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.
13
6月
In the short term, the VNIndex has tested the previous resistance level. Accordingly, the uptrend will be consolidated if this index crosses the 1,120-pts threshold. Therefore, investors should open long positions and observe the next movements of the market.
13
6月
Selling pressure from foreign investors remained at a high level. The net selling value was USD24mn. Outflow pressure has dropped across Vietnam with a net outflow of UDS1mn. Although the flow of money across Vietnam is still weak, inflow has come back across major ETFs which is the first sign for the positive flow of money in upcoming weeks.
12
6月
The rebound phase is confirmed as well as bullish momentum is active. Thus, traders could open the long positions on leading stocks. However, position size should be low due to the active selling pressure near 1,120 pts area.
12
6月
In the short term, the uptrend will continue because the VNIndex still ends above the major MAs. However, the market may have some adjustment sessions. Therefore, investors should open long positions and focus on leading stocks.
09
6月
Although the market contract, this is not a bad signal because the VNIndex crosses some significant thresholds such as 1,080 pts and 1,100 pts, showing a bullish trend in the short term. Therefore, investors should open long positions and focus on leading stocks.
08
6月
In the short term, the VNIndex shows the bullish trend thanks to index crosses some significant threshold such as 1,080 pts, 1,100 pts. Therefore, traders should open long position focus on leading stocks.
07
6月
An increase in the stock market, along with the VNIndex still ends the session above the major MAs, showing good signals. However, the downside risk is still present. Therefore, traders should be careful with investment decisions.
06
6月
In this case, the downside is reversed in the short term, but the selling pressure is still intact around the 1,100-pts threshold. Therefore, traders should open small long positions and wait for the next signals.
06
6月
The uptrend continues as the VNIndex still ends the session above the major MAs. However, the selling pressure may occur around the 1,100-pts threshold. Therefore, traders should open small long positions and wait for the next signals.
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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