DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

Market commentary: Despite overwhelming number of decliners, VN-INDEX rose 11.1pts to 879.3pts thanks to large caps rally. Both bourses started the new trading week with a bang thanks to large caps Continuing the uptrend from last week, VN-INDEX surged right after the opening bell and firmly maintained its upward movement throughout the entire session. Today’s advance was mainly attributed to Real Estate, Consumer Staples and Utilities sectors. Specifically, VNM recorded a 4-day winning streak with impressive gains and alone contributed nearly 5.9pts to the index. Some Real Estate tickers also witnessed positive momentum, with VIC recouping all losses from the previous session despite strong net-selling from foreign investors while VRE hitting ceiling price with large unmet demand. With the global oil price rally sputtering, Oil and Gas stocks saw some dispersion. GAS attracted huge attention from foreigners and rose by 3.5%, followed by PVD while PLX was today’s largest laggard and exerted the most negative impact by alone wiping 1.3pts off the index. Some other blue-chips also suffered losses, including VPB, HPG, MBB and BHN. At the end, despite an overwhelming number of decliners, VN-INDEX gained 11.1pts (+1.3%) to close at 879.3pts with 107 gainers, 168 losers and 67 unchanged. HNX-INDEX ended up at 106.8pts (+0.4%) with 72 advancers, 117 decliners and 189 unchanged. Today trading value was USD623.7mn, of which total put-through transaction value was USD387.5mn.

Most sectors rose today, led by IT (+3.5%), Real Estate (+3.4%) and Utilities (+2.5%) while only Energy (-3.4%), Materials (-1.0%) and Health Care (-0.6%) dropped. Top index movers included VNM (+6.2%), VIC (+3.9%), VRE (+6.9%), GAS (+3.5%), BID (+1.5%). Top index laggards consisted of PLX (-4.5%), VPB (-2.2%), HPG (-1.6%), MBB (-2.1%) and BHN (-2.4%). Top 3 major block trades transactions were VNM with 36.0mn shares (VND6,685bn), MSN with 7.2mn shares (VND428.0bn) and VIC with 5.7mn shares (VND385.1bn).

Foreigners net bought on both exchanges worth VND289.9bn. They mainly bought VNM (VND7,070.9bn), VRE (VND108.0bn) and BMP (VND31.6bn) and sold VNM (VND6,784bn) MSN (VND95.7bn) and VRE (VND92.8bn).

Snapshot HOSE HNX

Close (pts) 879.3 106.8

1 Day change (%) 1.28 0.39

Volume (mn shs) 283.8 59.2

Value (US$mn) 591.7 31.9

Gainers 107 72

Losers 168 117

Unchanged 67 189

Commodities & Currencies Close %chg

Gold(USD/Oz) 1,279 0.34

WTI Oil ($/B) 1Mth 56.63 -0.19

Brent Oil ($/B) 1Mth 63.20 -0.50

USDVND 22,716 0.00

EURVND 26,515 -0.08

Source: Bloomberg

871.2872.4873.6874.8876.0877.2878.4

VN-INDEX

106.1

106.3

106.5

106.7

106.9

HNX-INDEX

Sectors Price Index P/E P/B Country Close 1D chg P/E P/B Market cap

(VNIndex) 1D chg Wgt x x Peering Points % x x US$bn

Consumer Discretionary 0.94% 0.95 20.5 5.2 China 4,128.1 0.39% 17.08 2.09 4,455

Consumer Staples 2.47% 7.7 32.02 9.21 India 10,225.0 -0.94% 23.12 3.03 1,141

Energy -3.37% 2.59 14.5 2.9 Indonesia 6,021.5 -0.01% 21.98 2.49 494

Financials 0.21% 3.52 17.04 2.04 Laos 1,026.8 -1.37% 13.05 0.88 1

Health Care -0.62% 0.31 20.18 3.76 Malaysia 1,737.5 -0.27% 16.20 1.79 252

Industrials 0.45% 1.65 63.21 8.28 Philippines 8,330.0 -1.23% 22.72 2.47 199

IT 3.46% 1.08 12.84 2.53 Taiwan 10,683.9 -0.45% 15.91 1.79 1,055

Materials -1.03% 1.14 8.69 1.66 Thailand 1,687.1 -0.13% 17.66 2.02 504

Real Estate 3.42% 4.85 37.33 4.5

Utilities 2.53% 5.13 16.01 3.36 Vietnam 879.3 1.28% 17.27 2.52 102

13-NovSource: Bloomberg Source: Bloomberg

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

Market News

OPEC head says oil cuts are the only viable option to a steady market. The oil market is re-

balancing at a quickening pace and production cuts are the “only viable option” to restore

stability, OPEC Secretary-General Mohammad Barkindo said. Global curbs on output have helped

trim crude inventories from record levels, United Arab Emirates Energy Minister Suhail Al

Mazrouei said in a speech at a conference in Abu Dhabi. Neighboring Oman backs an extension in

the cuts accord that expires in March and sees producers prolonging their limits until the end of

2018, Oil Minister Mohammed Hamad Al Rumhy told reporters. The OPEC, in its monthly market

report on Monday, will raise its estimate of oil demand growth to “above 1.5mn barrels a day”

for both 2017 and next year, Barkindo said at the same conference. Stockpiles have declined by

more than 180mn barrels this year alone, he said. Output cuts by OPEC and other producers such

as Russia and Oman have started to pay off, with Brent crude prices trading close to a two-year

high. OPEC will meet in Vienna on Nov 30 to review the pact, which took effect in January, and

possibly extend it. Russia, Saudi Arabia and Iraq already signaled they would be open to

extending the curbs. (Bloomberg)

Reference exchange rate notched down by VND3/USD. The State Bank of Vietnam (SBV) set its

reference VND/USD exchange rate at VND22,462/USD in the morning of November 13, down by

VND3 from the end of last week. With the current +/- 3% VND/USD trading band, the ceiling

exchange rate is VND23,128 per USD and the floor rate is VND21,790 per USD. At major

commercial banks, the exchange rates were quite stable. Vietcombank set the rates at

VND22,675 (buying) and VND22,745 (selling), per USD, both down by VND5 from the end of last

week. Meanwhile, Vietinbank and BIDV kept the rates at VND22,680 (buying) and VND22,750

(selling), per USD, unchanged from the end of last week. (En.vietnamplus.vn)

It is necessary to amend the legal framework in the context of the digital economy, given the

fierce opposition by traditional taxi firms to Uber and Grab, the uncertainty of state management

of bitcoins, and the number of Vietnamese starting up businesses in Singapore. The development

of the digital economy may increase GDP in ASEAN by US$1trl in the next 10 years, according to

one research report. In terms of a database, Vietnam has many companies that collect, analyze

and process specialized data. Considerable improvements in information security have been

noted with a report from the Vietnam Information Security Association saying that the

information security index has been increasing year after year, surpassing the world’s average

level for the first time in 2016. Vietnam is in not inferior to regional and world countries in the

growth rate of high-speed internet, smart electronic devices and mobile phone users. It is

expected that by 2020, the number of Vietnamese smartphone users will increase by 30 times to

60 million (60% of population) compared to 2010. (En.vietnamnet.vn)

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

Coverage Universe Updates

Vietcombank (VCB VN) to sell all stakes at other banks and credit institutions - HOLD

(Upside -0.7%)

Mr. Nghiem Xuan Thanh – chairman of VCB – recently disclosed that the bank was looking

to sell all of its stakes at Cement Finance Company (CFC) and four banks: Military Bank

(MBB), Eximbank (EIB), SaigonBank and Orient Bank (OCB). Earlier in October 2017, VCB

announced it was divesting from SaigonBank and CFC with expected total proceeds of

VND241.9bn, of which 47.5bn will be financial gain. In the past, VCB had intentions to keep

its stake at MBB due to good performance and profitability of MBB and the SBV also

recommended that VCB keep its stake in EIB to support the restructuring process at EIB.

However, VCB decided to divest in SaigonBank, OCB and CFC in 2017 and MBB, EIB in

January 2018. VCB currently owns 6.97% of MBB and 8.2% of EIB. The bank expects a

financial gain of VND1,000bn from the divestment from these two banks in FY18.

As of year-end 2016, VCB’s total book value of investment at other banks and credit

institutions was recorded at VND2,164bn. With the expected financial gain from the stake

sales, the bank will receive circa VND3,212bn in total (VND242bn in 2017 and VND2,970bn in

2018). In our view, the divestment is being carried out to comply with the regulation on bank

cross-ownership, but more importantly, to improve the capital adequacy ratio (CAR) of VCB.

According to Circular 06/2016, investment in other banks/credit institutions must be

deducted from Tier 1 capital when calculating CAR. After the divestment, VCB will not need

to deduct the investment from Tier 1 capital and the financial gains will also boost the Tier 1

capital ratio. We estimate that VCB's CAR can increase 0.4-0.5bps post divestment, which is

positive as the bank‘s current CAR of 9.98% is slightly higher the requirement of 9.0% due to

the slow progress of the private placement.

Notable Corporate Events

Vietnam Dairy Products Joint Stock Company (VNM VN) – shareholder’s activity: Platinum

Victory PTE Ltd, a wholly owned unit of Jardine Cycle & Carriage (JC&C), has successfully

purchased 48.3mn VNM shares via auction on Nov 10. Thus, after such auction, JC&C has

increased its ownership in VNM to 80.29mn shares (5.53%). (Cafef.vn)

FLC Group JSC (FLC VN) - business activity: On Nov 10, FLC’s BoD has decided to transfer its

entire contributed capital of VND99.8bn (99.8%) in FLC Real Estate Ltd. FLC will actively find a

buyer to negotiate and transfer such capital contribution. (Hsx.vn)

No Va Land Investment Group Corporation (NVL VN) - business activity: On Nov 13, NVL has

approved the transfer of its entire stake of 999,800 shares (49.99% of the charter capital) in Huy

Minh Real Estate JSC to Novagroup. (Ndh.vn)

Tien Phong Commercial Joint Stock Bank (TPB - unlisted) – stock listing: TPB has announced to

finalize its shareholder list on Nov 20. Accordingly, the company will seek shareholders’ written

approval for stock listing registration no later than Nov 30. (Cafef.vn)

<to be continued>

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

COVERAGE SUMMARY

Ticker Adjusted price

Adjusted target price

Upside Recom-endation

Investment thesis summary/Update Latest report

PC1 34,600 42,100 21.7% ADD Positive outlook for 2018 with surge in revenue thanks to: (1) New contribution from My Dinh Plaza II and (2) commissioning of two new hydropower plants in Q4, 2017.

HBC 50,600 71,600 41.5% ADD 1. Large contract back-log to drive double-digit growth until 2019 2. Balance sheet to improve after planned private placement of 18mn shares (14%).

LPB 13,000 17,200 32.3% ADD

1. Unique distribution advantage with more than 1000 PTOs across country. Will be able to maintain strong credit growth thanks to good capital buffer (CAR ~13%) and strong liquidity (LDR ~80%). 2. FY17 YE P/B of 1.0x, cheap relative to peers.

Link

VHC 46,950 68,000 44.8% ADD 1. Manufacturing capacity will increase by 40% by 2018 2. The largest market, US, will probably regain its growth momentum into next year 3. Input price could decrease and become more stable in 2018

Link

TDH 13,150 15,900 20.9% ADD

CTD 235,000 249,028 6.0% HOLD

1. Leading firm in construction sector with blue-chip client base. 2. Revenue from new contracts will ensure growth for the next two years. Projected revenue and earnings growth of 43.9% and 39.8%, respectively in 2017. 3. Rising contribution of design and build (D & B) projects to touch 50% of total revenue should lift blended margins. D&B contracts’ average GM of 10% and traditional contract of 6-7%. D&B’s

Link

DCM 12,350 16,200 31.2% ADD

1. Recovery in ASP (+6% in 2017 from low level in '16) and volume (+9% in 2017, supported by exporting activities), driven by recovery in agriculture sector and global urea price cycle. 2. Gas price subsidy from PVN until the end of 2018 (guaranteeing ROE at minimum 12%), preferential income tax rate of 5% 3. Possible change in VAT policy could reduce COGS and improve margins by 2-3% pts. 4. PVN plans to divest 24.6% stake by 2018 which will add to free-float.

PTB 129,500 133,400 3.0% HOLD

Link

VJC 117,100 139,600 19.2% ADD

Link

NLG 27,200 31,850 17.1% ADD

1. NLG is well aligned with the new property market orientation. NLG focuses on durable-demand products (affordable and social apartments and landed properties). 2. FY2017 net revenue is forecasted at VND3,454 billion (+36.3% yoy) and NPATMI at VND544 billion (+58% yoy). For 2018, revaluation of Hoang Nam project will secure strong EAT growth. However, the share price is reasonable this year. 3. Upside for the stock will come in 2018 as major projects are going to be executed.

Link

IMP 63,500 70,600 11.2% HOLD

Link

PNJ 118,600 113,500 -4.3% HOLD 1. Largest jewelry retailer with rapid retail footprint expansion 2. Robust SSSG in 2017 (25%) and target SSSG FY18 of 12%. 3. FY17 EAT is forecasted to grow by 77.8%, 44% for FY18.

Link

ACV 81,000 83,700 3.3% HOLD

1. Passenger throughput could grow at more than 15% in the next few years 2. Domestic passenger fees will increase by 22.7% yoy in 2018, FY18 EAT to touch VND5,072b (+46.5%) 3. 2018 EV/EBITDA 11.9x, below peers average of 15x

Link

BFC 36,650 43,338 18.2% ADD

1. Leading NPK producer in terms of capacity (current 925k tons, could add 200k tons more in the North) and market share (15-16%) 2. Long-term growth from expansion strategy to Northern Vietnam (+20%/year in volumes) and overseas market (Cambodia)

VNR 23,000 25,443 10.6% HOLD

TCM 24,700 31,082 25.8% ADD

Link

DRI 11,500 18,325 59.3% ADD

1. Low production cost (40% below the peer average) due to higher tapping yield and cheap labor. 2. Natural rubber price (ASP) is still in recovery mode and expected to rise 25% yoy in 2017 with this ASP increase not really reflected in DRI’s valuation due to negative sentiment on the stock 3. Attractive valuation and first dividend payment for FY17 expected to be VND1,000/share (VND500/share already advanced in Sep 17).

Link

DPM 20,800 24,519 17.9% ADD

1. Gross margin fluctuates following movement in oil prices, 1H17 performance hurt by the sharp increase in oil/gas input price 2. NH3-NPK expansion projects will contribute to revenue and profit starting from 2018 (expected VND1.2-2trl in revenue and VND150-300bn in profit) 3. DPM would benefit the most in case a change in VAT policy is approved (gross margin +3-4% pts.) 4. PVN plans to divest 8.6% stake by 2018

Link

NVL 60,800 69,500 14.3% HOLD

Link

QNS 61,900 95,006 53.5% ADD 1. QNS is a dominant producer of soy milk with 85% market share in the packaged Link

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

Ticker Adjusted price

Adjusted target price

Upside Recom-endation

Investment thesis summary/Update Latest report

segment. 2. One of the most profitable F&B companies in term of ROE (FY16 ~43.3%) and ROA (FY16 ~25%). 3. - Manufacturing capacity addition is the next engine for growth: an increase by 30% of soymilk capacity and 50% of sugar refine capacity 4. Current PE TTM is 9.7x, relatively attractive vs peers.

SBV 46,200 56,052 21.3% ADD

1. SBV is the leading company in the marine rope and cordages niche market and has a great brand which gives it pricing power. 2. Fishermen are shifting to offshore fishing, thereby boosting demand for higher quality rope products which SBV specializes in. 3. A 40% jump in manufacturing capacity starting in 4Q will ease capacity constraints and lay the foundation for continued growth.

Link

CTG 20,400 20,700 1.5% HOLD ACB 31,800 29,800 -6.3% HOLD

DPR 39,000 51,900 33.1% ADD

1. ASP will stay at high levels in 4Q 2017 and FY2018. 2. Surge in 2018 disposal earnings given spike in 9M 2017 rubber wood price. 3. Tapping volume rise and disposals to drive FY2018 EAT growth

Link

LTG 46,800 66,270 41.6% ADD

1. All segments apart from CPC grew in 3Q 2. CPC segment’s 22% YoY drop in sales 3Q was an aberration. 3. Booming rice exports to China and Philippines should boost Agrifood sales. 4. For 2017, we raise our net sales forecast by 7.6% but lower our net profit forecast by 8.7% as a result of a 0.8bps decrease in our forecasted gross margin. 5. For 2018, we expect a 7.1% growth in top line to touch VND8,781bn and a 18.4% growth in bottom line to touch VND517bn.

Link

VCB 43,400 43,100 -0.7% HOLD

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

MARKET MOVEMENTS

HOSETop gainers VND Top gainers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

CTS 9,630 630 7.0 352,540 0.023 S74 7,700 700 10.0 100 0.000

DTA 10,750 700 7.0 100,810 0.004 THS 8,800 800 10.0 300 0.000

DMC 112,200 7,300 7.0 10,950 0.095 NTP 80,500 7,300 10.0 218,539 0.000

TCH 17,700 1,150 7.0 3.39MLN 0.157 PIV 18,800 1,700 9.9 851,130 0.000

PNJ 118,600 7,700 6.9 716,480 0.313 NDF 7,800 700 9.9 416,400 0.000

Top losers VND Top losers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

HTT 6,510 -490 -7.0 2.50MLN -0.004 VTH 10,800 -1,200 -10.0 5,000 0.000

AMD 6,910 -520 -7.0 2.26MLN -0.013 SDG 27,000 -2,900 -9.7 100 0.000

PJT 13,300 -1,000 -7.0 510 -0.006 MLS 11,200 -1,200 -9.7 300 0.000

HAS 8,280 -620 -7.0 2,050 -0.002 PCE 11,200 -1,200 -9.7 100 0.000

DHM 3,210 -240 -7.0 402,870 -0.002 SPI 4,700 -500 -9.6 729,277 0.000

Top index movers VND Top index movers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

VNM 184,500 10,700 6.2 4.50MLN 5.848 NTP 80,500 7,300 10.0 218,539 0.259

VIC 68,600 2,600 3.9 1.21MLN 2.582 VCG 24,700 1,900 8.3 8.47MLN 0.238

VRE 46,350 3,000 6.9 132,380 2.148 VCS 233,000 7,900 3.5 102,072 0.179

GAS 79,500 2,700 3.5 678,800 1.946 PVI 33,800 1,800 5.6 547,589 0.072

BID 23,950 350 1.5 1.46MLN 0.451 SHS 18,300 700 4.0 2.59MLN 0.067

Top index laggers VND Top index laggers VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

PLX 55,400 -2,600 -4.5 580,360 -1.267 ACB 31,800 -200 -0.6 2.05MLN -0.175

VPB 38,700 -850 -2.2 734,400 -0.427 SHB 7,800 -100 -1.3 3.91MLN -0.098

HPG 36,650 -600 -1.6 2.54MLN -0.343 KLF 3,400 -300 -8.1 16.22MLN -0.056

MBB 23,050 -500 -2.1 6.36MLN -0.342 PMC 73,800 -5,600 -7.1 8,600 -0.036

BHN 120,000 -3,000 -2.4 18,460 -0.262 DBC 23,900 -400 -1.7 17,250 -0.024

Top active volume VND Top active volume VND

Ticker Last Price Chg %chg Vol. Index

impact

Ticker Last Price Chg %chg Vol. Index

impact

FLC 6,020 -420 -6.5 38.55MLN -0.101 KLF 3,400 -300 -8.1 16.22MLN 0.000

MBB 23,050 -500 -2.1 6.36MLN -0.342 VCG 24,700 1,900 8.3 8.47MLN 0.000

HQC 2,460 -140 -5.4 5.68MLN -0.025 CEO 10,900 -200 -1.8 4.05MLN 0.000

HAI 7,420 -550 -6.9 4.77MLN -0.024 SHB 7,800 -100 -1.3 3.91MLN 0.000

FPT 54,000 1,800 3.5 4.77MLN 0.360 PVS 16,300 200 1.2 3.81MLN 0.000

13-Nov

HNX

Source: Bloomberg

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

FOREIGN ACTIVITIES

Volume (Mn'shs) HOSE d/d HNX d/d Value (VND'bn) HOSE d/d HNX d/d

BUY 48.9 148.0% 1.0 19.5% BUY 7,458.3 301.2% 14.4 -35.2%

% of market 17.5% 1.8% % of market 56.0% 2.0%

SELL 45.7 323.6% 0.6 5.7% SELL 7,172.2 969.6% 10.7 -42.0%

% of market 16.3% 1.1% % of market 53.9% 1.5%

NET BUY (SELL) 3.21 0.4 NET BUY (SELL) 286.1 3.8Source: HSX, HNX

(1,000)

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Foreign net buy/sell (30 days) in VND'bn

HOSE HNX

2017 ACCUMULATION

Volume (Mln'shs) HOSE % of 2016 HNX % of 2016 Value (VND'bn) HOSE % of 2016 HNX % of 2016

BUY 2,814.6 114.3% 346.1 87.7% BUY 118,225.4 129.6% 7,216.7 115.9%

% of market 7.1% 3.0% % of market 14.3% 5.6%

SELL 2,627.9 98.4% 363.0 110.6% SELL 97,887.5 98.9% 7,795.2 153.2%

% of market 6.6% 3.1% % of market 11.9% 6.1%

NET BUY (SELL) 186.7 (16.9) NET BUY (SELL) 20,338 (578.6)Source: HSX, HNX

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

FOREIGN ACTIVITIES

Top buy by foreigners (value) VND'bn Top buy by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VNM 184,500 10,700 6.16 7,070.5 5.848 PVS 16,300 200 1.24 5.3 0.000

VRE 46,350 3,000 6.92 108.0 2.148 HUT 10,600 -100 -0.93 2.1 0.000

BMP 89,600 5,800 6.92 31.6 0.179 NTP 73,200 7,300 1.95 1.9 0.000

VJC 117,100 -800 -0.68 30.3 -0.136 MAS 89,500 0 0.00 0.6 0.000

VCB 43,400 300 0.70 16.6 0.406 PVG 7,000 0 0.00 0.5 0.000

Top sell by foreigners (value) VND'bn Top sell by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VNM 184,500 10,700 6.16 6,784.5 5.848 NTP 73,200 7,300 1.95 3.5 0.000

MSN 59,000 -500 -0.84 95.7 -0.218 PVS 16,300 200 1.24 2.1 0.000

VRE 46,350 3,000 6.92 92.8 2.148 VGC 22,200 0 0.00 1.7 0.000

DHG 94,000 -1,800 -1.88 30.6 -0.089 VCG 22,800 1,900 -0.87 0.6 0.000

CII 31,150 150 0.48 30.4 0.016 KLF 3,400 -300 -8.11 0.6 0.000

Top net buy by foreigners (value) VND'bn Top net buy by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

VNM 184,500 10,700 6.16 286.0 5.848 PVS 16,300 200 1.24 3.2 0.000

VJC 117,100 -800 -0.68 28.9 -0.136 HUT 10,600 -100 -0.93 2.1 0.000

BMP 89,600 5,800 6.92 28.2 0.179 MAS 89,500 0 0.00 0.5 0.000

HSG 22,600 -400 -1.74 15.4 -0.053 HHG 6,900 -100 -1.43 0.3 0.000

VRE 46,350 3,000 6.92 15.1 2.148 KVC 2,700 -100 -3.57 0.3 0.000

Top net sell by foreigners (value) VND'bn Top net sell by foreigners (value) VND'bn

Ticker Last Price Chg %chg Value Index

impact

Ticker Last Price Chg %chg Value Index

impact

MSN 59,000 -500 -0.84 -91.7 -0.218 VGC 22,200 0 0.00 -1.62 0.000

CII 31,150 150 0.48 -29.2 0.016 NTP 73,200 7,300 1.95 -1.58 0.000

DHG 94,000 -1,800 -1.88 -19.5 -0.089 KLF 3,400 -300 -8.11 -0.48 0.000

SAB 276,200 -300 -0.11 -13.9 -0.072 PGS 23,000 500 2.22 -0.35 0.000

HPG 36,650 -600 -1.61 -6.9 -0.343 INN 69,900 1,400 2.04 -0.16 0.000

HOSE HNX

Source: Bloomberg, HOSE, HNX

DAILY MARKET RECAP 13 November 2017

Bloomberg: VNDS

TOP 60 MARKET CAP STOCKS SNAPSHOT ON HOSE No. Ticker Price Mkt. Cap Outs. Vol. Float ratio Avail. FII Ave. daily vol. P/E P/B ROE ROA

VND 1M 3M 6M US$mln Mln'shs % % (30 days-shs) x x % %

1 VNM VM 184,500 23.5 21.8 27.4 11,788 1,451 57.9 43.8 1,024,939 28.7 11.2 41.9 35.0

2 VIC VM 68,600 22.5 57.7 69.4 7,966 2,638 52.3 18.9 1,370,564 53.4 6.1 10.5 1.5

3 SAB VM 276,200 1.5 11.4 40.6 7,797 641 10.4 39.1 33,073 40.2 11.9 31.7 20.3

4 VCB VM 43,400 10.3 15.9 19.1 6,874 3,598 22.9 9.3 2,351,675 22.5 2.9 13.7 1.0

5 GAS VM 79,500 13.6 29.7 45.9 6,696 1,913 4.2 45.7 655,085 17.2 3.8 22.4 15.1

6 VRE VM 46,350 N/A N/A N/A 3,879 1,901 100.0 21.6 N/A 22.3 3.8 17.6 6.9

7 ROS VM 176,100 54.2 93.5 19.6 3,667 473 27.0 47.3 1,642,137 170.5 17.1 11.7 7.4

8 BID VM 23,950 18.6 18.0 41.3 3,604 3,419 4.4 27.7 2,292,415 14.3 1.9 13.0 0.6

9 CTG VM 20,400 7.4 7.4 12.4 3,344 3,723 15.8 0.0 1,745,674 10.1 1.2 12.2 0.8

10 MSN VM 59,000 1.4 38.2 38.5 2,982 1,148 43.9 20.6 736,195 31.0 3.5 12.4 3.1

11 PLX VM 55,400 -9.0 -14.1 14.0 2,826 1,159 100.0 10.9 320,114 14.9 3.3 22.8 7.7

12 VPB VM 38,700 -3.7 N/A N/A 2,551 1,497 89.9 0.0 1,196,592 8.6 1.9 25.4 1.9

13 HPG VM 36,650 -5.9 12.1 31.8 2,447 1,517 58.9 9.4 3,600,303 6.8 1.9 31.5 19.7

14 VJC VM 117,100 8.4 32.1 26.1 2,327 451 64.7 4.4 958,097 18.8 10.9 68.7 14.3

15 MBB VM 23,050 -1.3 8.0 44.9 1,842 1,816 49.7 0.0 4,126,633 10.8 1.5 14.8 1.4

16 MWG VM 128,000 2.4 21.0 47.1 1,733 308 73.1 0.0 642,004 19.8 7.5 45.6 14.8

17 NVL VM 60,800 -1.5 -3.5 -11.9 1,667 623 29.5 40.4 1,546,372 17.9 4.0 23.1 5.3

18 BVH VM 52,900 -4.2 -5.5 -8.2 1,585 680 29.1 24.5 272,497 27.6 2.6 10.7 1.9

19 FPT VM 54,000 5.5 9.2 29.4 1,262 531 70.7 0.0 1,225,900 13.2 2.7 22.0 7.7

20 BHN VM 120,000 4.0 50.0 44.6 1,225 232 100.0 31.5 30,030 37.1 4.9 13.8 8.0

21 STB VM 11,200 -2.6 -6.3 -8.2 889 1,804 94.6 15.5 2,025,542 29.5 0.9 3.0 0.2

22 CTD VM 235,000 13.5 12.8 16.9 792 77 89.0 1.8 104,678 11.5 2.6 28.2 14.6

23 EIB VM 11,150 -5.1 -10.4 -0.4 603 1,229 75.6 0.2 155,383 26.1 1.0 3.9 0.4

24 PNJ VM 118,600 8.7 13.0 29.2 564 108 64.5 0.0 258,518 19.1 4.7 28.9 16.4

25 DHG VM 94,000 -11.3 -13.8 1.1 541 131 31.8 0.1 199,399 19.5 4.4 23.2 19.4

26 SBT VM 21,600 -10.6 -28.5 -16.6 530 557 72.0 39.9 1,741,294 16.5 1.8 10.3 4.6

27 SSI VM 24,050 -1.2 -4.0 2.3 519 490 57.0 48.3 2,643,367 12.9 1.3 11.2 5.8

28 GMD VM 39,000 -11.4 -2.3 4.4 495 288 59.6 0.0 689,918 20.7 1.8 7.0 4.1

29 REE VM 33,500 -2.6 -6.7 5.0 457 310 48.3 0.0 1,041,096 6.3 1.3 23.1 13.9

30 KDH VM 26,750 2.9 8.3 11.9 396 336 56.4 0.0 143,474 15.1 2.3 12.9 5.5

31 NT2 VM 30,400 3.9 9.5 -4.1 385 288 27.9 27.6 483,683 12.9 1.9 14.4 6.7

32 DPM VM 20,800 -7.6 -9.4 -13.3 358 391 35.2 27.8 419,387 12.1 1.0 8.8 7.2

33 HSG VM 22,600 -20.1 -18.7 -20.1 348 350 51.5 23.7 3,075,266 5.9 1.5 28.6 7.9

34 VCI VM 65,000 3.2 8.2 N/A 343 120 91.6 14.1 92,493 16.9 5.6 31.9 12.1

35 CII VM 31,150 -8.7 -12.5 -19.7 338 246 62.8 11.6 1,330,410 5.1 1.6 36.0 10.3

36 KDC VM 36,300 -7.2 -15.4 -10.4 329 206 49.8 39.8 334,877 13.3 1.2 9.2 6.0

37 BMP VM 89,600 14.4 13.7 -13.1 323 82 61.8 55.8 360,772 16.8 3.0 18.3 15.5

38 PDR VM 32,600 3.5 21.6 33.3 319 222 38.3 47.7 1,265,846 17.9 2.8 16.3 4.3

39 PPC VM 22,100 5.7 7.3 10.8 312 321 15.7 32.3 186,628 4.3 1.2 32.1 18.1

40 HAG VM 7,380 -10.9 -16.1 -14.8 301 927 61.3 37.0 2,794,464 11.8 0.5 3.9 1.0

41 PVD VM 17,800 23.6 17.9 11.3 300 383 48.1 29.1 3,075,121 N/A 0.5 -1.4 -0.8

42 HBC VM 50,600 -20.7 -5.1 24.2 289 130 70.6 25.4 1,819,592 7.5 3.2 51.1 7.1

43 DCM VM 12,350 -9.9 -10.2 -15.4 288 529 24.4 46.5 1,379,109 8.2 1.1 13.3 6.6

44 TCH VM 17,700 9.6 7.6 -13.7 283 363 52.5 48.5 1,352,819 12.8 1.5 16.6 15.1

45 HNG VM 8,360 -12.9 -11.5 -24.3 282 767 35.1 48.0 846,475 8.2 0.6 7.6 2.5

46 KBC VM 12,550 -7.0 -14.0 -23.7 260 470 75.2 23.3 2,633,651 10.2 0.7 7.3 3.9

47 PME VM 85,900 N/A N/A N/A 247 65 100.0 0.0 N/A N/A N/A N/A N/A

48 HCM VM 43,200 -0.2 4.3 15.8 246 130 38.0 44.7 358,298 12.6 2.1 17.8 10.6

49 DXG VM 18,000 -10.4 3.8 -11.0 238 300 71.5 19.4 3,649,403 6.3 1.5 32.6 12.9

50 VCF VM 200,000 0.0 -3.8 11.1 234 27 30.7 19.3 704 13.7 2.3 18.3 12.9

51 HT1 VM 13,400 -7.9 -21.6 -37.7 225 382 20.0 43.4 299,008 10.2 1.0 10.0 4.3

52 TRA VM 119,000 3.9 -0.1 15.2 217 41 68.3 0.0 38,355 22.2 4.7 22.4 16.5

53 TLG VM 99,000 2.1 -5.0 22.6 217 50 25.6 71.9 2,470 20.7 4.7 23.6 18.0

54 NKG VM 37,450 4.0 24.0 25.4 214 130 43.9 53.0 590,505 5.9 1.8 38.7 9.3

55 PVT VM 16,150 11.4 17.5 23.3 200 281 48.9 18.5 194,759 12.9 1.3 10.1 4.0

56 LGC VM 22,500 4.4 -2.2 0.9 191 193 N/A 4.0 993 27.9 1.8 6.3 1.8

57 VHC VM 46,950 -9.4 -5.7 -11.1 191 92 25.1 61.8 58,539 8.0 1.5 20.8 11.2

58 NLG VM 27,200 -1.8 -12.3 1.7 188 157 56.6 3.9 628,162 8.1 1.5 20.3 8.0

59 PAN VM 34,000 -2.9 -7.1 -6.9 176 118 59.8 54.1 10,219 9.6 1.5 15.5 8.3

60 PC1 VM 34,600 0.7 -4.4 11.1 176 115 72.0 5.0 114,482 9.9 1.7 18.7 7.8

Price change (%)

Source: Bloomberg 13-Nov

DAILY MARKET RECAP 13 November 2017

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