VCSC Daily - Stocks inch higher, BID hits trading ceiling - REE
The VN-Index inched higher, closing up less than a tenth of a percent for a fourth consecutive day of gains. PVT (+6.6%) jumped to a 10-year high of VND20,150 and has advanced 40% YoY. We raised our recommendation for PVT to BUY on February 26 with a target price of VND21,800. BID (+6.9%) extended a 53% surge over the last two months amid no apparent news catalyst. Fellow banks CTG (+3.0%), MBB (+3.3%) and HDB (+1.1%) also outperformed the market.