Date: 07/16/2014
DAILY TRADING STRATEGY
Index
Last
Change
%
Adv/Dcl
Vol (mil)
P/E
P/B
Vnindex
589.68
0.37
0.06
108/98
134.15
13.90
1.99
Hnx
80.16
(0.07)
(0.09)
101/72
70.70
15.46
1.05
VN30
637.13
1.04
0.16
9/11
35.17
#N/A N/A
#N/A N/A
Hn30
163.34
(0.66)
(0.41)
7/10
52.64
27.40
1.10
Shanghai
2067.28
(3.08)
(0.15)
440/429
12435.15
10.10
1.31
Nikkei 225
15379.30
(15.86)
(0.10)
167/35
1010.02
20.26
1.58
S&P 500
1973.28
(3.82)
(0.19)
214/277
545.60
18.05
2.74
MARKET HIGHLIGHTS:
VN-INDEX: 589.68 (0.37; 0.06%)
•
•
HNX-INDEX: 80.16 (-0.07; -0.09%)
•
•
Gold/Exchange Rate Last
Bid
Ask
VND/USD
21,205
21,180
21,230
VND/USD
(Unofficial)
21,170
21,210
21,130
SJC (mil vnd)
37
37
37
Global Gold (mil )
33
33
33
Overview: Stocks opened higher but lost all of the gain
at the end of the day. Both indexes closed at the same
level as yesterday with the VN-Index being at 589.68
points and the HN-Index being at 80.16 points. Liquidity
increased slightly to VND 2,244 billion (USD 106.8 mil)
in traded value for the VN-Index and VND 787 billion
(USD 37.5 mil) for the HN-Index.
That the tension at East Sea eased off was the main
support factor in the morning; however it was clearly
accounted into the market already. Stocks were at a
higher level than before the East Sea incident.
Foreign investors were net buyers at low value today
with total buying of VND 260.64 billion (USD 12.4 mil)
and selling of VND 213.58 billion (USD 5.2 mil),
producing net-selling of VND 47.06 billion, or USD 2.2
mil.
Investment stance: The market is overpriced at the
moment, therefore opportunities are still unclear. We’re
expecting a deeper correction in coming time.
Date: 07/16/2014
DAILY TRADING STRATEGY
TRANSACTIONS OF FOREIGN INVESTORS (Bil VND)
Cuu Long Pharmaceutical JSC
HPG – Hoa Phat Group
HIGHLIGHTED STOCKS:
•
Chart: Revenue growth and net income
•
Net
sales
Operati
ng
income
•
Net
incom
e
Chart: Total asset growth
•
Cash
Financial
Investments
•
(Source: Stox24)
HPG has published positive business performance in
the first 6 months of the year with revenue reaching
VND 13,339 billion and net income reaching VND
1,874 billion.
Net income of the Company rose sharply year on
year from the consumption of construction steel
increased 38% year on year, increasing consumption
of steel tube, the revenue recognition project at
Mandarin Garden (a revenue of 2,000 billion VNĐ).
Steel production complex Phase II of Hoa Phat
continuously shows promising performance as it has
contributed significantly to the increase in business
performance for the Company. Production of
construction steel of the company increased 228,000
tons year on year. Coke and power output also
increased respectively 80% and 93% year on year.
Thanks to modern technology investment and input
material, HPG continues to maintain its competitive
advantage as manufacturer has the lowest cost of
good sold in steel industry. Market share of HPG has
increased by 18% compared to 15% last year.
Currently, we do not see any steel company that has
the ability to challenge HPG in the northern market
and thus the company will likely continue to maintain
the current position in the coming years. HPG
intends to continue to invest in Hoa Phat Steel
Complex phase III with a capacity 750,000 tons /
year, the time investment is 1.5 years.
We appreciate investment in key areas of HPG. In
the context of most of the steel companies in the
North are facing difficulties, the leader in
strengthening investment and production efficiency
will help HPG continues to maintain its leading
position in the industry in the coming years
DAILY TRADING STRATEGY
Date: 07/16/2014
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