Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  VIETNAM STOCK EXCHANGE  >  Joint Stock Com Bnk fr Inv & Dev of Vtnm    BID   VN000000BID9

JOINT STOCK COM BNK FR INV & DEV OF VTNM

(BID)
  Report
SummaryNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Most tepid amid virus outbreak; Malaysia stumbles on central bank warning

share with twitter share with LinkedIn share with facebook
share via e-mail
01/22/2020 | 05:53am EST
A man walks past screen at the Indonesia Stock Exchange building in Jakarta

Most Southeast Asian markets were subdued on Wednesday ahead of a World Health Organisation meeting on a virus outbreak in China - the region's biggest trading partner, while Malaysian stocks dropped after the central bank flagged growth-related risks.

The coronavirus spread from Wuhan in central China to several other cities and abroad, just as millions of people prepared to travel for the Lunar New Year between Jan. 24 and 31.

The outbreak also shook global financial markets as investors recalled China's Severe Acute Respiratory Syndrome (SARS) epidemic in 2002-2003, a coronavirus outbreak that killed nearly 800 people.

The World Health Organization is set to determine whether the virus outbreak is an international public health emergency in a meeting on Wednesday.

Sentiment across Malaysian equities dipped further after the central bank said downside risks to growth remained, after it unexpectedly cut its key interest rate <MYINTR=ECI>.

"We believe the sell-off is mostly a knee-jerk reaction to the rate cut, as even though the cut was expected no one expected it to come as early as January," said Imran Yusof, senior analyst at Kuala Lumpur-based MIDF research.

Heavyweight lenders Public Bank and Hong Leong Bank ended down 2.4% and 3.6%, respectively.

Vietnam stocks hit their highest close in over two months, with heavyweights Vinhomes JSC and Joint Stock Commercial Bank for Investment and Development of Vietnam ending 2.2% and 2.8% firmer, respectively.

The strong performance of the banking sector and European Union backing for a trade deal with Vietnam has benefited the index, said Tran Minh Hoang, chief economist at Vietcombank Securities.

European Union lawmakers gave initial backing on Tuesday for a free trade agreement struck with Vietnam, the bloc's most comprehensive such pact with a developing country.

Banking and real-estate sectors helped the Singapore index close slightly firmer.

Lender DBS Group Holdings advanced 0.4%, while real estate developer Capitaland Ltd closed 1.3% firmer.

(Reporting by Soumyajit Saha in Bengaluru, Editing by Sherry Jacob-Phillips)

By Soumyajit Saha

Stocks mentioned in the article
ChangeLast1st jan.
CAPITALAND LIMITED -0.80% 3.7 End-of-day quote.-0.27%
DBS GROUP HOLDINGS LTD -0.08% 25.08 End-of-day quote.0.28%
HONG LEONG BANK BHD End-of-day quote.
JOINT STOCK COM BNK FR INV & DEV OF VTNM End-of-day quote.
PUBLIC BANK BERHAD End-of-day quote.
VINHOMES JSC End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on JOINT STOCK COM BNK FR INV
02/10SOUTHEAST ASIA STOCKS : Fall as rising virus death toll curbs risk appetite
RE
01/22Most tepid amid virus outbreak; Malaysia stumbles on central bank warning
RE
01/21Singapore drops on China virus scare, Philippines extends losses
RE
01/10SOUTHEAST ASIA STOCKS : Most edge higher on caution ahead of U.S. non-farm payro..
RE
2019SOUTHEAST ASIA STOCKS : Most rise on U.S-China trade deal hopes, Vietnam leads g..
RE
2019SOUTHEAST ASIA STOCKS : Most bounce back after Chinese President's comments revi..
RE
2019Singapore gains on industrial, property firms; Thailand falls
RE
2019Most gain on U.S.-China trade talk progress, Vietnam leads
RE
2019SOUTHEAST ASIA STOCKS : Malaysia falls on Axiata; most others tick up
RE
2019South Korea's Hana Bank to buy 15% stake in Vietnam's BIDV for around $850 mi..
RE
More news
Financials (VND)
Sales 2020 53 186 B
EBIT 2020 33 114 B
Net income 2020 11 208 B
Debt 2020 -
Yield 2020 1,41%
P/E ratio 2020 22,2x
P/E ratio 2021 -
Capi. / Sales2020 3,74x
Capi. / Sales2021 3,49x
Capitalization 199 090 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 43 534,25  VND
Last Close Price 49 500,00  VND
Spread / Highest target 7,68%
Spread / Average Target -12,1%
Spread / Lowest Target -33,3%
EPS Revisions
Managers
NameTitle
Tu Duc Phan Chief Executive Officer & Director
Thanh Van Thi Nguyen Director-Finance Division
Long Thanh Nguyen Director-Technology Division
Hoa Xuan Nguyen Director-Information Technology Center
Tung Quang Pham Director & Senior Executive Vice President