25
10月
Based on the second sharp contraction, the market confirms the downtrend again in the short term. Besides, the VNIndex closes belove the 1,000-pts threshold, showing a pessimistic sentiment. Therefore, traders should stay on the sideline and wait for the next signals.
25
10月
Market ended up to be net bought. Demand mainly spread to Consumer Staples, Financials and Materials, focusing on VNM, MSN, VCB, CTG, DPM and DCM. foreign selling activity was mainly absorbed by Materials and Real Estate focusing on HPG, VHM, NVL, DXG, KDH and VIC. With ETF flow, inflow remained at Vietnam. Net inflow was USD18mn. The positive flow of money was mainly driven by the strong demand on VanEck and Diamond.
24
10月
Based on the sharp contraction, the market confirms the downtrend again in the short term. Therefore, traders should stay on the sideline and wait for the next signals.
24
10月
The bearish momentum has shown no sign of weakness. Besides, there is high probability for the VNIndex to retest 950-1,000 pts zone. Therefore, investors should stay on the sidelines and take action only when the solid bottom is formed.
20
10月
The downtrend is still intact in the short term despite the recovery. Therefore, traders should stay on the sideline and wait for the next signals.
19
10月
Despite the recovery, the downtrend is still intact in the short term. Therefore, traders should stay on the sideline and wait for the next signals.
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.
18
10月
Market ended up to be net bought. Demand mainly spread to Consumer Staples, Materials, and Financials, focusing on DGC, VNM, MSN, HPG, DPM, DCM, SSI, and CTG. Besides, Real Estate also turned around to be net bought thanks to large buy orders on NLG. With ETF flow, inflow remained at Vietnam. Net inflow was USD12mn. The positive flow of money was mainly driven by the strong demand on VanEck and Fubon.
18
10月
The VNIndex shows the Evening Star Pattern, the reversed pattern of Japanese candlesticks. That confirms the downtrend in the short term. Therefore, traders should stay on the sideline and wait for the next signals.
17
10月
The VNIndex shows the rebound in the short term thanks to Island reversal pattern. However, we expect that is pullback more than a short-term uptrend because of low liquidity and bearish signals of other indicators.
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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