Stock market waits for good news

Revealing positive returns

It is not yet time to announce financial reports and business results for the second quarter and the first half of 2025, but some businesses have revealed positive numbers, creating bright spots in the context of a market lacking information support.

At the conference to review business activities in the first 6 months of 2025, the leaders of VietinBank said that the Bank has achieved positive results in the first 6 months of the year. Specifically, outstanding credit is estimated to grow by 10% compared to the end of 2024; mobilized capital is estimated to grow by more than 9% compared to the end of 2024...

Vietnam National Textile and Garment Group (Vinatex) informed that consolidated revenue in the first half of the year is estimated at VND9,035 billion, equal to 49% of the annual plan and 108% of the same period in 2024; consolidated profit is estimated at nearly VND556 billion, equal to 61% of the annual plan and up 97% over the same period. Mr. Le Tien Truong, Chairman of Vinatex, said that in the first quarter of 2025, orders tend to return to the previous level, with larger orders.

In the consumer group, information from Masan Group Corporation (MSN) revealed that after-tax profit in the second quarter of 2025 is estimated at about VND 1,500 billion, an increase of nearly 60% over the same period last year.

Some businesses holding their annual general meetings of shareholders in June also updated their business results early. At the general meeting of shareholders on June 24, Gemadept Joint Stock Company said that in the first 6 months of the year, the company estimated to achieve 2,760 billion VND in revenue and 1,100 billion VND in pre-tax profit, reaching 57% and 61% of the yearly plan, respectively.

Shaping market trends

In the context of stock indexes still fluctuating, market sentiment fluctuates according to world information, the gradual announcement of business results by businesses is expected to create a foundation for the stock market to shape trends.

Experts from MBS Securities Company estimate that the entire market's profits could record a 14% year-on-year growth in the second quarter of 2025. In particular, the banking industry forecasts positive profit growth of 15%, supported by credit growth and NIM.

In terms of policy, Decree 69/2025/ND-CP allows foreign room to be increased to 49% at banks receiving compulsory transfers such as VPBank, MB, HDBank, creating room for capital increase but not urgent because these banks still have high capital adequacy ratio (CAR). The draft legalization of Resolution 42/2017/QH14 will help the industry handle debt more effectively, especially beneficial for banks with high provisioning costs such as VietinBank, VPBank and small-scale banks such as OCB, MSB, VIB.

In the construction group, Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) is forecast to have a 98% increase in second-quarter profit compared to the low base level in 2024 thanks to the handover of component projects of the North-South Expressway and part of the Cho Mo Commercial Center Project.

As for Deo Ca Transport Infrastructure Investment Joint Stock Company, the second quarter net profit is expected to grow by 20% from the BOT business segment over the same period thanks to a strong increase in traffic volume of over 15% over the same period, while the construction segment is stable with projects on the North-South expressway such as Quang Ngai - Hoai Nhon.

The entire seaport and shipping industry in general will benefit from the vibrant trade situation in the second quarter of 2025 due to the decision to postpone tariffs for 90 days. Container throughput through ports in the Ba Ria - Vung Tau area is expected to increase sharply, as the average proportion of goods exported to the US here is up to 50-55%, supporting the profits of seaport enterprises such as Gemadept Joint Stock Company. Global sea freight rates have increased well by about 70.7% compared to the bottom in early April, boosting the revenue of shipping enterprises such as Hai An Transport and Stevedoring Joint Stock Company to continue to increase strongly.

In the retail group, it is forecasted that FPT Digital Retail Joint Stock Company's net profit in the second quarter could increase by 292% thanks to the growth in scale of Long Chau, revenue/store maintained at 1.3 billion VND/month, while the business no longer has to record one-time costs as before.

The consumer group, with two representatives, BAF Vietnam Agricultural Joint Stock Company and Dabaco Vietnam Group Joint Stock Company, are both forecast to see strong profit growth in the second quarter thanks to pork prices remaining high. The parent company's after-tax profit of BAF Vietnam is forecast to increase by 471% year-on-year, while that of Dabaco Vietnam is forecast to increase by 201%.

Source: https://baodautu.vn/thi-truong-chung-khoan-cho-tin-tot-d314689.html