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TCB released its results with 2Q23 PBT down 22.8%yoy and up +0.5%qoq due to (1) NIM LTM decline and (2) high provision expense growth. 2Q23 Net interest margin (NIM LTM) inched down to 4.3% (vs 5.6% in 2Q22 and 4.6% in 1Q23). Although 2Q23 CASA ratio was 35%, lower than 2Q22 (47%) but a significant improvement compared to 1Q23 (32%). 2Q23 NFI and 1H23 went down 3%yoy (to VND2,259bn) and up 5%yoy (to VND4,430bn) thanks to cards, trade, and FX services. 2Q23 NPL ascended to 1.07%, compared to 1Q23 of 0.85% and end-22 of 0.72%. 2Q23 LLR was sufficient at 116%.

On Jul 25, we attended SIP’s 2023 Investor Day, and the presentation the company’s 2Q23 results and its strategy plan. Per management, 2Q23 prelim results came in at VND1,660.7bn revenue (, 3.1% yoy 19.1% qoq) and VND276bn net profit (7.8% yoy ,111% qoq). SIP is among our fancy industrial park players in the South thanks to its unrivalled competitive advantages. - However, the free floating (major shareholders occupy 47.91%) raises the concern over liquidity.

New positions should be placed if there is the minor correction or the short-term range bound. Thus, traders should stay on the sidelines in order to capture the best bid/offer (Hourly chart).

The trading interest has started to spread to all cover warrants which have different underlying assets as well as trading activity also surged across groups. This is the sign for the active market.

The stock market maintains an upward trend and the liquidity is still at a high level, showing a bullish signal. Furthermore, the VNIndex approaches the important resistance level of the 1,200 pts threshold. If successfully surpasses this threshold, the uptrend will be confirmed. Therefore, investors should hold long positions and wait for the breakout signal.

The market maintains to increase with high liquidity, showing that the inflow is still positive. This reflects the market's optimistic sentiment towards the scenario of the VNIndex successfully surpassing the significant resistance level of 1,200 pts and confirming the uptrend. Therefore, investors should hold long positions and wait for the next signal.

New positions should be placed if there is the minor correction or the short-term range bound. Thus, traders should stay on the sidelines in order to capture the best bid/offer (Hourly chart).

The active long-term bullish move is confirmed. Thus, traders could hold the long positions on leading stocks. For new positions, minor correction or short-term range bound should be used to capture the good entry on leading stocks.

Inflow is intensified in the session, pushing the market increases by more than 1% with high liquidity. Besides, the VNIndex advance into the 1,180-1,200 pts zone, a significant resistance zone. Accordingly, if this index successfully surpasses the 1,200-pts threshold, an uptrend will be confirmed. Therefore, investors should hold long positions and wait for the next breakout signal.

New positions should be placed if there is the minor correction or the short-term range bound. Thus, traders should stay on the sidelines in order to capture the best bid/offer (Hourly chart).