[BSC Vietnam] What Happened To The Coins Yesterday? (MIG) 18.01.2018 (DELAYED)

|Includes: VanEck Vectors Vietnam ETF (VNM)

Summary

  • Stocks rallied 1.5% and closed at session highs, a powerful move that was something of a surprise after the huge beat down yesterday (people blamed margin lending and IPO).
  • MIG (Mkt Cap $43 Mil– P/E Forward 13.8x – P/B forward 1.34x). MIG stand for Military Insurance Company which is ranked No6 in top 6 non-life insurance companies.
  • What happened to the coins yesterday? If you think the -2.66% drop of Vnindex yesterday is scary, you ain’t seen the coins yet.
  • Our team have just finished the 2018 reports on Macro&Market, Sector review and sector outlook. We hope those reports can suggest few Ideas for 2018.

Dear Valued clients and partners

·         Stocks rallied 1.5% and closed at session highs, a powerful move that was something of a surprise after the huge beat down yesterday (people blamed margin lending and IPO for the drop). 5/5 sectors end in the green, led by material (+1.71%), Finance (+1.65%) and Consumer staple (+1.16%). The other side of the hill was healthcare (-1.7%)

Today’s Markets:

·         Indexes : VN-Index 1.5%, HNX-Index 1.22%,  Upcom 0.34%

·         Active : HOSE: HPG, SBT, PLX, VJC, DXG.   HNX: SHB, DST, HUT, SHN.

·         Index movers : Leader: VCB, VNM, VRE, HPG, MSN  Laggard: DHG, CTD, BHN, SAB, PDR

·         Foreigner, Buy : MSN, HDB, VJC, BVH, GAS.  Sell: CTD, PLX, VNM, DHG, HSG.

·         Notice stocks : PLX, TCM, VJC, MSN, VCB, HAG, REE, GMD, SHB, VGC, LPB.

·         Trading volume : ~ 381.3 million shares Trading value : VND 9341.8 bil ~ 411.5 USD mil

·         Foreigner transaction Net: 32.6 mil USD Sell 35.2 USD million and Buy 67.8 USD million

·         Derivative market Trading value: VND 2,709.5 billion 57.4% ~ USD 119.4 million; VN30F1801 @  1044.3; VN30F1802 @  1052; VN30F1803 @  1070; VN30F1806 @  1076

Corporate update:

 

·         MIG (Mkt Cap $43 Mil– P/E Forward 13.8x – P/B forward 1.34x). MIG stand for Military Insurance Company which is ranked No6 in top 6 non-life insurance companies. Our analyst is pretty bullish on the stock and targets it at VND 16,396 /share.

·         MIG continuously making profit in insurance business, and having the lowest compensation rate every year. MIG has optimistic 9M2017 business results among top 6: (1) the second highest gross premium revenue growth rate (13%); (2) the lowest compensation rate (38%)

·         Having major advantages in insurance related to military sectors; and board distribution network with 54 member companies, only after BVH with 78 member companies.

·         High quality assets thanks to strong provision in 2016 (250 bil) and 2015 (150 bil)

·         Catalyst: abnormal earning: 5 mil TechcomBank shares – original price: VND 10,000 per share while the stock is trade at around VND 58,800 in OTC market.

 Comments:  

  • What happened to the coins yesterday? If you think the -2.66% drop of Vnindex yesterday is scary, you ain’t seen the coins yet. Almost all cryptocurrencies has been hit hard this week and particularly hard yesterday. The prices have recovered after the broad selloff in cryptos deepened (see the below pic for yourself). It looks like bubbles to us but to cryptocurrency veterans, this plunge is nothing out of the ordinary.
  • BSC’s 2018 Reports. Vietnam Stock market has been performing well, up 48% in 2017. The big question now is where we go from here. Our team have just finished the 2018 reports on Macro&MarketSector review and sector outlook. We hope those reports can suggest few Ideas for 2018. The English version will be available soon. Thanks for your support and comments.

Picture of the day 18nd Jan 2018What happened to the coins yesterday?

Source: Cryptomaps.org

 Cheers

 

Long Tran

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