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05
5月
Daily derivatives: Trading point is still unclear
Traders should stay on the sidelines in order to avoid false trading signals.
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05
5月
Covered warrant 24-28 Apr: HPG CWs keep attracting the most of trading interest
Last week, trading volume dropped, recording at 40.4mn shares, down 20% WoW. By underlying asset, covered warrants which have HPG as the underlying asset continued to attract the most of trading interest from both domestic and foreign investors.
04
5月
Daily derivatives: Poor trading environment
Traders should stay on the sidelines in order to avoid false trading signals.
28
4月
Daily derivatives: No sign of demand
Short VN30F2305 after ATO session and stop the loss when there is the closing price above 1,050 pts level. (Hourly chart)
26
4月
Daily derivatives: Demand zone is broken
Short VN30F2305 after ATO session and stop the loss when there is the closing price above 1,050 pts level. (Hourly chart)
25
4月
Covered warrant 17-21 Apr: Foreign trading interest keep dropping
Last week, trading volume remained near the previous week, recording at 49mn shares. However, trading value dropped, recording at VND37bn due to the decrease in price of underlying stocks. By underlying asset, covered warrants which have HPG as the underlying asset continued to attract the most of trading interest from both domestic and foreign investors.
24
4月
Daily derivatives: Demand zone is broken
VN30F2305 is testing the 1,050 pts zone with no valid trading signal as well as selling pressure shows no sign of weakness. Thus, traders should stay on the sidelines and wait for the valid trading signal on VN30F2305 (Hourly chart)
21
4月
Daily derivatives: Trading signal is still unclear
VN30F2305 is testing the 1,050 pts zone with no valid trading signal. Thus, traders should stay on the sidelines and wait for the valid trading signal on VN30F2305 (Hourly chart)
20
4月
Daily derivatives: Expiration date
Long positions on VN30F2304 should be closed and new trading positions should be stalked on upcoming contract (VN30F2305). (Hourly chart)
19
4月
Daily derivatives: Unclear short-term movement
Long positions on VN30F2304 should be closed and new trading positions should be stalked on upcoming contract (VN30F2305). (Hourly chart)
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.