16
5月
Selling pressure has started to slow down but still faded the foreign demand, pushing the market to end up to be net sold. Net sell value was USD7mn. With ETF flow, outflow was active. Net outflow was USD11mn. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
15
5月
The rebound phase is confirmed as well as bullish momentum is active. Thus, traders could open the long positions on leading stocks.
15
5月
Although VN-Index recovered strongly, the uptrend is not confirmed due to selling pressure at 1,080-1,100 pts. Therefore, investors should be careful and keep their stock positions at a safe level.
12
5月
In the short term, the VNIndex retests the 1,050-pts threshold. If the index crosses down this support, it will show a bearish trend. Therefore, investors should stand aside and observe the next movements of the market.
11
5月
The VNIndex maintained its uptrend, which is a positive sign for the market. However, the risk is still there and therefore, investors should still carefully consider their investment decisions.
10
5月
The VNIndex is still above the threshold of 1,050 points, but the risk is still present. Investors need to be more careful with their investment decisions.
09
5月
Selling pressure has started to slow down but still faded the foreign demand, pushing the market to end up to be net sold. Net sell value was USD20mn. With ETF flow, outflow was active. Net outflow was USD1mn. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
09
5月
The VNIndex closes above the 1,050-pts threshold, showing bullish signals. However, the downside risk is still intact. Hence, traders should be careful.
08
5月
After the long holiday, the VNIndex still shows a bearish market due to closing below the 50-period moving average and 1,050-pts threshold. That means the downside risk is still intact. Hence, traders should be careful and reduce long positions.
05
5月
Selling pressure has started to slow down but still faded the foreign demand, pushing the market to end up to be net sold. Net sell value was USD0.8mn. With ETF flow, outflow has come back to Vietnam. Net outflow was USD18mn, a yearly high. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.
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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