MSR

Foreign investors net sold nearly VND 1,921 billion (USD 76.8 million) on July 22, contributing to a 62-point drop in the VN-Index below 1,700. SSI, VIC, and VCB were the most sold, while VNM, HPG, and GEE were net bought. The sell-off underscores persistent foreign outflow pressure on blue chips.

MWG (Mobile World Group) attracted the largest net foreign buying of VND 206 billion on July 20, even as the VN-Index dropped 44 points and foreign investors overall net sold VND 86 billion across the market. The buying interest in MWG contrasts with heavy net selling in VCB, STB, and VPB, suggesting selective foreign allocation toward retail amid the broad sell-off.

MSR targets extending mine life by 20-30 years with ~115M tonnes of additional tungsten resources at Nui Phao and Nui Chiem, while partnering with South Korea's GB Innovation to produce higher-value intermediate products for advanced technology supply chains. The moves aim to position MSR as a global strategic materials platform.

Foreign investors net bought nearly VND 1,400 billion on HoSE on July 10, driven by a massive VND 1,600 billion purchase in VIC. Excluding VIC, the group still net sold hundreds of billions. Net selling was seen on HNX and net buying on UPCoM.

Masan High-Tech Materials (MSR) signs a processing partnership with South Korea's GB Innovation to convert tungsten concentrate into APT and tungsten oxide for the semiconductor industry, targeting capacity expansion to over 8,000 tons per year. The deal includes a floor-price mechanism to stabilize margins and positions MSR as a key non-China tungsten processor.

The State Bank of Vietnam issued Circular 25 on June 22, raising the short-term capital to medium- and long-term loan ratio from 30% to 40% effective July 1, a regulatory easing that boosted banking stocks across the board. The VN-Index rose 10.95 points to 1,868.86 by 10:30 on June 23, led by Vingroup and banks, with foreign investors net buying VIC shares worth nearly VND 238 billion.

MSR announces expansion of tungsten mining zones around Nui Phao, with 55.2 million tons of potential ore and a plan to raise tungsten oxide capacity to over 8,000 tons, extending mine life by 20-30 years. The move leverages existing infrastructure to reduce capex and supports a deleveraging path to net debt/EBITDA below 1x.