Vietnam Daily Market Recap April 25 – HSG, MBB & DGW Earnings; SAB, KDH, VHC, PC1, PLX , STB & NKG AGM Notes

Stocks advance, led by VIC, VHM

The VN-Index opened in positive territory on Friday, dipped mid-session but quickly recovered in the afternoon, closing up 0.5% at 1,229.2. Total liquidity increased 15.3% DoD to VND20.3tn (USD780.6mn). The HNX-Index also increased 0.3% to 211.7. For the week, the VN-Index only inched up 0.8%, driven by investor uncertainty with Trump’s tariff policy.

Most sectors were in the green today, led by Media (+3.1%), Real Estate (+2.2%), Food & Beverage (+1.9%) and Oil & Gas (+1.4%). On the contrary, Telecommunications (-1.9%), Health Care (-0.7%) and Banks (-0.7%) declined.

MSN (+3.5%) advanced on strong quarterly results. On April 25, Masan Group (MSN) released its 1Q25 earnings during its Annual General Meeting, reporting an 11.1% YoY LFL revenue increase to VND18.9tn (USD728mn) and a 3.8x YoY increase in NPAT Post-MI to VND394bn (USD15.2mn). Key segments like WCM (revenue +10.4% YoY) and MML (+20.4% YoY) drove growth, with MHT benefiting from a 12.0% YoY LFL revenue rise amid higher commodity prices. Masan expects FY2025 revenue of VND80tn-VND85.5tn (USD3.1bn-USD3.3bn), reflecting 7%-14% YoY LFL growth, focusing on consumer-retail expansion and deleveraging.

Foreign investors were net sellers today, with a total net selling value of VND589bn (USD22.7mn). Selling momentum was focused on FPT (VND147.4bn, USD5.7mn), VIC (VND146.8bn, USD5.6mn) and STB (VND127.9bn, USD4.9mn). On the other hand, they bought HPG (VND87.3bn, USD3.4mn), MSN (VND63.7bn, USD2.4mn) and HDB (VND55.3bn, USD2.1mn).

Top performers today included VIC (+6.9%), VHM (+1.8%) and VNM (+3.5%). Top laggards included VCB (-1.2%), BID (-1.3%) and LPB (-2.1%).

Read the full report: HERE