English
Tiếng Việt
24
3月
Market commentary: Intraday contraction
Selling pressure appears at the 1,510-pts threshold, implying the downside risk. Therefore, traders should still be careful and stay on the sidelines.
研究中心
23
3月
Market commentary: Selling pressure at 1,510-pts threshold
In the short term, the VNIndex closes above the neckline of the head and shoulders pattern, implying a false pattern. However, the index retests the 1,510-pts zone, the strong resistance. Therefore, traders should still be careful and stay on the sidelines.
22
3月
Market commentary: A breakout
The VNIndex closes above the neckline of the head and shoulders pattern, implying a false pattern. However, the index retests the 1,510-pts zone, the strong resistance. Therefore, traders should still be careful and stay on the sidelines.
21
3月
Chart of the day: The range is still respected
Although there is the correction phase, the medium-term trend (uptrend) still remains. In this case, investors should reduce the current positions on leading stocks and wait for the valid signal (the range breakout or breakdown).
21
3月
Market commentary: Energy in the spotlight
In the short term, the VNIndex has retested the neckline of the head and shoulders pattern. Therefore, traders should still be careful and stay on the sidelines.
18
3月
Market commentary: Banking in the spotlight
In the short term, the VNIndex has retested the neckline of the head and shoulders pattern, implying the downside risk. The target price of the pattern may be around the 1,350-pts zone. Therefore, traders should still be careful and stay on the sidelines.
17
3月
Market commentary: Retest neckline
The VNIndex has retested the neckline of the head and shoulders pattern. However, the downside risk is still intact as the target price of the pattern may be around the 1,350-pts zone. Therefore, traders should still be careful and stay on the sidelines.
16
3月
Market commentary: Begin pullback?
In the short term, the downside risk is still intact as the VNIndex confirms the head and shoulders pattern. That means the target price may be around the 1,350-pts zone. Therefore, traders should still be careful and stay on the sidelines.
15
3月
Market commentary: Confirm head and shoulders pattern?
The VNIndex confirms the head and shoulders pattern as closing below the neckline. That means the target price may be around the 1,350-pts zone. Therefore, traders should still be careful and stay on the sidelines.
14
3月
Chart of the day: Retest 100-period moving average
The VNIndex is sideways and needs bullish signals to confirm the uptrend due to low liquidity.
Featured Articles
24
8月
U.S July Retail sales and Vietnam T&G exports
U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.
02
8月
An improved economic performance amidst easing external headwinds
July’s data revealed a substantial improvement in economic activities with a softer decline in export turnover, an improving industrial production, and a renewed acceleration in retail sales. On one hand, U.S. consumers tend to regain their confidence during the late phase of the global interest rate hike, fastening the resolution of the overstocking and consequently promoting Vietnam’s export activities. On the other hand, retail sales recorded a higher growth rate than in June coupled with moderate inflation after a series of easing fiscal policies, likely reflecting an expanding demand. We predict economic performance to improve further next month due to softening external headwinds and expanding domestic demand.
28
7月
Vietnam’s economy: gaining momentum
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. In addition, the well-controlled inflation and stable exchange rate provide more space for the monetary authority to follow the easing tendency in the next quarter.
13
7月
3Q23 Strategic Insight: Embrace the opportunity
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. Investment opportunities exist in Power and Agriculture, Seafood industries that backed by El-Nino and China consumption themes. Besides, crushed stone industry also offers a lucrative choice from 3Q23 for those investors seeking for rising public spending theme. We expect the target range for VNIndex in 2H23 to be 1,260-1,340 points.
30
6月
Slight pickup amidst persistent global challenges
GSO’s June report shows a slight acceleration in economic performance for the second quarter of 2023. Although the economic growth surpassed the downgraded market assessment, it is far from the expected value in the eco-socio tasks. For the latest update in June, export activities deteriorated under the persistent slowdown in the consumption of Vietnam’s major trading partners, showing challenges for the economy to speed up. Regarding domestic factors, the recovery momentum in post-pandemic exhausted with retail sales much lower than the potential level. In the short term, we predict public investment will mainly support economic growth before material improvement in external factors occurs.