研究中心

In this quarterly review, the VN DIAMOND Index is expected to remove EIB. The results will be announced on 17 Apr 2023, the new weight will be effective on 04 May 2023.

The VNIndex shows downside risks due to the losing session. Notably, the index closes below the 10-period moving average. That means the signals lose consensus. Hence, traders should be careful if the market still shows negative signals.

PVT targets a conservative 2023F plan with VND6.8tn revenue (-24.4% yoy), and a VND538bn PAT (-53.5% yoy), however, the management is confident to exceed the plan. Capex in 2023F is estimated to be VND4.1tn mainly including the new 6 ships buying cost, Capex was financed by 35% equity and 65% debt.

Long positions on VN30F2304 should be held and stop the loss when there is the closing price below 1,050 pts level. (Hourly chart)

The VNIndex shows downside risks due to cautious sentiment. Notably, the index closes below the 10-period moving average. That means the signals lose consensus. Hence, traders should be careful if the market still shows negative signals.

Mar export value of Vietnam’s T&G improved on a monthly basis largely based on the recovery in US market. Nonetheless, the Mar and Feb decent performance could not enlighten the 1Q23 tepid outcome with USD7.2bn, -17.4% yoy. Vietnam’s fiber and yarn (F&Y) export value remarkably slid 29.0% yoy but rose 11.0% mom to USD376mn in Mar. Following Feb’s solid industry growth, the Feb export revenue of most listed companies was favorable.

The money market is in the early stage of the potential reversal of the first lending market after two rounds of policy rate cuts SBV delivered in March-mid. Accordingly, deposit rates have declined for mid-term tenors (from one month to below six months). This development could facilitate commercial banks to lower lending rates, causing lending activities to improve next month. As per liquidity condition, the overnight interbank rate surged this week, likely attributed to the potential mismatch between depositors and banks in the first stage of interest rate reversal and increasing demand for reserves in the upcoming long holiday.

Long VN30F2304 after ATO session and stop the loss when there is the closing price below 1,050 pts level. (Hourly chart)

Despite the rebound, the VNIndex shows downside risks. Notably, the index closes below the 10-period moving average. That means the signals lose consensus. Hence, traders should be careful if the market still shows negative signals.

Foreign demand slowed down whilst selling pressure stayed at high level, pushing the market to ended up to be net sold. Net sell value was USD33mn. With ETF flow, outflow was active across Vietnam, ending the 4 consecutive weeks of inflow. Outflow was USD2mn. Notably, outflow has spread among major ETFs and demand on Fubon ETF was paused. There is still not a good sign for the stable inflow and outflow could be active in upcoming weeks.