HHV

HHV appoints Nguyen Manh Hai as Deputy General Director from July 20, 2026, following a broader reshuffle that saw three deputies dismissed and three new ones appointed on June 29. The company also completed a 27.3 million share stock dividend (20:1 ratio) and plans a private placement of 57.5 million shares to fund acquisitions in ICV Vietnam and Cam Lam - Vinh Hao Expressway.

MBS forecasts backlog growth of 15% in 2026 and 10% in 2027 for listed construction companies, driven by the 2026-2030 public investment cycle. CTD is expected to see a 30% backlog increase, while VCG, HHV, and CII see more moderate gains. The cycle focuses on large infrastructure projects including railways and expressways.

HHV completed a 27.3 million share stock dividend at a 20:1 ratio, increasing charter capital from VND 5,471.6B to VND 5,745.1B. The company also reported Q1/2026 net profit of VND 217.3B, up 25.7% year-on-year, alongside a planned private placement of 57.5 million shares to fund acquisitions.

Foreign investors unexpectedly net bought nearly VND 1,400 billion (~$55.4 million) on HOSE on July 10, 2026, with strong buying in Real Estate and Food & Beverage stocks, notably VIC and VNM, while selling Banking stocks. The VN-Index fell 12.36 points to 1,828.34 amid low liquidity, but foreign buying provided a partial offset.

KBSV sees construction stocks trading below 5-year average P/B, with a positive outlook for residential and infrastructure segments driven by housing supply recovery, record public investment of VND 1.08 quadrillion in 2026, and FDI inflows. The broker is neutral on industrial construction due to project delays. Key beneficiaries include CTD, VCG, HHV, and PC1.

ACB saw the heaviest net selling by proprietary trading desks on HOSE on June 10, with VND -28 billion, while foreign investors net sold VND 536 billion market-wide. The selling pressure comes despite a VN-Index recovery above 1,800 points, signaling caution among domestic and foreign institutional players.

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.