17
10月
The HoSE announced the new constituents of the VN DIAMOND Index last Monday. As per the announcement, the index will remove DHC while adding HDB in the 4Q23 review. Furthermore, the VN30Index and the VNFIN LEAD Index will rebalance its weight based on the new free-float rate, share outstanding, and price… The new weight will be effective on 06 Nov 2023.
13
10月
In this quarterly review, the VN DIAMOND Index is expected to remove DHC and add HDB. The results will be announced on 16 Oct 2023, the new weight will be effective on 06 Nov 2023.
07
9月
The FTSE Rusell announced that the FTSE Vietnam Index will add VIX, but not remove any tickers in this review. Accordingly, we expect that FTSE Vietnam ETF will sell HPG and VRE the most with 16.9 million shares and 6.4 million shares, based on data as of 6 Sep 2023. On the buy-side, VIX, VND, and VNM will be bought heavily with 12.6 million shares, 9.2 million shares, and 5.7 million shares. The new weights will be effective on 17 Sep 2023.
19
7月
The HoSE announced the new constituents of the VN30Index and the VNFIN LEAD Index last Monday. As per the announcement, the VN30Index will remove NVL and PDR while adding SHB and SSB in the 3Q23 review. Additionally, the VNFIN LEAD Index will remove BVH but will not exclude any tickers in this review.
14
7月
In this quarterly review, the VN30Index is expected to add SSB and SHB, while remove NVL and PDR. We expect the local ETFs, which use the VN30Index as a benchmark index, to buy SHB and SSB the most with 18.6 million shares and 13.9 million shares. On the sell side, NVL and VPB will be sold heavily with 9.0 million shares and 3.5 million shares.
14
6月
We expect foreign ETFs to sell HPG and NVL the most with net values of 11.3 million shares and 10.9 million shares. On the buy-side, EIB will be expected to buy heavily with 10.3 million shares. The new weights will be effective on 19 May 2023.
01
6月
We expect that MVIS Vietnam Index will add EIB, while not excluding any tickers in the 2Q23. Besides, FTSE Vietnam ETF will not add and remove any tickers in this quarterly review.
14
4月
In this quarterly review, the VN DIAMOND Index is expected to remove EIB. The results will be announced on 17 Apr 2023, the new weight will be effective on 04 May 2023.
19
10月
HoSE announced new constituents of the VN DIAMOND Index last Monday. Accordingly, the VN DIAMOND Index will add NLG and remove TCM in the 4Q22 review. Besides, the VN30 Index and the VNFIN LEAD Index will adjust weight based on new data such as free float, share outstanding, and price… Based on data as of 17 Oct 2022, we expect local ETFs to buy TCB, MBB, and OCB the most with 12.3 million shares, 9.9 million shares, and 9.2 million shares, respectively. On the sell side, VPB will be sold heavily with 15.7 million shares.
17
10月
In this quarterly review, the VN DIAMOND Index is expected to add NLG and remove TCM. Based on data as of 12 Oct 2022, we expect local ETFs to buy VPB the most with a value of 22.6 million shares. On the sell side, ACB will be sold heavily with 9.4 million shares.
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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