Stock Market

When it comes to P/E ratios compared to the 6-year average, ABS believes that large-cap industry groups have been heavily discounted.

In 2019, when the company had a workforce of approximately 45,000 employees, Mr. Nguyen Duc Tai likened Thế Giới Di Động to a ship, with no employees or workers, but only a crew of 45,000 sailors setting sail together to fish and share the rewards. 2023 marks the first time in the past 10 years that the ship has reduced its crew.

Quốc Cường Gia Lai recorded a net profit of 13.7 billion VND in Q4/2023, resulting in a full-year profit of 10.2 billion VND for 2023, a decrease of 68% compared to the performance in 2022.

In Q4/2023, Nova Consumer recorded a net loss of over 173 billion VND, marking the sixth consecutive loss since its IPO in early 2022. With losses in all four quarters, the company's annual net loss for 2023 reached 247.7 billion VND.

Large bank stocks continued to decline, making it difficult for the VN-Index as the Lunar New Year approaches. However, the main index managed to recover and surpass the 1,180-point mark thanks to the strong performance of a few individual stocks. Despite the recent closure of 200 stores by Thế giới Di động, MWG emerged as the market leader.

If you combine the market cap of Vietcombank and BIDV, along with the market cap of Vietinbank (which is approximately 960 trillion VND), it already surpasses the market cap of the top 30 largest real estate enterprises (which is around 788 trillion VND).

On HOSE, the main foreign buying focus is SSI stock with a value of VND 195 billion.

The AGM is expected to approve a series of content, notably the proposal to increase the registered capital from the treasury shares to existing shareholders and the issuance of shares under the Employee Stock Ownership Plan (ESOP) 2024.

Regarding the performance of MWG stock, over the past three months, it has shown a relatively strong upward trend, with a nearly 23% increase in its market value.

The VN-Index experienced its biggest drop of the year today (31/1), closing down over 15 points. Trading volume surged due to profit-taking pressure, mainly focused on the banking sector. SHB saw a record high turnover with over 127 million shares changing hands.