POW

ACB was the most sold stock by proprietary trading desks on HOSE, with net selling of VND 82 billion, as foreign investors unexpectedly net sold a massive VND 5,760 billion across the entire market. The selling pressure comes despite a market rebound, signaling caution from both domestic and foreign institutional players.

Foreign investors net sold nearly VND 19,357 billion (USD 774 million) in May 2026, with top sells including FPT, ACB, HPG, VHM, MBB, STB, KDH, CTG, and VIC. The VN-Index rose 0.51% but liquidity remained subdued, indicating cautious market sentiment.

POW, through its 51% stake in a joint venture with B.GRIMM Power and LILAMA, is developing the LNG Vung Ang III power plant in Ha Tinh with a total investment of VND 51,430B (USD 2.06B). The 1,500 MW project, expected to operate commercially from 2030-2031, positions POW to expand its LNG-to-power capacity amid Vietnam's energy transition away from coal.

MSB was the focal point of foreign selling on May 25, with net outflows of VND 1.16 trillion, contributing to total foreign net selling of VND 1.7 trillion. The selling pressure extends a three-day streak of over VND 6.6 trillion in foreign outflows, signaling sustained foreign investor caution toward Vietnamese equities.

POW announces senior management changes following its 2026 AGM, appointing Phan Anh Minh to the Board and Do Thi Minh Hong as Controller. The company targets 2026 net profit of VND 1,124 billion, a 63% decline from 2025, with revenue of VND 49,887 billion.

On May 19, proprietary trading desks of securities companies net sold VND 190 billion on HOSE, with MBB (-VND 95B), VIB (-VND 50B), and VCB (-VND 47B) leading the sell-off. In contrast, they net bought VIC (VND 123B) and VHM (VND 71B). Foreign investors also net sold VND 830 billion across the market, adding to the negative sentiment.

POW reports Q1 2026 net profit of VND 1,300B (+175% YoY) on revenue of VND 12,627.6B (+51%), already exceeding its full-year 2026 profit target by 15.7%. The company proposes no dividend for 2025 and sets a conservative 2026 net profit target of VND 1,124B (-63% YoY), while pursuing LNG power projects and an EV charging equipment venture.

Proprietary trading desks of securities companies net sold VND 649 billion (USD 26 million) on HOSE on Monday, with MBB, CTG, and MWG seeing the heaviest selling. STB was the most bought stock. The selling pressure comes as the VN-Index rose 0.33% to 1,927.94, suggesting institutional profit-taking amid a 8-week rally.

Foreign investors net sold VND 4,330.2 billion (USD 173.21 million) in the week ending April 15, 2026, with Technology stocks like FPT leading the sell-off. Domestic institutions also net sold VND 1,875.3 billion. Despite the foreign outflow, the VN-Index rose 3.30% to 1,915.37 points, extending its recovery to six consecutive weeks, though breadth remained narrow.

On May 8, 2026, retail investors net bought VND 1,221.4 billion on HOSE, with FPT and real estate stocks as top picks, while foreign investors net sold VND 900.2 billion, offloading FPT most heavily. The divergence highlights continued foreign selling pressure on Vietnam's tech leader, offset by strong domestic retail demand.

Foreign investors net sold VND 4,158 billion (USD 166.3 million) on the Vietnamese market in the week of May 4-8, with FPT, ACB, and HPG accounting for the largest outflows. Despite the selling, VN-Index hit a new all-time high of 1,915.37 points, driven by strong domestic buying. The divergence between foreign selling and domestic buying suggests continued foreign rotation out of large-cap tech and banks into selected consumer and energy stocks.