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Long positions on VN30F2306 should not be closed and stop the loss when there is the closing price below 1,050 pts level (Hourly chart).

Due to the favorable risk/reward ratio, traders could open the long positions after ATO session. Long VN30F2306 after ATO session and stop the loss when there is the closing price below 1,050 pts level (Hourly chart).

The rebound phase is confirmed as well as bullish momentum is active. Thus, traders could open the long positions on leading stocks. However, position size should be low due to the active selling pressure near 1,080-1,100 pts area.

Although the market enter a correction session, the VNIndex still end the session above the 50-period moving average. In the short term, this index is retest the 10-period moving average. Therefore, investors should stand aside and observe the next movements of the market.

Due to the favorable risk/reward ratio, traders could open the long positions after ATO session. Long VN30F2306 after ATO session and stop the loss when there is the closing price below 1,050 pts level (Hourly chart).

In the short term, the stock market may face the downside risk as the VNIndex closes below the 10-period moving average. However, the index still closed above the 50-period moving average, showing the signals lose consensus. Therefore, investors should be careful with their investment decisions.

Although the market continues to decrease, the VNIndex still closes above the 50-period moving average. Accordingly, more signals are still needed to confirm the market's trend. Therefore, investors should stand aside and observe the next movements of the market.

We tuned in to MSB’s analyst meeting on May 24 which featured the strategical visibility on the bank and shed some light on its 1Q23 operational updates. The ratio of loan type 2-5 to cross loan and NPL climbed to 5.2% (vs. 3.1% as of end-2022) and 2.0% (vs. 1.7% as of end-2022) respectively. We note that the 1Q23 loan type 2 grew +146%YTD to VND4,337bn, about added VND2,700bn. Restructuring loan on circular 02 is estimated at VND229bn. Of which, SME and retail estimate VNsD189bn and VND40bn respectively according to the management.

Due to the favorable risk/reward ratio, traders could open the long positions after ATO session. Long VN30F2306 after ATO session and stop the loss when there is the closing price below 1,050 pts level (Hourly chart).

PVS posted a solid business result in 1Q23 with flat revenue of VND3.7tn (-2% yoy), in which, Mechanical & construction (M&C) revenue reach VND2,048b (+4.1% yoy). PVS recorded NPAT-MI of VND215bn (-1% yoy) due to having a one-off profit in 1Q23. In the long term, PVS will focus on offshore wind power.