20161221_BSC_Vietnam Daily Review_EN_Rebound_Company Updates – BCC

Highlight

VN-Index traded in the green in most of the session when the largecaps like SAB, VNM, MSN, GAS, HSG and HPG assisted it. VNM made surprise in the session when rising from 121.5 to 126.1 despite information of negative growth in the fourth quarter and the lowest profit in 7 recent fiscal quarters. Liquidity on the HSX continued downward trend with only 81 million shares were traded equivalent to trading value of 1829 billion. Ending the session, VN-Index closed at its highest level during the day at 666.94 (+ 0.65%), HNX also increased by 0.48 points to 80.25 (+ 0.61%).

Recommendation

VN-Index quickly got the green color when the big stocks like VNM, SAB, GAS and steel group gained good. Although liquidity is somewhat slightly decreased in the gain today, the possibility of further recovery of the VN-Index is still likely. Steel shares (HPG, HSG) recommended earlier this week were actively traded than the average market. Investors are recommended to hold share of steel when the uptrend is getting firmer, while also paying attention to banking and financial stocks and take profit on rubber group as recommended from the beginning of the week. In addition, oil and gas stocks, and most especially GAS leading shares may also be interested when the world oil pricecurrently set successively new high prices

Company updates - BCC - Bimson Cement JSC (HNX)