* FTS: According to the fourth quarter of 2023 financial statements, FPT Securities Joint Stock Company’s pre-tax profit was 64 billion VND, down 42% over the same period last year. Due to the previous sudden increase in third quarter profit, the whole year’s pre-tax profit increased to 542 billion VND, an increase of 23% compared to the previous year, exceeding 29% of the year’s profit plan.
* ELC: Elcom Technology – Telecommunications Joint Stock Company net profit in the fourth quarter was 28 times higher than the same period, thanks to the implementation of high-value projects and contracts. Full year 2023 business results recorded net revenue of 980 billion VND, an increase of 14% compared to the previous year and net profit of 77 billion VND, 2.5 times higher than the previous year.
* DXS: Dat Xanh Real Estate Services Joint Stock Company recorded net revenue in 2023 of only nearly 2,000 billion VND, down 52% compared to the previous year. The reason comes from the sharp decrease in revenue from real estate services such as brokerage, only nearly 648 billion VND, while the previous year was more than 2,300 billion VND. Net loss of more than 168 billion VND in 2023.
* HUT: Tasco Joint Stock Company has just announced the consolidated financial statements for the fourth quarter of 2023 with net revenue skyrocketing to nearly 7,795 billion VND, 24.6 times higher than the same period; Net profit is more than 19 billion VND, down 29% over the same period.
* IPA: IPA Investment Group Joint Stock Company announced its financial statements for the fourth quarter of 2023 with a net profit of nearly 182 billion VND, almost compensating for a loss of more than 188 billion VND in the same period.
* TNG: By the end of January 2024, TNG Investment and Trading Joint Stock Company’s consumption revenue is estimated to reach 523 billion VND, an increase of 126 billion VND compared to the same period last year (equivalent to an increase of 31.7%).
* N/A: The number of visitors to Da Lat and Nha Trang increased sharply in the last 3 months of the year, helping the revenue of Ninh Van Bay Tourism Real Estate Joint Stock Company increase by 20% over the same period, but still a net loss of 1.2 billion VND.
VN-Index
At the end of the trading session on February 2, VN-Index decreased 0.47 points (-0.04%) to 1,172.55 points, HNX-Index decreased 0.01 points (-0.01%) to 230.56 points , UpCOM-Index increased 0.36 points (+0.41%), to 88.37 points.
According to Rong Viet Securities (VDSC), the market’s strong increase in the previous period was mainly led by the banking group. Therefore, the adjustment of the banking group and the lack of large leading lines has caused the market not to have many recent breakthroughs.
Although the market has had a recent adjustment and caution, the upward momentum still remains thanks to a fairly steady increase since before the last New Year. Therefore, the market will receive support from the previous increase and help the market maintain a short-term increase after the Lunar New Year period.
According to Agriseco Securities, the mid-term upward trend still plays a key role. Investors can continue to hold stocks for medium and long-term goals. Disbursement of short-term trading positions should only be considered when the index undergoes a correction with low liquidity around the support threshold near 1,165 (+-5).
In the context of exchange rate pressure increasing again, Agriseco experts believe that choosing stocks that benefit from the above trend will help limit market risks in the short term.
