VN-Index holds around 1,200 points; Vinamilk milk increases 16% profit in Q1; Chinsu, Omachi reach international level; Mobile World makes huge profits, chairman receives 0 salary; Dividend payment schedule,...
VN-Index holds the 1,200 point mark
The session before the recent holiday showed the market holding around the 1,200 point mark. The VN-Index closed the week before the holiday at 1,209.52 points, up 4.55 points.
Liquidity decreased sharply, on HOSE alone, cash flow fluctuated mainly from 10,000 - 15,000 billion VND/session.
Thus, at the end of April, VN-Index fell sharply by 74.57 points, equivalent to 5.91%, breaking the 5-month consecutive increase streak, from November 2023 to March 2024.
After the news of continued "missed appointments" from the KRX system, the market is divided and struggling at the 1,200 point mark.
The news that the KRX system was "missed" on May 2nd at the last minute before the holiday has significantly affected market sentiment. Selling pressure tends to increase in the morning session, partly because the market is about to suspend trading during the upcoming long holiday.
VIC stock ( Vingroup , HOSE) was the pillar, pulling VN-Index up, contributing 2.3 points to the increase.
Next are a series of blue-chip stocks that play a leading role in the VN-Index's rise. Typically, MWG (Mobile World, HOSE), SHB (SHB, HOSE), NVL (Novaland, HOSE), HDB (HDBank, HOSE),...
Blue-chip stocks lead the market (Source: SSI iBoard)
Foreign investors continued to show positive signs when maintaining a good buying status. On the HOSE floor alone, foreign investors net bought nearly 252 billion VND worth of stocks. In particular, VN30 stocks recorded a large net buying volume, totaling 342.5 billion VND, of which, MWG (Mobile World, HOSE) placed 273.9 billion VND, VCB (Vietcombank, HOSE) reached 68.5 billion VND, VIC (Vingroup, HOSE) reached 431 billion VND, ...
Vinamilk milk profit increased 15.8% in the first quarter of this year
Vinamilk increased positively in the first quarter (Photo: ST)
In the Financial Statement (FS) of the first quarter of 2024 of Vietnam Dairy Products Joint Stock Company - Vninamilk (VNM, HOSE), Vinamilk maintained positive business results with revenue reaching VND 14,112 billion, up 1.4% over the same period. In particular, traditional export markets continued to play a pivotal role in the positive results.
As a result, after-tax profit reached VND2,207 billion, up 15.8% year-on-year, marking the second consecutive quarter of double-digit growth thanks to improved gross profit margin and control of operating costs.
According to the 2024 plan, VNM has completed more than 22.3% of revenue and 23.5% of annual profit.
At the floor, at the end of the session on April 26, VNM shares increased slightly by 0.46% to 65,000 VND/share.
Chinsu, Omachi reach international level
Masan Consumer Corporation (MCH, UpoM) announced its financial statements for the first quarter of 2024 with revenue of VND 6,580 billion, up 9% over the same period, and profit of VND 1,669 billion, up 20.2%.
At the General Meeting of Shareholders at the end of April, Chairman of the Board of Directors, billionaire Nguyen Dang Quang shared that Masan Consumer is a "family heirloom diamond", a source of pride in its mission to serve consumers. This is the "culinary ambassador" that Masan brings to the world.
Expected to be listed on HOSE this year, MCH is performing positively on UPCoM (Source: SSI iBoard)
Under the "Go Global" strategy, the group aims to bring its brand to the world with Masan Consumer Holdings aiming for 10-20% of revenue from the global market.
The strategic goal is to own 6 billion-dollar brands, premiumize products and expand product range, expanding accessible markets.
In particular, Omachi aims to expand its target market from 1 billion USD of the instant noodle industry to 17 billion USD of the home meal replacement industry by launching self-boiling hot pot and self-cooking rice products...
Chinsu aims to premiumize to serve more than 30 million cups of fish sauce every day, accounting for more than 65% of Vietnam's fish sauce consumption. The brand has developed a premium condiment product portfolio, aiming to reach global consumers.
In addition, the company is planning to list on the HOSE this year, with a cash dividend rate of 7.2% for 2023.
Mobile World's profits skyrocket, Chairman Nguyen Duc Tai receives 0 VND in the first quarter of 2024
At the end of the first quarter of 2024, Mobile World Investment Corporation (MWG, HOSE) recorded net revenue of VND 31,486 billion, an increase of more than 16% over the same period. Profit quickly increased 43 times over the same period, reaching more than VND 900 billion, the highest in the past 6 quarters since the third quarter of 2022.
Thus, after the first quarter, MWG has completed 25% of its revenue and 38% of its profit plan for the whole year of 2024.
Notably, Chairman Nguyen Duc received a salary of 0 VND in the first 3 months of the year, despite the positive business results. In addition, Mr. Doan Van Hieu Em (Member of the Board of Directors) and Mr. Tran Huy Thanh Tung (Member of the Board of Directors and General Director) also received a salary of 0 VND.
In 2023, at the General Meeting of Shareholders, MWG shared that it was an extremely difficult year, therefore, the results of the first quarter of 2024 played an important role in the business's recovery.
Comments and recommendations
Vietcap Securities believes that the recent decline in liquidity shows a lack of confidence. VN-Index will continue to strive towards the 1,230 point zone, but the uptrend may soon end if liquidity does not improve after the holiday.
SSI Securities stated that the VN-Index has not been able to overcome the short-term resistance level at 1,216 points. Based on technical indicators, the market may experience a short-term correction at the 1,190 - 1,192 point range.
Agriseco Securities said that the 1,200-point mark continued to play an important psychological role in helping VN-Idnex reverse and increase in the last session of the week, April 26. The market is still following an upward trend with many alternating sessions of increase/decrease, the index fluctuates around the 1,180 - 1,230 point range. Investors are recommended to increase stocks during corrections to lower points and vice versa, reduce the proportion during good recovery periods to higher points. Prioritize trading stocks available in the portfolio and stocks in the VN30 group.
Dividend schedule
According to statistics, after the holiday, there were 5 businesses that closed dividend rights, all of which paid dividends in cash.
The highest rate is 18% and the lowest is 8%.
Dividend schedule this week
* Ex-dividend date: is the transaction date on which the buyer, upon establishing ownership of shares, will not enjoy related rights (right to receive dividends, right to buy additional issued shares, right to attend shareholders' meeting...) .
| Code | Floor | GDKHQ Day | Date TH | Proportion |
|---|---|---|---|---|
| FHS | UPCOM | 2/5 | 14/5 | 12% |
| VPR | UPCOM | 2/5 | 5/20 | 10% |
| DRL | HOSE | 3/5 | 17/5 | 18% |
| HMG | UPCOM | 3/5 | 3/6 | 8% |
| MIG | HOSE | 3/5 | 10/6 | 10% |
Source
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