VN-Index trades less actively, Vietnam Airlines plans to resume flights for Pacific Airlines, Dividend payment schedule, Hoa Binh Construction forecasts continued losses this year,...
Looking back at a lackluster week in the stock market
VN-Index traded in a low range last week after adjusting to the support zone of 1,270 points. At the end of the week, VN-Index increased slightly by 2.1 points (+0.2%), this was a week with trading volume lower than average.
Regarding cash flow, the differentiation continues to be very strong, the midcap and penny groups (small and medium-sized company stocks) are still being abandoned by cash flow and are mainly concentrated in the large-cap group in the VN30 basket and on the UPCoM floor.
On the UPCoM floor alone, the index increased by 2.8% compared to the previous week, liquidity continued to increase and the index also surpassed its peak in September 2023. In the context of the VN-Index moving sideways at a low amplitude, cash flow has sought the UPCoM market, where the amplitude is high and there are many stories to attract investors' attention.
Stocks on UPCoM floor performed positively last week
The net selling trend of foreign investors and domestic organizations has not stopped since the beginning of the year and the net buyers are mainly individual investors.
In summary of the week on the HOSE floor, domestic individual investors net bought 5,974.5 billion VND, in which, notably FPT (FPT, HOSE) reached 1,570.8 billion VND, VND (VNDirect Securities, HOSE) was 376.8 billion VND,...
Foreign investors continued to net sell more than 4,858 billion, mainly FPT (FPT, HOSE) at 1,127 billion VND, VND (VNDirect Securities, HOSE) at 378.4 billion VND, VRE (Vincom Retail, HOSE) at 341.7 billion VND and HPG ( Hoa Phat Steel, HOSE) at 399.3 billion VND.
VN-Index, although having a trading week that was not too strong compared to the previous week, only closed at an average level and the fluctuation range was narrower compared to the recent period.
Hoa Binh Construction is forecast to continue to lose money this year.
VCBS Securities has released a forecast report for Hoa Binh Construction Group Corporation (HBC, HOSE). Accordingly, although the company has actively accelerated the debt collection process, the collection speed is still relatively slow. This poses a significant risk to the company's business results in case the receivables continue to become bad debts and the company has to make provisions.
As a result, in 2024, VCBS forecasts that HBC will earn VND9,195 billion (up 22% YoY) in revenue, with pre-tax profit continuing to be at a loss of VND480 billion. Only in 2025 will HBC have the opportunity to return to profit with VND39 billion, with revenue reaching VND11,027 billion (up 19.9% YoY).
Vietnam Airlines shares "take off" after Shareholders' Meeting
HVN "flew high" last week (Photo: SSI iBoard)
HVN shares of Vietnam Airlines Corporation (HVN) became a highlight with a 15% increase after a week. This aviation stock "took off" after information that HVN's passenger transport output in the first 5 months of 2024 reached 9.3 million passengers, up 12.3% over the same period and reaching 40.8% of the yearly plan.
In addition, this development occurred in the context of HVN successfully holding its 2024 Annual General Meeting of Shareholders on June 21. Accordingly, regarding its "subsidiary" airline Pacific Airlines, HVN said that Pacific Airlines is coordinating with the parent company to evaluate and work with tax authorities to determine tax obligations to be paid and the airline is expected to fly again with an aircraft transferred by Vietnam Airlines.
Comments and recommendations
Mr. Cao Hoai Thanh Bao, senior investment consultant, Mirae Asset Securities, said that buying power at low prices still appears regularly when the market adjusts to low levels, showing that investor sentiment is still good and the risk of a deep correction cannot appear immediately when buying power is still developing well as it is now.
The market is expected to be better next week thanks to the "unleashed" sentiment after the derivatives expiry week and the gradual release of economic data for the first half of the year, which will attract cash flow into positive sectors with these data. Breaking the 1,300 zone will be easier to achieve than last time because the selling pressure has weakened after being successfully absorbed in the previous trading week.
New stock groups that can be disbursed include banks: STB (Sacombank, HOSE), LPB (LPBank, HOSE), VPB (VPBank, HOSE), textiles: VGT (Vietnam Textile and Garment, UPCoM), TNG (TNG, HOSE), TCM (Thanh Cong Garment, HOSE), seaports: HAH (Hai An Transport, HOSE), VSC (Container, HOSE), fertilizers: DCM (Ca Mau Petroleum Fertilizer, HOES), DPM (Petroleum Fertilizer and Chemicals, HOSE).
TPS Securities believes that the decrease in liquidity this week is a sign of a tug-of-war mentality, and there is not enough data to assess the development of the VN-Index in the coming time. The 1,270 - 1,280 point area is the area where TPS expects the market to accumulate in the coming trading week. A bad scenario will appear if the market cannot maintain the index at the 1,270 point price area. Investors should observe and only trade in small and medium volumes.
Sharing the same view, SSI Securities believes that the index will fluctuate in the 1,279 - 1,288 point range. The index has been raised to the support zone above 1,280 points, a slightly positive signal and the possibility of fluctuating to the 1,292 point range. If the market cannot maintain the 1,270 point range, the VN-Index may undergo a short-term correction.
Dividend schedule
According to statistics, there are 44 businesses that have decided to pay dividends this week, of which 34 businesses pay in cash, 6 businesses pay in shares, 2 businesses issue additional shares and 2 businesses pay combined dividends.
The highest rate is 70%, the lowest is 2%.
Ha Do Group Corporation ( HDG, HOSE) pays a combined dividend in cash and shares. With the form of shares, the ex-dividend date is June 24, at a rate of 10%.
Bich Chi Food JSC ( BCF, HNX) pays dividends in shares, ex-dividend date is June 24, rate 5%.
BKG Vietnam Investment JSC ( BKG, HOSE) pays dividends in shares, ex-dividend date is June 24, rate 5%.
Lix Detergent JSC ( LIX, HOSE) pays dividends by additional issuance, ex-dividend date is June 26, rate 100%.
Gas Products International Transport Joint Stock Company ( GSP, HOSE) pays dividends in shares, ex-dividend date is June 27, rate 10%.
DIC Holdings Construction JSC ( DC4, HOSE) pays dividends in shares, ex-dividend date is June 27, rate 10%.
Vietnam LPG Trading Joint Stock Company ( PVG, HNX) exercises the right to receive shares, the ex-right trading date is June 27, rate 9.6%.
Superdong - Kien Giang High-Speed Boat JSC ( SKG, HOSE) pays dividends in shares, ex-dividend date is June 28, rate 5%.
Vinaship Shipping Joint Stock Company ( VNA, UPCoM) exercises the right to receive shares, the ex-right date is June 28, rate 70%.
Viet Phat Import Export Trading Investment Joint Stock Company ( VPG, HOSE) pays dividends in shares, ex-dividend date is June 28, rate 5%.
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 |
|---|---|---|---|---|
| MVB | HNX | 6/24 | 10/7 | 13% |
| HVT | HNX | 6/24 | 15/7 | 20% |
| PHS | UPCOM | 6/24 | 7/23 | 3% |
| SKV | UPCOM | 6/24 | 8/7 | 30.1% |
| HDG | HOSE | 6/24 | 5/7 | 5% |
| DCM | HOSE | 6/24 | 11/7 | 20% |
| NSC | HOSE | 6/24 | 24/7 | 20% |
| THN | UPCOM | 6/24 | 16/7 | 10.1% |
| ACG | HOSE | 6/24 | 10/7 | 8% |
| VMS | HNX | June 25 | 9/7 | 11.4% |
| SJ1 | HNX | June 26 | 24/7 | 5% |
| DXP | HNX | June 26 | 5/7 | 5% |
| PAN | HOSE | June 26 | 8/7 | 5% |
| PTP | UPCOM | June 27 | 15/7 | 6.5% |
| HTG | HOSE | June 27 | 7/26 | 10% |
| PPH | UPCOM | June 27 | 7/26 | 6% |
| HDM | UPCOM | June 27 | 7/25 | 10% |
| VGT | UPCOM | June 27 | 9/8 | 3% |
| DDV | UPCOM | June 27 | 19/7 | 6% |
| CMD | UPCOM | June 27 | 15/7 | 10% |
| NHH | HOSE | June 27 | 19/7 | 5% |
| TDS | UPCOM | June 27 | 12/7 | 70% |
| DVP | HOSE | June 27 | 8/21 | 45% |
| LGC | HOSE | June 27 | September 30 | 5% |
| TYA | HOSE | June 27 | 10/7 | 2.5% |
| HGW | UPCOM | June 28 | 15/7 | 2.4% |
| SSC | HOSE | June 28 | 31/7 | 20% |
| GSM | UPCOM | June 28 | 7/22 | 20% |
| MWG | HOSE | June 28 | 10/7 | 5% |
| BBH | UPCOM | June 28 | 7/23 | 2% |
| CDG | UPCOM | June 28 | 6/8 | 9.5% |
| TED | UPCOM | June 28 | 1/8 | 25% |
| PWS | UPCOM | June 28 | 7/22 | 7.5% |
| THW | UPCOM | June 28 | 7/22 | 6% |
| PMW | UPCOM | June 28 | 18/7 | 4% (2023) |
| PMW | UPCOM | June 28 | 18/7 | 6% (Phase 1/2024) |
Source: https://phunuvietnam.vn/chung-khoan-tuan-24-28-6-co-44-doanh-nghiep-chot-quyen-co-tuc-2024062407453573.htm
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