CTR

VanEck Vietnam ETF's Q2 2026 rebalancing is expected to add VPL and MSB while removing HDG and CTR, with significant net buying in MSB, VCK, and VPL. Net selling pressure is forecast on NVL, VHM, and VIC. Foreign investors net sold VND 3,124 billion (~USD 124.96 million) on the Vietnamese market.

MSN, TCB, and CTG were the top stocks bought by proprietary desks on HOSE on May 27, with net purchases of VND 195B and VND 133B each, respectively. This occurred as foreign investors net sold VND 785B, highlighting a divergence between domestic institutional and foreign sentiment.

CTR plans to issue nearly 13.7 million shares as a 12% stock dividend (100:12 ratio) funded by retained 2025 after-tax profits, with execution expected in 2026. The move rewards existing shareholders while preserving cash for operations. Separately, the company reappointed two deputy general directors.

Foreign investors net sold VND 6,245.2 billion (approx. USD 250 million) in the week ending May 23, 2026, driving the VN-Index down 2.31%. Selling pressure was broad-based, with real estate stocks hit hardest, while banks like VCB, MSB, and BID saw net buying.

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.

Viettel Construction (CTR) announced at its 2026 AGM a strategic entry into social housing under the 'Viettel Home' brand, targeting 50,000 units by 2030, representing 5% of the government's 1-million-unit program. The company also approved a 27% dividend for 2025 (15% cash, 12% stock), its first stock dividend in four years, signaling confidence in growth. CTR's 2026 targets of VND 15,653B revenue (+11.4%) and VND 622B net profit (+3.8%) are record highs.

Viettel Construction (CTR) reported Q1/2026 revenue of VND 3,839B (+39%) and pre-tax profit of VND 189B (+22%), while presenting shareholders with a 2026-2030 strategy targeting VND 28,790B revenue by 2030. The plan includes aggressive expansion into renewable energy, social housing, and nationwide civil construction, supported by a VND 308B dividend proposal.