POW

Proprietary trading desks at securities companies net bought 460 billion VND on HOSE on July 22, when VN-Index fell 62 points. Techcombank (TCB) was the most bought stock at 235 billion VND, while foreign investors net sold 1,921 billion VND across the market.

POW reports Q2 2026 pre-tax profit of 3,594 billion VND, nearly 4.6 times higher than Q2 2025, with H1 revenue reaching 33,520 billion VND (+87% YoY). The strong performance is driven by higher electricity output and favorable pricing, with total H1 output reaching 13.034 billion kWh (+42% YoY). The company maintains its full-year guidance, targeting H2 pre-tax profit of 1,028 billion VND.

BIDV Securities (BSC) projects PV Power (POW) 2026 net profit of VND 5,854 billion (+150%) and revenue of VND 58,729 billion (+57%), driven by El Nino, higher competitive generation market prices, and a VND 1.6 trillion forex compensation from EVN. The compensation alone accounts for 51% of the profit upgrade.

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.

Petrovietnam's H1 2026 results show consolidated revenue of VND 445.4T (+39% YoY) and crude oil output growth of 14.2%, the first increase in 11 years. The state-owned group's record performance supports its listed subsidiaries including PLX, GAS, and PVD, though global oil price risk remains a key challenge for H2.

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.