Viet Nam Market weekly

JUN 27-JUL 01, 2022

Over
VN-Index
view Index HNX-Index
1,198.90 UPCOM-Index
(1,170.95–1,221.74)
278.88
(269.21– 285.56) 88.18
(86.57– 89.39)

In this issue
Market Highlights
Market overview The total volume and value continued dropping and down to the
lowest level of the month. Although the market didn’t decline deeply
this week and had increase days, the extremely low liquidity still
Industry overview prevented the purchase of investors. The number of gainers was
more than the number of losers this week. Financial services, banks,
telecommunication were leaders of gainers while retails and
Foreign trading overview chemicals were the biggest losers. Foreign investors were net buyers
on HOSE but they were net sellers on HNX and UPCOM this week.
Their trading volume and value also decreased much this week. Top
Business news net buy stocks: VND, CTG, GEX, STB, FUEVFVND, NLG, HDB. Top
net sell: VPB, HPG, SHS, BSR, DCM, NVL, VNM.
 Viet Nam Market weekly

Market Overview
Market width– HOSE
VNIndex

27-Jun 28-Jun 29-Jun 30-Jun 01-Jul

Close: 1,198.90 1.30 173 183 58

High: 1,221.74 (20.49) 80 280 54

Low: 1,170.95
(0.01) 156 190 68
Total vol:
2,720,211,547 15.28 256 104 54
shares
17.34 283 73 58
Total value:
61,326VNDbn 0 100 200 300 400 500
HOSE Increase Decrease Stand

Top trading value on HOSE Top increase/decrease VNIndex

 Viet Nam Market weekly
Market width– HNX

01-Jul
HNX Index 1.19 81 102 164

Close: 278.88

30-Jun
(4.66) 56 145 146
High: 285.56

29-Jun
Low: 269.21 (1.52) 80 106 162

Total vol:

28-Jun
3.45 130 65 153
318,787,339
shares

27-Jun
4.50 145 52 151
Total value:
6,190 VNDbn 0 50 100 150 200 250 300 350
HNX Increase Decrease Stand

Top trading value stock HNX Top increase/decrease HNX

SCG L14 MBS Proportion -30.42%

ALT
3.1% 2.1% 1.7%
Others Trading value
IDC 30.7% TKC -19.18%
6.6%
on HNX
CET -18.84%

BST -16.97%
SHS BKC -15.28%
8.6%
VKC -13.46%
HNX-Index -0.55%
VTZ 16.47%
PVS TST 17.57%
15.4%
TNG
VTJ 18.42%
9.6%
TTL 19.05%
VNC 24.33%
SPI 42.86%
CEO HUT
10.6% 11.5% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50%
 Viet Nam Market weekly

Market width– UPCOM

UPCOM Index

27-Jun 28-Jun 29-Jun 30-Jun 01-Jul

(0.41) 137 205 519
Close: 88.18
High: 89.39 (0.30) 128 169 564

Low: 86.57 (0.13) 149 130 583

Total volume: 0.86 207 99 557

259,954,527
shares 1.04 196 107 560

Total value: 0 100 200 300 400 500 600 700 800 900
4,332 VNDbn
UPCOM Increase Decrease Stand

Top increase/decrease UPCOM

Top trading value stock UPCOM

PAT TVH -39.95%

VHG PAS Proportion
1.7% 1.5% 1.6% Others -27.71%
Trading value HLB
VUA 36.1%
SBS 2.0% on UPCOM KTC -26.92%
2.5% -24.32%
YBC
HTM
KHA -23.39%
2.8%
DSG -23.08%

SSH UPCOM-Index 0.05%

4.2% 31.65%
KTL
TVG 39.56%

DSC 49.32%
VGT
6.3% HEP 50.42%

UPH 51.61%

XMD 59.62%

-60% -40% -20% 0% 20% 40% 60% 80%

BSR
41.4%
 Viet Nam Market weekly

Industry overview

% Price change per sector Trading volume per sector (mil shares) Trading value per sector (VNDbn)

Financial services 5.86% Real estate 636.90 Real estate 14,183.58

Banks 3.21% Banks 528.05 Banks 12,030.53

Telecommunication 2.52% Financial services 451.53 Financial services 7,740.67

Cars and parts 2.36% Construction and materials 259.23 Food and Beverage 5,560.55

Basic resources 2.27% Basic resources 227.59 Construction and materials 4,808.32

Personal and hosehold products 1.98% Food and Beverage 168.81 Basic resources 4,221.95

Travel and Leisure 1.70% Chemicals 157.49 Chemicals 4,189.83

Construction and materials 1.58% Industrial products and services 148.45 Industrial products and services 3,975.16
Stock investment/Non-stock Oil and gas
1.38% Oil and gas 146.12 3,540.23
investment
Electricity, Water, Petroleum and Retails
Healthcare 1.21% 118.53 2,553.07
gas
Information technology 0.96% Personal and hosehold products 87.64 Electricity, Water, Petroleum and gas 2,542.70

Food and Beverage 0.74% Retails 65.07 Personal and hosehold products 2,246.74

Industrial products and services 0.17% Cars and parts 37.41 Information technology 1,486.82

Real estate -0.44% Information technology 32.32 Travel and Leisure 653.20

Media -0.46% Travel and Leisure 20.54 Insurance 560.71

Electricity, Water, Petroleum and Stock investment/Non-stock Cars and parts
-0.55% 20.37 521.68
gas investment
Stock investment/Non-stock
Oil and gas -0.85% Healthcare 16.69 investment
480.04

Insurance -1.01% Insurance 14.48 Healthcare 283.96

-3.38% Telecommunication 119.91
Chemicals Media 4.88
-5.62%
Retails Telecommunication 2.04 Media 119.56

-25%-20%-15%-10% -5% 0% 5% 10% 15% 0 200 400 600 800 1,0001,2001,400 0 20,000 40,000 60,000
 Viet Nam Market weekly

Change of Banking stocks Change of Telecommunication stocks Change of Retails stocks

BID 10.39% IHK 31.3% VTJ 18.4%
VIB 9.90% SFC 6.9%
FHS 31.2%
CTG 5.27% ST8 5.6%
HDB 4.93% ABC 4.1% LMH 4.3%
LPB 3.57% SID 2.9%
FOX 3.7%
EIB 3.02% HTC 2.9%
VBB 2.74% TTN 2.0% FRT -0.2%
OCB 2.71% AGX -1.6%
NBE 1.3%
STB 2.33% MWG -1.7%
TPB 2.25% PIA 1.0% CLX -3.6%
TCB 1.27% BTT -4.3%
CTR 1.0%
MSB 0.89% AMD -5.4%
VPB 0.69% FOC 0.0% PIT -5.6%
ACB 0.42% KLF -6.1%
VPR 0.0%
MBB 0.41% CMV -6.3%
VCB -1.20% SAP 0.0% PET -6.8%
NVB -1.27% 0.0% PIV -9.2%
IN4
SHB -1.47% TH1 -14.5%
PGB -1.52% IBD 0.0% DAN -15.0%
ABB -1.52% -0.3% COM -16.3%
EPH
BVB -2.29% KTC -47.9% -26.9%
SGB -3.19% VNX -14.0% DGW

-10% -5% 0% 5% 10% 15% -35% -20% -5% 10% 25% 40% -60% -50% -40% -30% -20% -10% 0% 10% 20%

Change Real estate stocks Change of Financial services stocks Change of Cars & parts stocks
VHD 20.1% DSC 49.3% CTF 8.8%
FLC 17.2% TGG 12.8%
OGC 15.2% FTS 11.4%
HTL 5.3%
BVL 14.9% TVS 5.9% CMC 2.5%
API 12.1% IVS 4.1%
HD8 11.1% HAX 0.3%
BSI 3.5%
TDH 8.4%
HCM 1.6%
HAG 3.0% VMA 0.0%
SBS 1.6%
CEO 2.9%
BCM 1.8% CTS 1.3% FTI 0.0%
KBC 1.7% VND 1.1%
VDS 0.9%
DRC -0.7%
DIG 1.1%
VRE -0.3% SSI -0.8% SRC -0.9%
KDH -0.5% MBS -1.1%
VIC -1.6% BVS -1.6% SVC -1.0%
VHM -3.3% VCI -1.8%
NVL -5.6% HHS -1.4%
SHS -3.3%
DXG -6.2% BCG -3.8% TMT -2.0%
ITA -11.8%
APG -4.9%
FDC -12.4% TCH -2.7%
-12.6% IPA -5.2%
LEC
STL PSI -5.3% CSM -3.9%
-13.0% -6.9%
VNI -14.2% EVS
KHA -23.4% CSI -7.2% GGG -13.1%

-30% -15% 0% 15% 30% -20% -5% 10% 25% 40% 55% -15% -10% -5% 0% 5% 10%
 Viet Nam Market weekly

Foreign trading overview

Foreign trading volume (mil shares)

180.00 Total foreign trading vol per stock (mil shares) Total foreign trading value per stock (VNDbn)
158.89
160.00 HPG
(7.25) NVL
142.82 …
140.00 VPB (5.41)
DGC (191.14)
120.00 SHS (3.39)
VPB (167.70)
100.00
BSR (2.94)
HPG (161.98)
80.00
DCM (2.66)
VNM (152.94)
60.00
NVL (2.56)
VIC (118.88)
40.00
TCH (2.29)
20.00 VCB (118.16)
2.69 6.66 2.12 4.95 VNM (2.15)
0.00 DCM (87.17)
HOSE HNX UPCOM SSI (1.81) BSR (82.53)
Vol Buy Vol sell
E1VFVN30 (1.64) SHS (47.89)
Foreign trading value (billion VND) FUESSVFL 1.32 HDG 56.27
6,028
5,844 NLG 1.55 NLG
6,000 56.53

TPB 1.58 VHC 85.56

5,000
KBC 1.72 HDB 91.03

4,000 FUEVFVND 3.53 FUEVFVND 95.43

HDB 3.74 STB 107.51

3,000
STB 4.81 GEX 117.71
2,000 GEX 5.68 MSN 146.52

CTG VND 164.66

1,000 8.95

9.08 CTG 234.45

50.0 87.0 85 157 VND
0
-15 -10 -5 0 5 10 15 -500 -300 -100 100
HOSE HNX UPCOM
Value Buy Value sell
 Viet Nam Market weekly

HSX-Foreign trading volume per day (mil share) HNX- Foreign trading volume per day (mil share) UPCOM- Foreign trading vol per day (mil share)

Daily foreign trading volume (mil shares) Daily foreign trading volume (mil shares)
40.0
Daily foreign trading volume (mil shares)
36.2 6.00 1.80

35.0 33.334.1 33.7 4.99 1.60 1.53

30.9 31.7 5.00 1.41 1.39
29.9 1.40
30.0 26.726.3
4.00 1.20
25.0
18.8 1.00 0.88
20.0 3.00
0.80
15.0 0.63
2.00 0.60
10.0 1.52 0.41
1.15
0.40 0.30
5.0 1.00 0.20 0.20
0.37 0.280.12 0.310.20 0.20 0.19
0.21 0.12
0.0 0.00 0.00
27/6/22 28/6/22 29/6/22 30/6/22 1/7/22 27/6/22 28/6/22 29/6/22 30/6/22 1/7/22 27/6/22 28/6/22 29/6/22 30/6/22 1/7/22
Buy Volume Sell Volume Buy Volume Sell Volume Buy Volume Sell Volume

HSX- Foreign trading value per day (VNDbn) HNX- Foreign trading value per day (VNDbn) UPCOM- Foreign trading value per day (VNDbn)

Daily foreign trading Daily foreign trading value (billion)

1,489value (billion VND)
1,522
Daily foreign trading value (billion VND)
1,600 60.00 55.58 60.00

1,400 1,375 47.93

1,218 1,235 50.00 50.00 47.12
1,200 1,149
1,034
980 974 40.00 40.00 37.37
896
1,000
31.15
800 30.00 30.00
26.17
20.91
600 18.74 17.09
20.00 20.00
12.99
400 11.71 11.83
10.00 4.99 7.67 10.00
5.97 6.01
200 3.38 4.31
4.22 3.73
0 0.00 0.00
27/6/22 28/6/22 29/6/22 30/6/22 1/7/22 27/6/22 28/6/22 29/6/22 30/6/22 1/7/22 27/6/22 28/6/22 29/6/22 30/6/22 1/7/22
Buy Value Sell Value Buy Value Sell Value Buy Value Sell Value
 Viet Nam Market weekly

Total for eign tr ading volume 4 latest Total for eign tr ad in g valu e 4 latest week
Total m ar ket tr ad in g vo lu m e an d valu e
300 week (m il sh ar es) 12,000 (VNDbn)
4,500
160,000 256
4,000 250 10,000
140,000 222 9,504
3,500 207 207 204 8,349 8,292
120,000 200 8,000 7,185 7,285 7,083
3,000 172
100,000 164 6,162 6,088
2,500 154
150 6,000
2,000 80,000

1,500 60,000 4,000

100
1,000 40,000
20,000 50 2,000
500
- -
0 -
Jun-week 1 Jun-week 2 Jun-week 3 Jun-week 4
Jun-week 1 Jun-week 2 Jun-week 3 Jun-week 4 Jun-week 1 Jun-week 2 Jun-week 3 Jun-week 4
Volume Value Vol Buy Vol Sell Value Buy Value sell

Business news

Rising costs cast doubt on wood companies (TTF) growth prospects

As wood export turnover is rebounding with rising demand in the domestic market, the revenues of wood enterprises are expected to advance.

However, skyrocketing prices of raw materials and logistics costs will weigh on these companies’ gross profit margin in 2022.

VNDIRECT Securities Corporation (VNDIRECT) estimated that the total revenue of listed wood and wood products companies in the first quarter
(Q1) of 2022 rose by 10.2 per cent year-on-year thanks to the recovery of wood producers in the south.

After the social distancing order was lifted, most wood companies in the southern region resumed operations at 90 per cent capacity in the first quarter
of 2022, while in the second half of 2021 it was only 60-65 per cent.

The export wood enterprises achieved better business results in Q1 of 2022. Specifically, Truong Thanh Furniture Corporation (HoSE: TTF) and Phu
Tai JSC (HoSE: PTB) witnessed impressive growth during the period, mainly boosted by strong demand from US customers and high inventories in
Q4 of 2021.
 Viet Nam Market weekly

Financial statements showed that net revenues of Truong Thanh and Phu Tai reached VND537.5 billion (US$23 million) and VND1.72 trillion,
respectively up 71.8 per cent and 22.5 per cent over last year.

An Cuong Wood - Working JSC (UPCoM: ACG)’s net revenue and net profit in Q1 of 2022 climbed 8.7 per cent and 18.7 per cent on-year, respectively,
thanks to gains in export revenue and declines in selling costs.

Meanwhile, domestic wood producers such as Vinafor (HNX: VIF) and GEWOODCO (UPCoM: MDF) posted negative growth, due to high input
materials and rising competitive pressure from the wood plank segment as other businesses continuously expanded capacity during the 2021-22
period.

Nevertheless, there is a common factor among wood industry businesses, that is whether their revenue increases or decreases, the gross profit
margin of most companies declined in 2022 due to higher input materials and logistics costs.

Of which, the gross profit margin of the wood segment of Phu Tai dropped 1.4 percentage points compared to the same period in 2021, to 21.3 per
cent, because the prices of imported sawn pine and round pine rose 52 per cent and 38 per cent respectively. The increase in wood prices is due to
the impact of the Russia-Ukraine conflict and high logistics costs.

The gross profit margin of GEWOODCO also slid 6.2 percentage points during the same period, due to a 20 per cent gain in input wood prices since
January 15.

Higher demand but costs soar

Market research and consulting firm Grand View Research forecast that the US wooden furniture market value would grow by around 7.9 per cent in
the five years from 2022 to 2027, driven by significant growth in single-family houses, while home loans in the US are at the highest level since 2018,
with home loan contracts up 8 per cent over last year in April.

Analysts expected that high demand for housing in the US would boost the purchase of wooden furniture products in 2022-2023.

The timber industry is also said to benefit from China's reduction in production capacity.

Despite countries around the world easing COVID measures, China continued to pursue the zero COVID policy with prolonged lockdowns in many
areas such as Jiangsu, Jilin, Guangdong and Shanghai. Three of the ten largest wood manufacturers in China have had to close factories in Shanghai
and Jiangsu due to the impact of COVID-19.

Experts believe that the policy will promote the shift of orders to Viet Nam. Currently, China is still Viet Nam's main competitor in the US furniture
market, accounting for 22.5 per cent of the US wood furniture import value in 2021.
 Viet Nam Market weekly

VNDIRECT expected that enterprises with a large proportion of wooden furniture exports to the US, such as Phu Tai, Truong Thanh and Nam Hoa
Trading & Production Corporation, would have advantages over others.

Moreover, demand in the domestic market might also recover thanks to the return from the residential real estate market.

The securities firm forecast that the real estate market would witness a recovery in the supply side in 2022, as developers would focus on boosting
sales to improve cash flow. This was reflected in the prospects of strong growth in sales of listed real estate companies this year.

Even though there are many advantages to revenue growth, higher prices of raw materials add pressure on the gross profit margin of enterprises in
2022.

The ban on exporting logs to European countries and the US by the Russian Government has tightened the global raw materials supply, leading to
soaring prices.

According to financial website Trading Economics, the price of lumber in the US advanced 25 per cent in Q1 to $1,412 a board foot. The gross profit
margin of most wood and furniture companies was reduced in Q1 due to high input materials and post-logistics costs.

VNDIRECT believed that the gross profit margin of wood and furniture companies in 2022 would be affected, as the supply shortage would continue
to push up the price of wood materials. This year, the gross profit margin of wood and furniture companies would continue to fall 0.4-0.6 percentage
points, VNDIRECT said.

Container shipping costs have increased from $1,500 per 40ft container (Shanghai-Los Angeles route) in July 2019 to nearly $8,852 per 40ft container
in March, six times higher over the last five years.

Although transportation costs have shown signs of cooling down in April, down 10 per cent from the previous month, the securities company still
expected that logistics costs would remain at a high level, approximately $7,000 per 40ft container in 2022 due to current high oil prices.

"High logistics costs may affect the gross profit margin of wood and furniture companies in 2022”, said VNDIRECT

Source: https://en.vietstock.vn/;
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