05
4月
Long position on VN30F2204 should be held and stop the loss when there is the closing price below 1,475 pts level. For better entry, traders could wait the pullback to capture the long positions at 1,500 pts zone. (Hourly chart)
04
4月
Long VN30F2204 after ATO sessions, and stop the loss when there is the closing price below 1,475 pts level. For better entry, traders could wait the pullback to capture the long positions at 1,500 pts zone. (Hourly chart)
01
4月
VN30F2204 keeps respecting the range movement between 1,500 pts and 1,460 pts area. Traders should continue to stay on the sidelines and wait for accurate breakout/breakdown at the key level to avoid false trading signal.
31
3月
VN30F2204 keeps respecting the range movement between 1,500 pts and 1,460 pts area. The upcoming market leg is clear if there is the breakout/breakdown at those area. Traders should continue to stay on the sidelines and wait for accurate breakout/breakdown and market noise will continue to increase in upcoming sessions.
30
3月
VN30F2204 is following the range movement between 1,500 pts and 1,460 pts area. The upcoming market leg is clear if there is the breakout/breakdown at those area. Traders should continue to stay on the sidelines and wait for accurate breakout/breakdown and market noise will increase in upcoming sessions
29
3月
Last week, trading activity is more active across the cover warrant market, up 14% WoW. However, foreign trading activity dropped and continued to be net sold.
29
3月
VN30F2204 is having the tendency to retest the 1,460 pts area. Traders should continue to stay on the sidelines and wait for accurate trading signal due to the increase of volatility level in upcoming sessions.
28
3月
The 1,500 pts zone is still respected which means the previous bullish swing is not strong enough to fade the downtrend and the next market leg is still unclear. Traders should continue to stay on the sidelines and wait for accurate trading signal due to the increase of volatility level in upcoming sessions.
25
3月
The 1,500 pts zone is still respected which means the previous bullish swing is not strong enough to fade the downtrend. Traders should continue to stay on the sidelines and wait for accurate trading signal due to the increase of volatility level in upcoming sessions.
24
3月
The rebound phase is strenthened, but the short-term target for this phase is reached (1,500 pts area). Traders should continue to stay on the sidelines and wait for accurate trading signal.
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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