Market Brief 14/09/2022

CASA of the banking system increased by more than VND 35,200 billion after 6 months. As of June 30, 2022, Techcombank (TCB) was the bank with the highest CASA ratio in the system, reaching 42.6%, down from 45.6% at the beginning of the year, mainly because the CASA balance still reached VND 152,659 billion, down 4%, equivalent to a decrease of VND6,200 billion compared to the beginning of the year. Behind Techcombank in terms of CASA ratio is MBB, with the ratio falling from 40.6% to 36%. Next is Vietcombank (VCB) with a CASA ratio of 34%, up from 32.4% at the beginning of the year, when the amount of CASA from customers increased by 10%, equivalent to an increase of VND 38,303 billion.

NVL: 3 projects to be launched for sale by the end of this year, including co-development of project in the Central region; Grand Sentosa project and a new project in HCMC

POW: total revenue in August reached VND1,868b, up 3% over the same period last year and exceeding 16% of the plan. Accumulating 8 months, POW recorded VND18,540b in total revenue, down 7.6% over the same period

VIC: Reuters, Nikkei Asia and world famous car websites simultaneously reported on VinFast handing over the first 100 VF 8 cars to Vietnamese customers.

In today's trading session, VNM and SAB were both among the top net sellers of foreign investors with a value of 22 billion dong and 18 billion dong, respectively.

VJC: The expected proceeds from the upcoming private placement of shares is 4,698 billion dong, which will be used by the company to buy 1,136 billion dong of aircraft; VND 1,242 billion to lease and purchase aircraft repair engines and an additional VND 2,320 billion to supplement liquidity and working capital for business activities.