Vietnam Daily Market Recap May 04

HDB is one of a few banks which will be able to grant a high credit quota from the SBV in FY23F. Sectoral headwinds will hinder HDB’s NP growth to 16-20% yoy over FY23-24F. However, it is still better than…

Market commentary: Bottom-fishing demand rose in the afternoon session The VN-INDEX rebounded after a strong correction in the past few weeks. On global scale, FED has officially annouced raising interest rate by 75 basic point (same level as market’s concensus)…

Market commentary: The VN-Index bounced back in the afternoon with decreasing liquidity Despite selling pressure in the morning session, the VN-INDEX bounced to gain 10.3pts, reaching 1,262.3pts. The U.S. stock markets declined slightly on Thursday after the investors’ excitement cooled…