The champion broke out nearly 65%, only one blue-chip reached the TOP with the strongest increase in HoSE
The “Sell in May” effect seems to have been true for Vietnam’s stock market in May of 2022. The context of many global markets’ sharp corrections affected investor sentiment, negative information pushed pressure. selling increased in many stock groups. Meanwhile, the internal factors of macro or business results growth of domestic enterprises are still recording relatively prosperous. At the same time, the inspection, examination and handling of violations on the stock market by the authorities over the past time are helping the market become more transparent and develop more sustainably.
In terms of scores, the VN-Index ended May 31 down slightly by 1.24 points, thereby backing to 1,292.68 points, significantly recovering from the bottom of 1,171.95 in the middle of the month (May 16). . However, compared to the level at the beginning of May, the main index of Vietnam’s stock market has decreased by 5.4%. Followed by the liquidity pressure drop, the average trading value in the month was just over 17,700 billion VND/session, down more than 30% compared to the trading value in the previous month.
However, despite the market’s deep correction, there were still stocks that made an impressive comeback, recording a relatively solid uptrend.
The gaining champion belongs to stocks on HNX with an increase of nearly 65%.
The winning position in November belongs to MAC stock of Maritime Technical Services and Supply Joint Stock Company (Maserco). After a series of sharp declines in April, the MAC market dropped to trade at the price range of 6,100 dong/share at the beginning of May. However, the stock accelerated in the second half of the month, recording 5 gaining sessions. ceiling drama interspersed with gaining sessions. Thanks to trading on HNX where the maximum gain/loss margin was 10%, MAC stock quickly recorded an increase of approximately 64% to close May 31 at 10,000 VND/share.
MAC stock won the ‘champion’ with an increase of nearly 64% after 1 month
Although the stock increased strongly, the liquidity of MAC did not have any sudden changes, still remaining at a few hundred thousand units matched each session. Notable information is that MAC stock is currently being controlled and the list of securities is not eligible for margin trading because the two consecutive years of 2020 and 2021 after-tax profit is negative. Explaining this, the cause of the loss was that Maserco had to make provision for bad debts, provision for investment loss, and the impact of the pandemic leading to a decrease in output.
Entering 2022, the company continued to have another loss-making quarter, the first quarter’s profit after tax was more than 625 million dong, a bit better than the loss of more than 2 billion dong in the same period. last year. Currently, Maserco has not held a meeting as well as announced the documents of the 2022 Annual General Meeting of Shareholders, the list of shareholders will be closed on June 16.
Two stocks on the UPCoM floor gained more than 60% thanks to the expansion of the trading range after the “clinical death” period.
An increase of over 60% in May was also recorded in two shares of CCV of Vietnam Urban and Industrial Construction Consulting Joint Stock Company and DDH of Hai Phong Waterway Traffic Assurance JSC. However, not actively trading, these two stocks have in common that they are “clinically dead” with many consecutive sessions without liquidity.
The only two trading sessions in the month were also two sessions where the price hit the ceiling, in which one session was extended to 40% (because the stock had no trading in the previous 25 sessions). This brought CCV and DDH to the top of the biggest gainers in May.
Two stocks CCV and DDH increased strongly after a long period of “freezing” liquidity
Bluechips are the only ones in the top 10 highest gainers on HoSE
Notably, amidst the strong sell-off wave, it is impossible not to mention the good gain of a rare blue-chip, REE – Refrigeration Electrical Engineering. Although considered to be in the defensive group, REE in recent months not only proved to be unaffected, but even attracted great attention when continuously breaking through new peaks, closing session 30/month. 5 rose by nearly 5.7% to 94,700 VND/share – a record price in the history of existence on the stock exchange. Accordingly, the market capitalization climbed to an unprecedented high, more than 33,000 billion dong. After a slight correction in the last session of the month, REE still recorded an increase of 26.3% in May, being the only blue-chip in the top 10 strongest gainers on HOSE.
The factor that makes REE attractive comes from positive business results with Q1 net revenue increasing strongly 73% y/y to VND 2,045 billion. After deducting expenses, REE’s after-tax profit was more than VND 955 billion, double that of the same period last year. At the same time, other supporting information is that REE has just conducted a stock dividend at the ratio of 100:15, corresponding to the issuance of more than 46 million new shares.
On the other hand, REE is still in the basket of “diamonds” VNDiamond, the name is considered a magnet to attract foreign capital with a relatively high proportion of over 8%.
The newly published report of VNDIRECT said that 2022 is expected to continue to be a positive year for hydropower thanks to the La Nina phase that will last until the end of the year. Therefore, Refrigeration Electrical Engineering (REE) is considered a strong candidate with a dense hydroelectricity portfolio and a new hydropower project coming into operation.
REE has continuously surpassed the peak in recent times
Meanwhile, on UPCOM, PND stock went upstream thanks to many consecutive gaining sessions. Around the first half of May, PND increased for 6 consecutive sessions from April 29 to May 10, many sessions increased almost to the limit, thereby recording an increase of nearly 66% after only 2 trading weeks. Although there were corrections in the following sessions, however, PND still ended the last session of May at 32,700 dong/share, equivalent to an increase of more than 49% within 1 month.
Notably, in the past, PND also attracted many investors’ attention at the end of 2020. The market price continuously increased to the ceiling for 16 sessions, 10 times more after more than 1 month, from 2,100 dong/share up. 20,000 VND/share before falling to the floor for 5 consecutive sessions.
In terms of business situation, in the past year of 2021, the company achieved net revenue of 1,367 billion dong, up nearly 50% compared to the previous year. As a result, this enterprise has successfully converted losses to profits, when its profit after tax reached more than 4.5 billion VND while in the same period in 2020 the loss was nearly 46 billion VND. Planning for 2022, PND’s revenue is expected to reach VND 1,099 billion, equivalent to a decrease of 20% compared to the previous year; profit before tax is expected to reach 4 billion dong, slightly lower than the performance in 2021.
PND surged mainly in the first half of May
Operating in the petroleum segment, but on HoSE, COM shares of Petrol Materials and Materials Joint Stock Company recorded a “modest” increase of 41%. The gain of COM was relatively solid with the number of gaining sessions alternating with decreasing sessions, in total COM gained 12 sessions, of which 4 sessions went to the ceiling, the rest fell and stood at reference. As a result, from 46,900 VND/share, the COM market price has now surpassed 65,900 VND/share.
COM sells petrol and oil in Ho Chi Minh City and neighboring provinces. With commercial characteristics, the cost of goods sold accounts for a high billion, so although net revenue in the first quarter increased by 33% to VND 1,056 billion, COM’s net profit was only VND 58 million – a sharp decrease compared to the previous quarter. profit of more than 13 billion dong in the same period last year. Accordingly, by the end of the first quarter, COM has completed 30% of the revenue target, but it is still far from the profit target.
COM “silent” increased more than 40% within 1 month
A series of other stocks increased strongly in May
Last May, there were also many stocks against the market with good gains, most of them traded on UPCoM due to large fluctuations. Specifically, EAD of Dak Lak Electricity increased by 40.4%, DUS of Da Lat Urban Services increased by 40%, IME of Industrial Construction increased by 39.9%, FBC of Pho Yen Mechanical increased by 39.7% , CAP of Yen Bai Forestry Products increased by 37.3%, ST8 of Sieu Thanh Equipment increased by 33%, VTL of Thang Long Vang increased by 32.7%, CTT of Vinacomin Machine Manufacturing increased by 32.5%, VLA of PT Van Lang Technology increased by 29.57%…
Top 10 stocks with the strongest increase in May on HoSE
Top 10 stocks with the strongest increase in May on HNX
Top 10 stocks with the strongest increase in May on UPCoM
Meanwhile, the VN30 basket only recorded 8/30 stocks with a positive increase in May, led by GAS with a growth of 11.04% with the most prominent trading session on May 31 when it hit the ceiling price of 7%. to 117,000 VND/share, bearing the burden of the general index of the market. GAS’s flourishing movement is attributed to the evolution of the world oil price scale, returning to the 14-year peak reached in March after a recent correction.
Similarly, VHM of Vinhomes, FPT or PNJ of Phu Nhuan Gold recorded an increase of about 5-7% after a relatively volatile trading month of the general market, HDB ended May 26,100 dong/share (session 30/share). 11), equivalent to an increase of 3.16% compared to the beginning of the month. Or POW also increased more than 3% to close the month at 13,550 VND/share.
Thus, after the boom period at the end of last year, the current growth rate equal to times did not even appear in May. However, stocks that have good intrinsic value and have their own growth stories are still making breakthroughs despite strong market fluctuations. In the current context of declining liquidity, cash flow will hardly be able to spread to all codes in the market, so the divergence in recent sessions is quite understandable. Therefore, with potential stocks or supported by positive information, investors can continue to hold. On the contrary, stocks that are speculative or have “hot” gains in the previous period should take advantage of the pullback to close out their holding positions.
at Blogtuan.info – Source: cafebiz.vn – Read the original article here
