13
6月
Market ended up to be net bought. Demand was mainly attracted by Financials, Materials, and Consumer Staples whilst selling activity was absorbed the most by Real Estate, Industrials, and Energy. With ETF flow, money inflow across Vietnam has started to slow down. Net inflow was USD25mn. The positive flow of money was mainly driven by the stable demand on VFMVN Diamond and Fubon FTSE Vietnam.
13
6月
Based on a bullish market, traders may open small long positions on leading stocks. However, the downside risk is still intact in the long term, hence, they should avoid buying on margin.
13
6月
Despite the strong contraction, the VNIndex maintains the bullish trend thanks to bullish signals of technical indicators. Therefore, traders may hold long positions.
10
6月
The VNIndex confirms the bullish trend thanks to the breakout of the small rectangle, continuation pattern, with a target price of around 1,400 pts. Therefore, traders may open and hold long positions.
09
6月
Based on the breakout, the VNIndex confirmed the small rectangle, continuation Pattern, with a target price of around 1,400 pts. Therefore, traders may open and hold long positions.
07
6月
The VNIndex maintains its uptrend in the short term because of (1) closing above the 20-period moving average, and (2) stable volume. Therefore, traders may open small long positions, and avoid buying on margin.
06
6月
Market ended up to be net bought. Demand was mainly attracted by Financials, IT, and Consumer Staples whilst selling activity was absorbed the most by Utilities and Consumer Discretionary. With ETF flow, money inflow across Vietnam remained at high level. Net inflow was USD85mn. The positive flow of money was mainly driven by the massive demand on VFMVN Diamond.
06
6月
Despite the cautious market sentiment, the VNIndex maintains its uptrend in the short term because of (1) closing above the 20-period moving average, and (2) increasing volume. Therefore, traders may open small long positions, and avoid buying on margin.
06
6月
The downtrend is active and the current rebound phase is not strong enough to fade the selling pressure above which means volatility level would increase in upcoming sessions. In this case, investors should decrease the current positions on leading stocks and wait for more accurate trading signal which would come after the demand accumulation phase.
03
6月
Despite the contraction, the VNIndex maintains its uptrend in the short term because of (1) closing above the 20-period moving average, and (2) increasing volume. Therefore, traders may open small long positions, and avoid buying on margin.
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.
English
Tiếng Việt