Pham Minh Huong
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16/05
Year 2022
Vietnam Daily Market Recap May 16, 2022 – PNJ & Economic update
Market commentary: The VN-INDEX fell 0.9% as selling pressure dominated late trading The VN-INDEX began the week by falling 10.8pts in Monday ‘s session as several market pillars lost ground in late trading . After a significant drop in the…
16/05
Year 2022
Economic update – All about the FED
After twice hikes of 75 bps, another 175 bps of hikes are now reflected for the rest of the year, pushing the Fed rate at about 2.5% by end-2022. We see five major impacts of the Fed’s tightening of monetary…
16/05
Year 2022
PNJ – Attractive valuation from shinning business – Update
1Q22 revenue and net profit grew robustly of VND10,143bn (+46.6% yoy) and NP of VND721bn(+40.5% yoy), fulfilling 44.6% of our FY22F forecast. We expect net profit to accelerate 60.5%/24.1% yoy in FY22/23F. Reiterate ADD with TP of VND131,100. Market Price…