28
4月
Although the short-term price target for the bearish swing is reached, demand is still not strong enough to totally fade the selling pressure. Traders should continue to stay on the sidelines and wait for the accurate trading point.
27
4月
The short-term price target for the bearish swing is reached and volatility would increase in upcoming sessions. Traders should continue to stay on the sidelines and wait for the accurate trading point.
27
4月
Last week, trading activity ticked across the covered warrant market, up 20% WoW. Besides, foreign trading activity was also increased but the market continued to end up to be net sold.
26
4月
The short-term price target for the bearish swing is reached and volatility level is expected to increase in upcoming sessions. Traders should continue to stay on the sidelines and wait for the reaction of this instrument at 1,350 pts area.
25
4月
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase or consolidation phase.
22
4月
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase or consolidation phase.
21
4月
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase on the upcoming contract.
20
4月
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase.
20
4月
Last week, trading activity dropped across the covered warrant market, down 34% WoW. Besides, foreign trading activity was also decreased and the market continued to end up to be net sold.
19
4月
Long position on VN30F2204 should be closed. Traders should stay on the sidelines and wait for the reaction of this instrument at 1,470 pts area.
24
8月
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
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
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
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
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.
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