Securities on March 17: Earn a profit of 1 billion USD, the list is expanding

The International Commercial Joint Stock Bank (VIB) of President Dang Khac Vy on March 16 held its annual general meeting of shareholders with a profit plan of more than 10 trillion dong in 2022 and set a strong growth target and expected profit. billion USD in the next 5 years.

The previous billion-dollar profit milestone was quite far away for Vietnamese businesses. However, the breakthrough in scale and services of banks and a number of businesses in the fields of real estate, steel… has helped many businesses make a mark of billions of USD in profits in the past 2-3 years.

In the difficult year 2021, stock market (STC) Vietnam recorded 5 businesses reaching the billion USD profit milestone, of which there are 3 new faces including Techcombank (1 billion USD), VPBank (38 trillion dong), Hoa Phat (1.5 billion USD).

Vinhomes and Vietcombank have recorded a profit of billion USD in the past 2-3 years. In 2021, Vinhomes of billionaire Pham Nhat Vuong achieved pre-tax profit, up 33% from the previous year to nearly 48.5 trillion VND (2.1 billion USD).

MBBank (MBB) has ambitions to triple its current profit to 45 trillion dong by 2026. MBBank currently has 13 million customers, of which 11 million use digital platforms.

Many Vietnamese businesses have made billions of dollars in profits.

In the document of the 2022 Annual General Meeting of Shareholders, Asia Commercial Joint Stock Bank (ACB) plans to increase pre-tax profit by 25% to more than 15 trillion dong in 2022. With this growth rate, only In a few years, ACB will also enter the billion-dollar profit club.

While Vinhomes made a breakthrough thanks to the real estate market and Hoa Phat Group expanded and dominated the steel market, the group of banks benefited from a strong growing economy and demand for capital and related services. banking has thrived.

The sharp increase in share prices in 2021 also makes it easier for banks to issue more shares to increase capital and expand business operations. The change in shareholder structure also helped many banks to grow strongly. KienLongBank shares increased about 2.6 times within a year and increased by nearly 40% in the past 4 sessions.

Vietnamese stocks recovered again.

Recently, the domestic banking industry has also been negatively affected by the conflict between Russia and Ukraine as inflationary pressures increased worldwide. Banks will have to increase deposit interest rates while lending rates cannot increase because the production situation of enterprises has not yet recovered. However, according to VDSC, the banking group remains attractive in the medium and long term.

According to VDSC, the US interest rate hike will not have a significant impact on Vietnam’s banking industry, thanks to good USD inflows. The growth story of the banking group will gradually become clearer in the second half of 2022

Strong volatility potential

According to SHS, the trading session on March 17 is the expiration session of the VN30 futures contract in March 2022 on the derivatives market, so strong fluctuations may take place, especially at the end of the session.

However, if there are no surprises at the end of the session, SHS is still inclined to the possibility that VN-Index can continue the current recovery momentum to gradually narrow the gap with resistance at 1,470 points.

According to YSVN, the market may continue to recover and VN-Index may retest 1,470 points. At the same time, the market is still in the short-term technical recovery phase, but the short-term cash flow is still weak, showing that the market has not been able to establish a clear uptrend in the short-term. The positive point is that the cash flow is still diverging, which usually happens at times when the portfolios of two ETFs are restructured.

Closing the session on March 16, the VN-Index increased by 6.59 points to 1,459.33 points. HNX-Index increased 2.66 points to 446.18 points. Upcom-Index increased 0.48 points to 116.04 points. Liquidity reached 21.1 trillion dong, of which 18.7 trillion dong was on HOSE.

V. Ha