14
4月
The VN30Index and VNFIN LEAD Index rebalances their weight according to the new free-float rate, share outstanding, price... While VN DIAMOND Index is expected to add OCB, HCM, and DHC and remove CTD, KDH, and NLG.
13
4月
Because of the downtrend, the downside risk increases in the short term. Therefore, traders should wait for the next signals and stay on the sidelines. The strong support is a zone of 1,430-1,440 pts. The VNIndex may rebound when retesting it.
13
4月
Foreign supply ticked up. Selling activity focused on Real Estate and Materials whilst demand focused on Consumer Staples. With ETF flow, outflow surged, driven by the divestment on FTSE Vietnam and VFMVN30 ETF.
12
4月
Because the VNIndex closes below the 1,500-pts threshold, the downside risk increases. Therefore, traders should wait for the next signals and stay on the sidelines.
12
4月
The VNIndex is sideways and needs more signals to confirm the next trend.
08
4月
The downside risk increases in the short term as the selling pressure appears at the 1,530-pts threshold. Therefore, traders should wait for the next signals and stay on the sidelines.
07
4月
Despite the rebound, the VNIndex has retested the Jan peak around the 1,530-pts threshold in the short term. The bullish market will be confirmed if the index closes above the threshold. In this case, traders should open long positions and focus on leading sectors such as Banking.
06
4月
The VNIndex retests the Jan peak around the 1,530-pts threshold in the short term. The bullish market will be confirmed if the index closes above the threshold. In this case, traders should open long positions and focus on leading sectors such as Banking.
05
4月
The VNIndex retests the Jan peak around the 1,530-pts threshold. The bullish market will be confirmed if the index closes above the threshold. In this case, traders should open long positions and focus on leading sectors such as Banking.
05
4月
Foreign demand kept overwhelming. Demand focused on Consumer Staples and Financials whilst Materials was divested the most. With ETF flow, outflow has come back, driven by the divestment on VanEck and SSIAM VNFIN Lead.
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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