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12
5月
Daily derivatives: Approaching the solid sell zone
As the bearish momentum is still strong and there is no favorable trading point, traders should stay on the sidelines and wait for the next accurate trading signal.
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11
5月
Covered warrant 04-06 May: FPT absorbs most trading activity for 4 consecutive weeks
Last week, trading activity dropped across the covered warrant market. Foreign trading activity also dropped and the market continued to end up to be net sold. However, foreign selling pressure has start to slow down remarkably. Notably, covered warrants which have FPT as the underlying asset has attracted most of trading activity for 4 consecutive weeks.
11
5月
Daily derivatives: Intraday rebound phase
As the bearish momentum is still strong and there is no favorable trading point, traders should stay on the sidelines and wait for the next accurate trading signal.
10
5月
Daily derivatives: Lower low is formed
As the bearish momentum is still strong and there is no favorable selling point, traders should stay on the sidelines and wait for the next accurate trading signal.
09
5月
Daily derivatives: Bullish pattern is faded
As the bullish pattern is faded and VN30F2205 is testing the demand zone (1,350 pts zone). Traders should stay on the sidelines and wait for the next accurate trading signal.
06
5月
Daily derivatives: Demand ticks up near 1,350 pts zone
Long VN30F2205 after ATO session, take profit near 1,450 pts level and stop the loss when there is the closing price below 1,370 ptz level.
05
5月
Daily derivatives: Retest the demand zone
Selling pressure is still strong near 1,400 pts zone and the instrument needs time to fade the current supply. Traders should continue to stay on the sidelines and wait for the accurate trading point.
05
5月
Covered warrant 25-29 Apr: FPT keeps absorbing most trading activity
Last week, trading activity dropped across the covered warrant market, down 20% WoW. Foreign trading activity remained at normal level and the market continued to end up to be net sold. Notably, covered warrants which have FPT as the underlying asset has attracted most of trading activity for 3 consecutive weeks.
04
5月
Daily derivatives: Volatile trading zone
Selling pressure is still strong near 1,400 pts zone and the instrument needs time to fade the current supply. Traders should continue to stay on the sidelines and wait for the accurate trading point.
29
4月
Daily derivatives: Consolidation phase is expected to step in
Demand is still weak near 1,400 pts zone as well as selling pressure is not faded. Traders should continue to stay on the sidelines and wait for the accurate trading point.
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.