Market
Morning News, March 11: Number of securities accounts exceeds 12 million
Updates on global and Vietnamese macroeconomic developments, international and domestic stock market movements, and noteworthy information about listed companies.
Macroeconomic News
- US: Existing home sales in the US unexpectedly rose 1.7% in February, reaching 4.09 million units/year, exceeding economists' forecasts, while January figures were also revised upward.
- Middle East: Iran's crude oil production fell to 1.2 million barrels per day. The Iranian Refinery Industries Association (IIR) said Middle Eastern refineries have halted operations of about 1.9 million barrels of crude oil per day due to the US-Iran war.
- ECB: ECB officials are calling for caution in assessing the impact of the current energy price shock, stressing that the central bank should not react hastily before determining whether this price surge is temporary or likely to persist.
- Vietnam: Prime Minister: Immediately use the oil price stabilization fund; resolutely prevent energy shortages under any circumstances.
- Vietnam: Officially spending 4,000-5,000 VND from the price stabilization fund per liter of gasoline.
- Vietnam: Deputy Prime Minister Ho Duc Phoc chairs a meeting on restructuring Vietnam Railways Corporation.
- Vietnam: Ho Chi Minh City prioritizes attracting high-quality FDI.
- Vietnam: Foxconn invests an additional 39 million USD in Vietnam.
- Vietnam: Vice Chairman of Cooler Master Group (China) said the company wants to use Bac Ninh as a standard to build a global supply chain, with plans to invest about 3 billion USD in Gia Binh Industrial Park, creating jobs for about 40,000 workers.
Market News
- Vietnam: The number of securities accounts has surpassed 12 million—exceeding the government's 2030 target.
- VJC: The son of Ms. Nguyen Thi Phuong Thao has registered to purchase 2 million shares.
- BWE: BIWASE aims to acquire an additional 17.18% stake in Ninh Thuan Water Supply (NNT).
- F88: F88 targets 1,000 transaction offices, with revenue increasing by 42% by 2026.
- CDC: Chương Duong (CDC) finalizes shareholder list for the sale of nearly 53 million shares to double its capital.
- GEE: Gelex Power (GEE) has finalized the right to advance a 25% cash dividend.
- GEX: GELEX Group JSC plans to pay a total dividend of 33% for 2025, while issuing shares to increase capital from 20% of equity.
- VSH: Vinh Son - Song Hinh Hydropower (VSH) has set a 2026 profit target of 32% and a 2025 dividend of 35%.
- VGR: Green Port VIP (VGR) targets a 33.6% decline in 2026 profit and plans to transfer to the HOSE.
- PC1: PC1 Group Joint Stock Company (code PC1) has just announced a Board of Directors' resolution to terminate its investment in CT2 Real Estate Investment Joint Stock Company.
- STB: Sacombank targets a profit of 8.1 trillion VND and aims to reduce the non-performing loan ratio below 5% by 2026.
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Source: BIDV Securities (BSC)
