CTD: Strong backlog drives 24% NPAT-MI growth in 9M 2017 vs 9M 2016. We joined CTD’s analyst meeting today. Management disclosed that newly signed contracts reached VND21.3 trillion (USD934 million) in 9M 2017, which underpinned an end-September backlog of VND25.6 trillion (USD1.12 billion, up ~20-25% Y-o-Y).
VN-Index traded sideways at its highest level since February 2008, closing up one tenth of a percent on Thursday. ROS (+7.0%) hit its trading ceiling for a second day to lead gainers and reach a five-month high while MWG (+2.7%) reached a fresh record high. The stock has jumped 14% so far this month on no news.
The VN-Index followed its best day since June yesterday by peaking above 831 on Wednesday before sliding late in the session to close down less than one tenth of a percent. Trading volume on HOSE jumped to USD210 million, well above the daily average of the past year of USD154 million. BHN (-6.9%) made the largest contribution to today's loss and has slumped 18% over the last seven days while ROS (+6.9%) was the biggest contributor among gainers.
The VN-Index jumped more than one percent for the first time in four months on Tuesday, closing up 1.1%. The index is now up 25% so far this year. Gainers were led by VCB (+5.0%), which jumped to a record high on its largest one-day increase since the first trading day of 2017. Banks BID (+5.7%), CTG (+1.3%), VPB (+1.2%), MBB (+1.5%) and EIB (+1.8%) also all rose as investors eye Q3 results due to start being released this week.
DXG: sets October 31 as ex-rights date for 2017 interim stock dividend. OUTPEFORM. Dat Xanh Group (DXG) announced that October 31, 2017 will be the ex-rights date for the 2017 interim stock dividend of 5% (20 existing shares will receive one additional bonus share). It follows the 2017 AGM Resolution, where shareholders approved the 2017 dividend plan of 20% on par in either cash or shares while the interim dividend will not exceed 10%.
The VN-Index closed at the high of the session, up six tenths of a percent to a fresh multi-year high. The index rose each day this week, or 1.7%, its best week in the last six. Brewers led both gainers and laggards, with SAB (+2.3%) up 4.5% for the week and BHN (-6.9%) giving up 11% over the last five days after a 59% jump during the preceding month.
The VN-Index, which has advanced 7.2% over the last seven weeks, enjoyed a small gain on Thursday for a fifth straight day, closing higher by three tenths of a percent. VJC (+2.7%) rose after the budget carrier signed a code share deal with Qatar Airways, one of the top airlines in the world. HVN (+6.0%), which trades on UPCoM, soared after the Vietnamese flag carrier confirmed a joint venture deal with Air France that includes routes connecting Vietnam and Europe.
The VN-Index hit a fresh nine and a half year high on Wednesday as the market closed up four tenths of a percent. VIC (+5.2%) jumped to a record high, extending a 22% rally over the last two months, as Vincom Retail finalized a list of shareholders in order to likely list its shares on HOSE in November. VPB (+3.9%) reached its highest level since listing in August amid investor expectation of strong Q3 results.
The VN-Index was in negative territory on Tuesday until the final hour of trading, when strong buying pushed the market up two tenths of a percent at the close. The index rose for a third day in a row to reach its highest level since February 2008. Consumer discretionary was the best performing sector today amid expectations of strong Q3 results later this month. MWG (+3.9%) led gainers, jumping to a record high and extending a 60% surge so far this year, while PNJ (+2.3%) also advanced.
September exports again came stronger than the authorities’ estimate. The General Department of Customs, once again revised September’s trade balance to USD1.1 billion, from the previous estimate of USD400 million released at the GSO end of last month. This was similar to last month's revision. In August, the General Department of Customs also made a large adjustment of around USD1.2 billion (revised trade surplus from USD400 million to USD1.6 billion).