS (-0.6%). Top 3 major put-through transactions were VNM with 3.2mn shares (VND602.6bn), NVL with 1.4mn shares (VND88.4bn) and SAS with 3.0mn shares (VND70.8bn).

Foreigners net sold on both exchanges worth VND231.7bn. They mainly bought VNM (VND685.1bn), VRE (VND233.5bn) and FPT (VND53.3bn) and sold VNM (VND629.3), VRE (VND464.8bn) and VIC (VND92.0bn).

Snapshot HOSE HNX

Close (pts) 890.7 108.3

1 Day change (%) -0.24 0.02

Volume (mn shs) 188.5 58.9

Value (US$mn) 236.0 33.0

Gainers 109 75

Losers 167 98

Unchanged 66 207

Commodities & Currencies Close %chg

Gold(USD/Oz) 1,282 0.27

WTI Oil ($/B) 1Mth 55.46 0.58

Brent Oil ($/B) 1Mth 61.44 0.13

USDVND 22,712 0.02

EURVND 26,931 -0.21

Source: Bloomberg

886.5888.3890.1891.9893.7895.5897.3

VN-INDEX

107.3107.6107.9108.2108.5108.8109.1

HNX-INDEX

Sectors Price Index P/E P/B Country Close 1D chg P/E P/B Market cap

(VNIndex) 1D chg Wgt x x Peering Points % x x US$bn

Consumer Discretionary -0.89% 0.99 20.86 5.43 China 4,120.9 0.39% 17.01 2.08 4,430

Consumer Staples -0.28% 7.56 32.06 9.22 India 10,303.1 0.86% 23.32 3.04 1,136

Energy -2.53% 2.56 14.74 2.94 Indonesia 6,051.7 0.23% 22.10 2.50 496

Financials -0.48% 3.52 17.44 2.09 Laos 1,024.2 0.00% 13.02 0.87 1

Health Care -0.88% 0.32 21.36 4 Malaysia 1,721.7 0.21% 16.11 1.77 250

Industrials -0.16% 1.69 65.33 8.55 Philippines 8,311.1 1.28% 22.62 2.45 195

IT -0.73% 1.13 13.34 2.64 Taiwan 10,701.6 0.72% 15.86 1.78 1,048

Materials -0.54% 1.19 8.89 1.72 Thailand 1,709.2 1.06% 17.94 2.03 508

Real Estate 1.43% 4.92 38.55 4.6

Utilities -0.75% 5.05 15.98 3.35 Vietnam 890.7 -0.24% 17.50 2.55 105

17-NovSource: Bloomberg Source: Bloomberg

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

Market News

Oil is heading for the first weekly decline since the start of October after the International

Energy Agency trimmed demand estimates and as U.S. crude production continued its record

run. Futures rose 0.4% in New York, trimming the weekly decline to 2.4%. This year’s price

recovery along with milder-than-normal winter weather is putting a brake on demand growth,

the IEA said Tuesday in its monthly report. U.S. crude output gained for a fourth week to the

highest in more than three decades, according to government data on Wednesday. Oil has eased

after reaching a two-year high on signs the Organization of Petroleum Exporting Countries and its

allies will extend supply cuts past the end of March. With all eyes on an OPEC meeting later this

month, the outcome of the gathering has become uncertain as Russia is said to be hesitant to

commit to a decision so soon, while Saudi Arabia pushes for longer curbs. (Bloomberg)

Vietnam pangasius exports to Brazil doubled in 9M2017. According to International Trade

Center, through Sep 2017, Vietnam surpassed Argentina to become the largest supplier of

whitefish to Brazil, with total white fish exports value recorded at US$125.6mn. Through Oct 15,

2017 total pangasius export value to Brazil reached US$79.6mn (+66.2 YoY). Brazil is among the

fastest growing export markets for Vietnam pangasius, with the highest YoY growth rate as of

Sep 2017 (+103.3% YoY) (Vinhhoan.com)

Coverage Universe Updates

Daklak Rubber Investment JSC (DRI VN): Update - ADD (Upside +51.3%)

We maintain our ADD rating for DRI given its attractive valuation and improving tapping

volume and yields. However, we lower our target price by 17% as DRI’s potential corporate tax

obligation has led us to haircut our forecasted earnings. A planned listing on HOSE next year

could be a positive price catalyst.

Conservative forecast on FY2018 output. DRI plans to expand tapping area by 546 ha and

improve tapping yields on the existing tapping area as the rubber trees are approaching the

ideal tapping age (10-14th tapping year). However, our base case estimate for 2018 output is

still 6% below the expected 2017 level as 2017 output so far has been unusually robust due

to supportive weather conditions.

Higher corporate tax obligation implies a 16-17% haircut to our 2017 and 2018 earnings

forecast. To reflect the possible increased in taxes imposed by the government on future

earnings, we change our tax expense calculation to the higher of 1.0% on sales (per Laos tax

regulation) or 15% on EBT (per Vietnam tax regulation) across our forecast horizon. It is

estimated that this will reduce our FY2017 and FY2018 EAT by VND23billion each.

Slow earnings growth in 2018 but stronger growth expected in 2019 – We estimate that

DRI’s 2018 ASP could increase by 5% from 2017 year-end level to VND35.2mn/tonne

(+2%YoY). We also back-out the estimated disposal loss of VND35bn from the cashew nut

plantation since DRI intends to keep the asset over the long-term. Accordingly, FY2018 EAT

could be reported at VND142bn (+1.7% YoY) after accounting for the higher tax expense. In

FY2019, 11% volume growth and 10% ASP growth should drive EAT growth of 33%.

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

We reduce our target price by 17% to VND17,700/share mainly due to the expected

increase in the future tax burden. Nevertheless, the current cheap valuation (2017F PER of

5.9x) and the earnings recovery expected in 2019 convinces us to maintain an ADD rating on

the stock. We also believe that market sentiment on the stock will improve post listing on

the HOSE main bourse next year.

Read the full report: HERE

Notable Corporate Events

Superdong Fast Ferry Kien Giang JSC (SKG VN) - shareholder’s activity: Kaibuok Shipyard (M)

SDN. BHD - which relates to BoD member cum CEO Puan Kwong Siing and BoD member Puan

Chiong - has registered to buy 600,000 NKG shares (1.25%) from Nov 21 to Dec 20 via order-

matching and put-through methods. For further information, the organization currently does not

own any stake in SKG. (Hsx.vn)

Imexpharm Corporation (IMP VN) - dividend payment: Nov 28 and Nov 29 will be the ex-date

and record date, respectively, for receiving 2017 cash dividend of VND500/share (est. 2017

dividend yield of 0.71%). The payment will be made on Dec 19. (Hsx.vn)

Nam Long Investment Corporation (NLG VN) - shareholders’ activities: Nam Viet LTD sold

1,070,950 NLG shares on Nov 10, thereby reducing its stake from 8,151,300 shares (5.18%) to

7,080,350 shares (4.5%). In addition, NLG’s Chairman Nguyen Xuan Quang bought 1mn shares

from 20 Oct to 18 Nov via order-matching and put-through methods, therefore increasing his

stake from 14.9% to 15.5% (24,418,923 shares). Besides, Vice Chairman Tran Thanh Phong has

registered to sell 1mn NLG shares via put-through method from Nov 22 to Dec 21, knowing that

he currently owns 9,608,409 shares (6.11%). (Hsx.vn)

Viet Nam Construction and Import - Export JSC (VCG VN) – business activity and shareholder’s

activity: For period 2017-2022, the company sets its business plan with growth rate of 10-15%.

Particularly, in 2018, Splendora An Khanh project is expected to contribute VND1,200bn to total

revenue and VND200bn to profit. Accordingly, the company projects 2018 revenue of

VND2,000bn and profit of VND500bn. Besides, State Capital Investment Corporation has

registered to sell 96.25mn VCG shares (21.79%) via auction on Dec 08. If successful, the

organization will reduce its stake from 57.79% to 36%. (Cafef.vn)

<to be continued>

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

COVERAGE SUMMARY

Ticker Adjusted price

Adjusted target price

Upside Recom-endation

Investment thesis summary/Update Latest report

PC1 36,100 42,100 16.6% ADD Positive outlook for 2018 with surge in revenue thanks to: (1) New contribution from My Dinh Plaza II and (2) commissioning of two new hydropower plants in Q4, 2017.

HBC 52,200 71,600 37.2% ADD 1. Large contract back-log to drive double-digit growth until 2019 2. Balance sheet to improve after planned private placement of 18mn shares (14%).

LPB 13,000 17,200 32.3% ADD

1. Unique distribution advantage with more than 1000 PTOs across country. Will be able to maintain strong credit growth thanks to good capital buffer (CAR ~13%) and strong liquidity (LDR ~80%). 2. FY17 YE P/B of 1.0x, cheap relative to peers.

Link

VHC 48,500 68,000 40.2% ADD 1. Manufacturing capacity will increase by 40% by 2018 2. The largest market, US, will probably regain its growth momentum into next year 3. Input price could decrease and become more stable in 2018

Link

TDH 13,300 15,900 19.5% ADD

CTD 231,000 249,028 7.8% HOLD

1. Leading firm in construction sector with blue-chip client base. 2. Revenue from new contracts will ensure growth for the next two years. Projected revenue and earnings growth of 43.9% and 39.8%, respectively in 2017. 3. Rising contribution of design and build (D & B) projects to touch 50% of total revenue should lift blended margins. D&B contracts’ average GM of 10% and traditional contract of 6-7%. D&B’s

Link

DCM 12,350 16,200 31.2% ADD

1. Recovery in ASP (+6% in 2017 from low level in '16) and volume (+9% in 2017, supported by exporting activities), driven by recovery in agriculture sector and global urea price cycle. 2. Gas price subsidy from PVN until the end of 2018 (guaranteeing ROE at minimum 12%), preferential income tax rate of 5% 3. Possible change in VAT policy could reduce COGS and improve margins by 2-3% pts. 4. PVN plans to divest 24.6% stake by 2018 which will add to free-float.

PTB 131,600 133,400 1.4% HOLD

Link

VJC 120,500 147,000 22.0% ADD

1. VJC maintained strong Q3 transport and ancillary revenue growth of 34.4% YoY to touch VND6,185bn. 2. Delays in aircraft deliveries proved management’s operational mettle, pushing operational efficiency to new heights. 3. 2018 core net profit could touch VND6,574bn (+92.4% YoY)

Link

NLG 27,950 31,850 14.0% HOLD

1. NLG is well aligned with the new property market orientation. NLG focuses on durable-demand products (affordable and social apartments and landed properties). 2. FY2017 net revenue is forecasted at VND3,454 billion (+36.3% yoy) and NPATMI at VND544 billion (+58% yoy). For 2018, revaluation of Hoang Nam project will secure strong EAT growth. However, the share price is reasonable this year. 3. Upside for the stock will come in 2018 as major projects are going to be executed.

Link

IMP 70,000 70,600 0.9% HOLD

Link

PNJ 116,200 113,500 -2.3% HOLD 1. Largest jewelry retailer with rapid retail footprint expansion 2. Robust SSSG in 2017 (25%) and target SSSG FY18 of 12%. 3. FY17 EAT is forecasted to grow by 77.8%, 44% for FY18.

Link

ACV 82,400 83,700 1.6% HOLD

1. Passenger throughput could grow at more than 15% in the next few years 2. Domestic passenger fees will increase by 22.7% yoy in 2018, FY18 EAT to touch VND5,072b (+46.5%) 3. 2018 EV/EBITDA 11.9x, below peers average of 15x

Link

BFC 37,650 43,338 15.1% ADD

1. Leading NPK producer in terms of capacity (current 925k tons, could add 200k tons more in the North) and market share (15-16%) 2. Long-term growth from expansion strategy to Northern Vietnam (+20%/year in volumes) and overseas market (Cambodia)

VNR 23,000 25,443 10.6% HOLD

TCM 24,850 31,082 25.1% ADD

Link

DRI 11,700 17,700 51.3% ADD

1. Conservative forecast on FY2018 output. 2. Higher corporate tax obligation implies a 16-17% haircut to our 2017 and 2018 earnings forecast. 3. Slow earnings growth in 2018 but stronger growth expected in 2019 4. We reduce our target price by 17% to VND17,700/share mainly due to the expected increase in the future tax burden.

Link

DPM 21,000 24,519 16.8% ADD

1. Gross margin fluctuates following movement in oil prices, 1H17 performance hurt by the sharp increase in oil/gas input price 2. NH3-NPK expansion projects will contribute to revenue and profit starting from 2018 (expected VND1.2-2trl in revenue and VND150-300bn in profit) 3. DPM would benefit the most in case a change in VAT policy is approved (gross margin +3-4% pts.) 4. PVN plans to divest 8.6% stake by 2018

Link

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

Ticker Adjusted price

Adjusted target price

Upside Recom-endation

Investment thesis summary/Update Latest report

NVL 60,800 69,500 14.3% HOLD

Link

QNS 60,200 95,006 57.8% ADD

1. QNS is a dominant producer of soy milk with 85% market share in the packaged segment. 2. One of the most profitable F&B companies in term of ROE (FY16 ~43.3%) and ROA (FY16 ~25%). 3. - Manufacturing capacity addition is the next engine for growth: an increase by 30% of soymilk capacity and 50% of sugar refine capacity 4. Current PE TTM is 9.7x, relatively attractive vs peers.

Link

SBV 45,650 56,052 22.8% ADD

1. SBV is the leading company in the marine rope and cordages niche market and has a great brand which gives it pricing power. 2. Fishermen are shifting to offshore fishing, thereby boosting demand for higher quality rope products which SBV specializes in. 3. A 40% jump in manufacturing capacity starting in 4Q will ease capacity constraints and lay the foundation for continued growth.

Link

CTG 20,600 20,700 0.5% HOLD ACB 33,100 29,800 -10.0% HOLD

DPR 39,650 51,900 30.9% ADD

1. ASP will stay at high levels in 4Q 2017 and FY2018. 2. Surge in 2018 disposal earnings given spike in 9M 2017 rubber wood price. 3. Tapping volume rise and disposals to drive FY2018 EAT growth

Link

LTG 45,700 66,270 45.0% ADD

1. All segments apart from CPC grew in 3Q 2. CPC segment’s 22% YoY drop in sales 3Q was an aberration. 3. Booming rice exports to China and Philippines should boost Agrifood sales. 4. For 2017, we raise our net sales forecast by 7.6% but lower our net profit forecast by 8.7% as a result of a 0.8bps decrease in our forecasted gross margin. 5. For 2018, we expect a 7.1% growth in top line to touch VND8,781bn and a 18.4% growth in bottom line to touch VND517bn.

Link

VCB 44,400 43,100 -2.9% HOLD

MBB 23,600 27,700 17.4% ADD

1. Continued push into retail lending paid off with a large expansion in net interest margin (NIM). 2. Sound performance in 9M2017 accelerated bad debt provisioning. 3. High profit growth forecasted for 2018 and 2019 as MBB reaches the end of the current provisioning cycle. 4. Healthy capital and loan-to-deposit position ensure high loan growth in the coming years.

Link

VSC 49,000 69,000 40.8% ADD

1. 9M2017 revenue reached VND959bn (+21.9% YoY) and net profit touched VND190bn (+0.4% YoY). 2. VSC will boost VGP capacity by a third to 800,000 TEU by 2019 through the additional of a new quay crane and a back-end logistics center which is 75% complete at the moment. 3. 2018 net profit expected to soar to VND360bn (+34.8% YoY). 4. Valuation is attractive due to the foreign investors’ sell off over the last few weeks. VSC is currently trading at 12M EV/EBITDA 5.6x, well below the peer average of 6.7x.

Link

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

MARKET MOVEMENTS

HOSETop gainers VND Top gainers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

TIX 32,100 2,100 7.0 200 0.021 TDN 4,400 400 10.0 900 0.000

AMD 7,660 500 7.0 1.88MLN 0.012 VE1 9,900 900 10.0 12,300 0.000

CMT 12,300 800 7.0 1,650 0.002 HKT 3,400 300 9.7 98,700 0.000

AGR 5,280 340 6.9 806,660 0.027 PPY 17,000 1,500 9.7 100 0.000

VHG 1,400 90 6.9 2.49MLN 0.005 VMS 9,200 800 9.5 3,200 0.000

Top losers VND Top losers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

RIC 7,440 -560 -7.0 20 -0.006 KHL 600 -100 -14.3 160,100 0.000

LAF 12,650 -950 -7.0 2,740 -0.005 OCH 7,200 -800 -10.0 200 0.000

EMC 15,350 -1,150 -7.0 19,690 -0.005 MLS 11,000 -1,200 -9.8 500 0.000

HTT 5,950 -440 -6.9 3.18MLN -0.003 MEC 2,800 -300 -9.7 7,600 0.000

TCR 3,330 -240 -6.7 8,840 -0.001 SJ1 14,500 -1,500 -9.4 3,000 0.000

Top index movers VND Top index movers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

VIC 71,400 1,500 2.2 1.57MLN 1.487 SHB 8,100 200 2.5 18.79MLN 0.196

VRE 44,600 600 1.4 10.74MLN 0.429 PVS 16,600 200 1.2 5.59MLN 0.050

ROS 182,000 1,600 0.9 1.03MLN 0.284 HUT 10,900 200 1.9 625,300 0.040

KDH 28,700 1,800 6.7 551,780 0.227 API 31,800 1,800 6.0 500 0.033

MBB 23,600 300 1.3 5.47MLN 0.205 NVB 7,000 100 1.5 119,200 0.032

Top index laggers VND Top index laggers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

PLX 55,600 -1,600 -2.8 486,410 -0.778 VCS 226,000 -6,600 -2.8 191,100 -0.150

CTG 20,600 -400 -1.9 3.12MLN -0.560 OCH 7,200 -800 -10.0 200 -0.082

MSN 58,000 -1,000 -1.7 542,720 -0.435 VCG 25,200 -400 -1.6 4.72MLN -0.050

VCB 44,400 -300 -0.7 2.06MLN -0.406 DHT 71,200 -2,800 -3.8 31,900 -0.028

GAS 79,400 -500 -0.6 621,920 -0.360 SHS 18,100 -200 -1.1 2.01MLN -0.019

Top active volume VND Top active volume VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

VRE 44,600 600 1.4 10.74MLN 0.429 SHB 8,100 200 2.5 18.79MLN 0.000

FLC 6,260 30 0.5 9.13MLN 0.007 PVS 16,600 200 1.2 5.59MLN 0.000

HQC 2,600 -10 -0.4 5.93MLN -0.002 VCG 25,200 -400 -1.6 4.72MLN 0.000

MBB 23,600 300 1.3 5.47MLN 0.205 CEO 10,600 200 1.9 3.56MLN 0.000

OGC 2,060 130 6.7 4.33MLN 0.015 KLF 3,500 0 0.0 3.43MLN 0.000

17-Nov

HNX

Source: Bloomberg

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

FOREIGN ACTIVITIES

Volume (Mn'shs) HOSE d/d HNX d/d Value (VND'bn) HOSE d/d HNX d/d

BUY 21.7 -27.8% 0.3 -71.7% BUY 1,390.9 -49.7% 8.2 -53.7%

% of market 11.6% 0.6% % of market 26.3% 1.1%

SELL 28.1 -1.2% 0.7 -77.5% SELL 1,619.7 -34.2% 11.0 -79.9%

% of market 15.1% 1.2% % of market 30.6% 1.5%

NET BUY (SELL) (6.46) (0.4) NET BUY (SELL) (228.8) (2.8)Source: HSX, HNX

(1,000)

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Foreign net buy/sell (30 days) in VND'bn

HOSE HNX

2017 ACCUMULATION

Volume (Mln'shs) HOSE % of 2016 HNX % of 2016 Value (VND'bn) HOSE % of 2016 HNX % of 2016

BUY 3,001.2 121.9% 353.9 89.7% BUY 137,712.5 150.9% 7,329.7 117.7%

% of market 7.3% 3.0% % of market 15.8% 5.5%

SELL 2,807.2 105.1% 369.0 112.4% SELL 115,714.1 116.9% 7,912.0 155.5%

% of market 6.8% 3.1% % of market 13.3% 6.0%

NET BUY (SELL) 194.0 (15.1) NET BUY (SELL) 21,998 (582.3)Source: HSX, HNX

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

FOREIGN ACTIVITIES

Top buy by foreigners (value) VND'bn Top buy by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VNM 183,200 0 0.00 685.1 0.000 VCG 25,200 -400 -1.56 1.4 0.000

VRE 44,600 600 1.36 233.5 0.429 MAS 89,600 0 0.00 1.4 0.000

FPT 56,700 -300 -0.53 53.3 -0.060 VNR 23,000 0 0.00 1.1 0.000

VCB 44,400 -300 -0.67 50.9 -0.406 PVS 16,400 200 2.50 0.5 0.000

NLG 27,950 -50 -0.18 39.5 -0.003 DGC 32,000 -200 -0.62 0.4 0.000

Top sell by foreigners (value) VND'bn Top sell by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VNM 183,200 0 0.00 629.3 0.000 VGC 23,000 -100 -0.43 3.0 0.000

VRE 44,600 600 1.36 464.8 0.429 PVS 16,400 200 2.50 1.9 0.000

VIC 71,400 1,500 2.15 92.0 1.487 VNR 23,000 0 0.00 1.8 0.000

FPT 56,700 -300 -0.53 53.8 -0.060 PHP 12,100 -500 -3.97 1.2 0.000

MSN 58,000 -1,000 -1.69 49.7 -0.435 VCG 25,200 -400 -1.56 0.7 0.000

Top net buy by foreigners (value) VND'bn Top net buy by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VNM 183,200 0 0.00 55.8 0.000 MAS 89,600 0 0.00 1.4 0.000

VCB 44,400 -300 -0.67 34.2 -0.406 VCG 25,200 -400 -1.56 0.7 0.000

PC1 36,100 400 1.12 11.6 0.017 DGC 32,000 -200 -0.62 0.4 0.000

VJC 120,500 0 0.00 11.2 0.000 WCS 165,000 0 0.00 0.4 0.000

HPG 38,200 -450 -1.16 11.1 -0.257 CTP 16,700 -100 -0.60 0.2 0.000

Top net sell by foreigners (value) VND'bn Top net sell by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VRE 44,600 600 1.36 -231.3 0.429 VGC 23,000 -100 -0.43 -2.93 0.000

VIC 71,400 1,500 2.15 -62.0 1.487 PVS 16,400 200 2.50 -1.37 0.000

SBT 21,350 -50 -0.23 -32.9 -0.010 PHP 12,100 -500 -3.97 -1.21 0.000

MSN 58,000 -1,000 -1.69 -17.6 -0.435 VNR 23,000 0 0.00 -0.60 0.000

BVH 52,500 300 0.57 -14.6 0.077 DHT 71,200 -2,800 -3.78 -0.20 0.000

HOSE HNX

Source: Bloomberg, HOSE, HNX

DAILY MARKET RECAP 17 November 2017

Bloomberg: VNDS

TOP 60 MARKET CAP STOCKS SNAPSHOT ON HOSE No. Ticker Price Mkt. Cap Outs. Vol. Float ratio Avail. FII Ave. daily vol. P/E P/B ROE ROA

VND 1M 3M 6M US$mln Mln'shs % % (30 days-shs) x x % %

1 VNM VM 183,200 22.9 23.1 24.6 11,707 1,451 57.9 43.7 1,229,430 28.5 11.1 41.9 35.0

2 VIC VM 71,400 29.1 67.0 72.9 8,292 2,638 51.6 18.9 1,355,431 55.6 6.3 10.5 1.5

3 SAB VM 280,000 0.4 10.7 48.4 7,906 641 10.4 39.1 37,695 40.7 12.1 31.7 20.3

4 VCB VM 44,400 8.3 19.0 22.7 7,033 3,598 22.9 9.3 2,197,075 23.0 3.0 13.7 1.0

5 GAS VM 79,400 14.4 30.2 46.0 6,689 1,913 4.2 45.7 659,412 17.2 3.8 22.4 15.1

6 ROS VM 182,000 57.6 95.7 24.7 3,790 473 27.0 47.3 1,559,572 176.2 17.6 11.7 7.4

7 VRE VM 44,600 N/A N/A N/A 3,733 1,901 100.0 21.0 N/A 21.4 3.6 17.6 6.9

8 BID VM 24,050 11.9 25.3 44.0 3,620 3,419 4.4 27.7 2,286,995 14.3 1.9 13.0 0.6

9 CTG VM 20,600 6.2 11.1 16.1 3,377 3,723 15.8 0.0 2,007,564 10.2 1.2 12.2 0.8

10 MSN VM 58,000 3.2 29.2 33.3 2,932 1,148 43.9 20.9 752,113 30.5 3.5 12.4 3.1

11 PLX VM 55,600 -10.3 -15.5 9.0 2,837 1,159 100.0 10.9 332,454 14.9 3.3 22.8 7.7

12 VPB VM 39,500 -4.1 1.3 N/A 2,604 1,497 89.9 N/A 1,237,693 8.8 1.9 25.4 1.9

13 HPG VM 38,200 -2.1 13.5 40.5 2,551 1,517 58.9 9.3 3,592,623 7.1 1.9 31.5 19.7

14 VJC VM 120,500 8.6 37.6 31.8 2,395 451 64.7 4.3 1,049,639 19.3 11.2 68.7 14.3

15 MBB VM 23,600 0.6 12.4 49.7 1,886 1,816 49.7 0.0 4,404,045 11.1 1.6 14.8 1.4

16 MWG VM 134,000 5.0 26.9 48.9 1,814 308 73.1 N/A 721,905 20.7 7.9 45.6 14.8

17 NVL VM 60,800 -3.6 -1.8 -10.3 1,667 623 29.5 40.4 1,520,049 17.9 4.0 23.1 5.3

18 BVH VM 52,500 -5.7 -6.6 -8.7 1,573 680 29.1 24.6 296,594 27.4 2.6 10.7 1.9

19 FPT VM 56,700 10.1 19.6 36.4 1,325 531 70.7 0.0 1,703,406 13.8 2.8 22.0 7.7

20 BHN VM 120,000 2.1 50.8 48.0 1,225 232 100.0 31.5 23,996 37.1 4.9 13.8 8.0

21 STB VM 11,750 2.6 -0.8 -6.0 933 1,804 94.6 15.5 2,209,964 31.0 0.9 3.0 0.2

22 CTD VM 231,000 8.8 10.0 13.6 778 77 89.0 1.6 120,509 11.3 2.6 28.2 14.6

23 EIB VM 11,600 0.9 2.7 5.5 628 1,229 75.6 0.2 175,227 27.2 1.0 3.9 0.4

24 DHG VM 100,000 -11.5 -9.9 0.7 576 131 31.8 0.3 247,955 20.7 4.6 23.2 19.4

25 PNJ VM 116,200 5.2 11.5 26.2 553 108 64.5 0.0 302,762 18.7 4.6 28.9 16.4

26 SSI VM 24,500 -1.2 -0.4 1.7 528 490 57.0 48.0 2,831,082 13.2 1.4 11.2 5.8

27 GMD VM 41,500 -6.3 0.5 4.8 527 288 59.6 N/A 631,412 22.0 1.9 7.0 4.1

28 SBT VM 21,350 -9.3 -26.1 -15.8 524 557 72.0 39.9 1,941,888 16.3 1.7 6.4 2.7

29 REE VM 34,800 -0.9 0.0 11.9 475 310 48.3 0.0 1,086,580 6.6 1.4 23.1 13.9

30 KDH VM 28,700 12.3 16.2 16.6 425 336 56.4 1.0 158,384 16.1 2.5 12.9 5.5

31 NT2 VM 30,800 7.5 14.1 2.8 390 288 27.9 27.5 466,280 13.1 1.9 14.4 6.7

32 VCI VM 71,500 10.3 19.2 N/A 378 120 91.6 13.4 110,172 18.6 6.2 31.9 12.1

33 HSG VM 23,600 -14.8 -16.9 -14.7 364 350 51.5 23.4 3,383,488 6.1 1.6 28.6 7.9

34 DPM VM 21,000 -5.8 -10.3 -11.9 362 391 35.2 27.7 440,831 12.3 1.0 8.8 7.2

35 CII VM 32,500 -7.7 -9.0 -19.6 352 246 62.8 12.5 1,391,365 5.3 1.6 36.0 10.3

36 KDC VM 37,800 -1.2 -7.6 -7.4 342 206 49.8 39.9 325,116 13.8 1.2 9.2 6.0

37 PDR VM 34,300 9.6 23.8 40.8 335 222 38.3 47.7 1,404,599 18.8 2.9 16.3 4.3

38 HAG VM 7,810 -5.8 -7.0 -12.8 319 927 61.3 37.0 3,012,730 12.5 0.5 3.9 1.0

39 BMP VM 87,000 14.2 5.6 -14.4 314 82 61.8 55.4 476,013 16.3 2.9 18.3 15.5

40 HNG VM 9,070 -4.3 -2.6 -21.8 306 767 35.1 48.0 828,720 8.9 0.7 7.6 2.5

41 PPC VM 21,450 -0.9 8.6 6.7 303 321 15.7 32.2 204,794 4.2 1.2 32.1 18.1

42 HBC VM 52,200 -17.9 -3.9 18.0 298 130 70.6 25.4 1,865,059 7.8 3.3 51.1 7.1

43 PVD VM 17,400 19.2 14.5 8.8 293 383 48.1 28.7 3,424,965 N/A 0.5 -1.4 -0.8

44 TCH VM 18,200 10.3 11.7 -19.1 291 363 52.5 48.5 1,572,791 13.2 1.5 16.6 15.1

45 DCM VM 12,350 -9.5 -11.2 -16.0 288 529 24.4 46.4 1,370,470 8.2 1.1 13.3 6.6

46 KBC VM 13,200 0.0 -6.4 -18.8 273 470 75.2 23.2 2,778,221 10.7 0.7 7.3 3.9

47 HCM VM 45,200 3.9 13.0 27.0 258 130 38.0 44.4 402,881 13.1 2.2 17.8 10.6

48 DXG VM 18,500 -7.5 1.7 -5.2 247 303 71.8 18.0 3,491,907 6.4 1.6 32.6 12.9

49 VCF VM 210,000 5.0 8.8 16.7 246 27 30.7 19.3 660 14.4 2.4 18.3 12.9

50 HT1 VM 14,400 -2.0 -18.6 -27.6 242 382 20.0 43.4 290,329 11.0 1.1 10.0 4.3

51 PME VM 82,600 N/A N/A N/A 237 65 100.0 0.0 N/A N/A N/A N/A N/A

52 TRA VM 121,300 5.5 1.2 12.3 221 41 68.3 0.0 38,572 22.7 4.8 22.4 16.5

53 TLG VM 98,000 3.2 -6.1 21.3 218 51 26.7 70.8 2,843 20.5 4.6 23.6 18.0

54 NKG VM 38,000 7.2 21.6 27.1 218 130 43.9 61.4 601,487 5.9 1.8 38.7 9.3

55 PVT VM 17,150 18.3 21.6 31.4 213 281 48.9 18.6 252,729 13.7 1.4 10.1 4.0

56 VHC VM 48,500 -3.0 -3.0 -6.7 197 92 25.1 61.9 73,335 8.3 1.6 20.8 11.2

57 NLG VM 27,950 0.9 -4.1 7.5 193 157 56.6 4.2 653,929 8.3 1.6 20.3 8.0

58 DMC VM 125,000 17.2 7.4 19.0 191 35 46.3 36.9 3,662 21.8 4.5 22.1 18.8

59 PC1 VM 36,100 6.8 1.1 11.7 184 115 72.0 4.5 129,946 10.4 1.8 18.7 7.8

60 LGC VM 21,000 -10.6 -1.6 -9.7 178 193 N/A 4.0 1,037 26.1 1.7 6.3 1.8

Price change (%)

Source: Bloomberg 17-Nov

DAILY MARKET RECAP 17 November 2017

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