Overview and market forecast
According to Lao Dong, at the end of the session on February 24, the VN-Index officially surpassed the 1,300-point threshold, marking the highest level since mid-June 2022. The index closed at 1,304.6 points, up 7.8 points (+0.6%).
The market recorded a positive width with 260 codes increased. Cash flow also responded strongly when the trading value matched the order to 18.5 trillion VND, up 28% over the previous session.
Main index: VN30 increased by 0.8%, VNMidcap +0.55%, while VNSmallcap almost tripled (+0.06%).
Banking group: Good performance, playing a pivotal role with HDB (+1.7%), STB (+1.4%), SHB (+1.4%), CTG (+1%).
Steel - Refinery: Strong breakthrough with TVN (+6.8%), HPG (+4.7%), VGS (+6.3%).
Food - Drinks: Recorded outstanding positive developments, led by VNM (+3.9%).
Minerals & some individual stocks: Cautious changes with KSV, BMC decreasing the floor, along with CII (-4.8%), NH (-4.5%), FRT (-2.8%), VTP (-2.8%).
Foreign investors: Net sold for the third consecutive session with a value of VND259 billion, focusing on FPT (VND-250 billion) and HPG (VND152 billion). On the other hand, VNM (+193 billion VND) and MWG (+131 billion VND) were net buyers the most.
According to UP Securities, the support zone is currently around 1,290-1,295 points, while the resistance is close to 1,300 points. The increase can be expanded to 1,310-1,315 points thanks to the positive sentiment of investors.
Asean Securities commented that the highest liquidity since December confirmed that the 1,300-point zone had broken. The expanded EMA20, EMA50, and EMA100 routes, along with the MACD and RSI, reflected an optimistic trend. Investors can consider large-cap stocks.
According to VCBS Securities, the VN-Index broke through the 1,300-point mark in today's session and maintained good momentum at the end of the session, showing that the general sentiment is exciting.
VCBS recommends that investors maintain a ratio of stocks that are in the uptrend and have not shown any worrying signs of correction.
In addition, investors can choose stocks with significant room for increase from industry groups that are attracting cash flow to disburse at fluctuations in the coming sessions. Some notable groups include securities, retail, banking, and real estate.
Notable stock codes on February 25
HPG: VCBS Securities maintains the MUA recommendation, raising the target price to VND38,000/CP thanks to the positive prospects from the Dung Quat 2 project and China's anti-dumping tax HRC. HPG expects to achieve revenue of VND 175,000-200,000 billion/year, profit after tax of VND 20,000-25,000 billion when Dung Quat 2 operates at full capacity.
BID: BIDV recorded pre-tax profit of 31.4 trillion in 2024 (+14%), exceeding the forecast. BSC Securities recommends MUA, target price 47,000 VND/CP, with P/B 2.1x, lower than the historical average.
MSB: The bank plans to make a profit of VND 8,000 billion in 2025 (+15.8%), paying a dividend of 20%. P/B is currently at 0.8x, lower than the industry average. BSC Securities recommends MUA, target price 14,000 VND/CP (+21%).
STB: Vietcap Securities raises target price to VND50,000/CP, VCI maintains MUA recommendations thanks to the restructuring process nearly complete and the plan to sell 32.5% of mortgage shares at VAMC.
VEA: VEAM stock (UPCoM) is trading at a P/E of 7.4x, lower than the 5-year average. BVSC Securities recommends OUTPERFORM, target price of VND 50,200/CP by the end of 2025.
The information in the article is for reference only and is not considered a decision to buy, sell or hold any shares.
Investors need to consider carefully and please consult an expert before trading.
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