Daily Information Update – Japan Securities Inc (July 30 , 2021)
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th Daily Information Update – Japan Securities Inc (July 30 , 2021) July 30th, 2021 Table of content 1. Shares record four-day gains on bank, steel stocks 2. Domestic vaccines reach ever closer 3. Textilers adhering to strict measures Table Table content of 4. Vietnam-U.S. sea shipping rates soar to record highs 5. 2021 Vietnam Annual Economic Report launched 6. Country cracks on with vital public investment ambitions 7. Seven-month CPI lowest since 2016: GSO 8. DGW: Digiworld records significant growth in profit, boosted by mobile phone sales 9. HDB: HDBank finalises shareholder list to pay 25 per cent share dividend JSI Research Team 1 th Daily Information Update – Japan Securities Inc (July 30 , 2021) Market Analysis 1. Shares record four-day gains on bank, steel stocks Vietnamese shares rose for four straight days on said. Thursday, bolstered by a significant injection of cash flow into banking and steel stocks, pushing “The current trading value of VND15 trillion to up indices. VND17 trillion is more reasonable,” he said. The VN-Index on the Ho Chi Minh Stock Exchange The VN30-Index, which tracks 30 biggest stocks (HoSE) rose 1.29 per cent to close the afternoon on the southern bourse, witnessed an increase of trade at 1,293.60 points. 1.42 per cent to close Thursday at 1,427.55 points. Of the VN30 basket, 23 stocks climbed while four The southern market index has risen a total of two slid. per cent in the last four days. Banking and steel stocks attracted cash flow with The market's breadth was positive with 251 many gainers such as steel giant Hoa Phat Group stocks increasing while 134 declined. (HPG), Pomina Steel (POM), Hoa Sen Group (HSG), Nam Kim Group (NKG), Asia Commercial Bank Nearly VND16.3 trillion (US$713 million) was (ACB), Bank for Investment and Development of poured into the southern market, equivalent to a Vietnam (BID), Vietinbank (CTG), Military Bank trading volume of more than 491 million shares. (MBB), Sacombank (STB), VPBank (VPB) and Techcombank (TCB). “After a boom in the first half of 2021, market liquidity has been falling sharply since the The residential real estate group also slightly beginning of July, even as HoSE solved the rebounded from the end of the morning session. problem of system overloading,” said news site Among the gainers were Ha Do Group JSC (HDG), cafef.vn. Khang Dien House (KDH), Dat Xanh Group (DXG) and Century Land JSC (CRE). “The recent sharp decline in market liquidity may come from the fear about the complexity of the On the Ha Noi Stock Exchange (HNX), the HNX- COVID-19 pandemic. Investors tend to wait for Index also rose 1.54 per cent to 310.97 points. more positive signs before they return to the market,” it said. It had also risen 0.08 per cent to close Wednesday at 306.25 points. “Market liquidity reached VND25-30 trillion in previous months but this level of liquidity is More than 87.6 million shares were traded on the difficult to maintain for a long time,” Le Anh Tuan, northern exchange, worth VND2.2 trillion. Deputy Investment Director of Dragon Capital, JSI Research Team 2 th Daily Information Update – Japan Securities Inc (July 30 , 2021) Macro & Policies 2. Domestic vaccines reach ever closer consider granting emergency circulation license for The Ministry of Health (MoH) and the Ministry of Nano Covax,” Thuan noted. Science and Technology on July 22 held a meeting with senior health experts and scientists to check According to Nanogen, the clinical trial of Nano and review necessary data and the result of clinical Covax has to date been conducted on 13,620 trials of the Nano Covax COVID-19 vaccine for volunteers, including 60 in the first stage, 560 in the consideration of licensing for emergency use. second stage, and 13,000 in the third stage, in which 1,004 received two shots. According to professors and based on the research data, the vaccine has been assessed to reach safety “The company will continue to add and complete and create immunity, but still requires more time to the documents on the products and preclinical and assess its efficacy. clinical trials this week to report to the MoH,” said a Nanogen representative. Prof. Dr. Pham Ngoc Dinh, member of the National Ethics Council for Biomedical Research, said that Vietnam is striving to successfully produce at least the vaccine research should pay attention to design one locally-made COVID-19 vaccine in 2021 to updates, licensing with conditions, and post- ensure sufficient vaccine supply for the nationwide licensing. “If we cannot do well with the licensing vaccination campaign, which aims for 150 million with conditions, problems could emerge in the doses to be administered by April 2022, with the post-licensing,” Dinh said. goal of vaccinating over 75 per cent of the population. MoH Deputy Minister Tran Van Thuan noted, “The MoH supports and creates conditions COVID-19 According to Nanogen, it can roll out 5-10 million vaccine developers with an expectation to soon doses a month. In addition to Nano Covax, COVIVAC have Vietnamese-made vaccines to in order gain developed by the Institute of Vaccines and Medical the initiative in supply.” Biologicals is in the second phase of clinical trials. Regarding the conditions for emergency licensing, Also last week, the Russian Direct Investment Fund Thuan proposed that Nanogen, the developer of and Vabiotech, one of Vietnam's leading pharma Nano Covax, closely works with the MoH's Agency companies, announced that the first test batch of of Science, Technology and Training as well as the Russian Sputnik V vaccine was successfully research units and scientists on completing produced in Vietnam. The batch has been shipped documents on the results of the first and second to the Gamaleya Centre in Russia for quality clinical trials, and quickens the pace for results of control. the third clinical trial. With the volume, Vietnam can take initiative in the Based on these, the deputy minister urged quantity of COVID-19 vaccines, thus enabling the scientists and other experts at the National Ethics country to ease its reliance on foreign-imported Council for Biomedical Research and the Advisory vaccines. Vietnam now uses various foreign Council for the Registration of Circulation of Drugs products for the national vaccination campaign and and Medicinal Ingredients to soon take into is continuing to negotiate with international consideration proposals on emergency licensing for partners to ensure more in the fight against COVID- Nano Covax when results prove its safety and 19. efficacy. Despite making orders with overseas producers in “When getting the results of clinical trials, along the early stages of vaccine availability, the country with ideas from councils and from domestic and is still waiting for sufficient numbers. international experts – based on the pandemic situation and vaccine demand – the MoH will JSI Research Team 3 th Daily Information Update – Japan Securities Inc (July 30 , 2021) To date, Vietnam has received four types of foreign- Elsewhere, the Institute of Vaccines and Medical made vaccines. These include nearly 4.4 million Biologicals is a research and production facility for doses of AstraZeneca from the COVAX programme medical biologicals which has researched and and through purchase, along with 1.4 million doses mastered the technology of producing flu vaccines of the vaccine donated by the Japanese on chicken eggs with embryos. It is GMP-WHO government; 2,000 doses of Sputnik V donated by certified by the Ministry of Health (MoH) and is the Russian government; 500,000 doses of Vero- currently developing the COVIVAC vaccine. Cell by Sinopharm donated by China; and about 100,000 doses of the Pfizer vaccine. Vabiotech now owns and operates a system of facilities and equipment which also meets GMP- The Southeast Asian nation is awaiting the arrival WHO standards and Good Storage Practices. It not of more vaccine doses, spread out over time. In only supplies its products to the National Expanded 2021, the goal is to receive 100 million doses Programme on Immunisation in Vietnam and including 38.9 million from COVAX, 30 million of provides services to the domestic market but also AstraZeneca, and 31 million from Pfizer/BioNTech. exports to a number of countries around the world. Currently, Vietnam has four manufacturers Meanwhile, the MoH's Centre for Research and researching COVID-19 vaccines in different Production of Vaccines and Medical Biologicals technological directions. (Polyvac) has discussed with Russian partners about coordination in research, production, import, Nanogen Pharmaceutical Biotechnology JSC is and distribution of the Sputnik V vaccine in collaborating with the Military Medical Academy to Vietnam. In December 2020, Polyvac signed a develop NanoCovax. This was the first domestic confidentiality agreement with Russia's RDIF for enterprise selected to test for a vaccine in Vietnam. the purposes of manufacturing and distributing Sputnik V in this country. 3. Textilers adhering to strict measures Century Synthetic Fibre Corporation (CSF), which immediately meet the requirements are engages in the manufacture and sale of draw- temporarily delaying shipment,” she said. textured yarn products, is still in operation under the “three on the spot” model. Under the model, Meanwhile, Thanh Cong Textile Garment enterprises can remain open if they can offer meals Investment Trading JSC generated $81.1 million in and a space to rest and sleep for employees, as revenues and $5 million in after-tax profits in the requested by Ho Chi Minh City authorities. first half, up 11 and 4.3 per cent, respectively, over the same period last year. In the first half of 2021, CSF recorded positive results with net revenues of more than $43.39 However, the company is struggling with the million and after-tax profit of $6.11 million, an outbreak in Ho Chi Minh City.