Overview of the market
According to Lao Dong, at the end of yesterday's session (September 20), the Vietnamese stock market continued to maintain an optimistic state.
The VN-Index on February 20 closed the session at 1,293 points, up 4.4 points (+0.34%) compared to the previous session. The market width tends to be positive when the HOSE recorded 254 stocks of increase, overwhelming the 205 stocks of decrease, showing the consensus of cash flow for the market's recovery.
Liquidity in the market remains quite vibrant. The value of matched transactions on HOSE reached nearly VND15 trillion, reflecting the active participation of investors in the context of trading sentiment still quite stable.
Foreign investors reversed to net sell VND394 billion; mainly at FPT (VND149 billion), MWG (VND-78 billion) and VCB (-60 billion). VHM (+47 billion VND), GVR (+46 billion VND), VCI (+45 billion VND) are representatives of the net buying direction.
- VN30 + 0.36%; promoted by VHM +3.7%; GVR +2.2%; TCB +1.7%; VIC +1.4%.
- Real estate and Chemical groups continue to create highlights; especially NVL ceiling; PHR +6.4%; DPR +2.2%; DGC +2.1% while Minerals group has MSR ceiling increase; KSV +6.1% gradually regain balance.
- Low bids are still being restrained. Some HVN codes -2.1%; IJC -2%; NT2 -1.9%; POW -1.6% adjusted in the session but the overall pressure was not too great.
Continue to increase but be cautious at the 1,300-point area
In general, the market is still maintaining an optimistic state with the leadership of the large-cap group and the real estate industry.
VN-Index had its third consecutive increase but formed a "Doji" candle, reflecting the tug-of-war between buyers and sellers. However, the overall trend is still positive when the increase in performance is still maintained, and demand is well supported when selling pressure increases.
According to UP Securities Company (CPK), if the VN-Index completely surpasses the 1,285-1,305 point range, a new increase could be formed with the target of 1,370-1,380 points in 2025. Investors should monitor the price reaction at the 1,280-1,290 point range to find accumulation opportunities, but also need to consider gradually taking profits if the market adjusts below the support zone.
Kien Thiet Vietnam Securities (CSI) believes that the VN-Index is still likely to continue to increase in the coming sessions, with a short-term target of 1,307 points. Investors can hold a portfolio and take advantage of the corrections to increase the proportion of profitable stocks.
Investment recommendations today, February 21
VNM: Proposal is encouraging, target price is 77,500 VND/CP, net profit in 2025-2026 grows by 6%/year.
PNJ: OUTPERFORM is recommended, target price 120,500 VND/CP, P/E expected launch 13.4x, lower than the historical level.
OCB: Recommend to hold, target price 13,200 VND/CP, pre-tax profit in 2025 is estimated at 5.2 trillion (+ 30%).
VPB: Quotation for purchase, target price 25,500 VND/CP, pre-tax profit in 2025 is expected to be 24 trillion (+ 20%), ROAE improved to 13%.
Today's outstanding event
KPF: HOSE suspended KPF transactions from February 26, 2025 due to late payment of the 2024 semi-annual review to the FTC for more than 6 months.
SHB: On February 26, the transaction did not receive dividend rights in 2023, at a ratio of 100:11, issuing an additional 402.86 million CP.
TDC: The Board of Directors approved the offering price of 35 million individual CP at 11,831 VND/CP.
