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The VNIndex shows the rebound in the short term thanks to high bottom fishing around the 1,000-pts threshold. In this case, investors should stay on the sidelines and wait for the next signals.

The rebound phase is active within the bearish market. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.

Strongly recovered from lockdown period, VRE’s net revenue in 3Q22 rose sharply by 154.7% yoy to VND2tn. Net profit in 3Q22 increased by 3,156% yoy to VND794bn. GPM improved significantly from 17% in 3Q21 to 52% in 3Q22 due to deduction of rental fee to support lessees during Covid-19 in 3Q21. Up to 3Q22, VRE has respectively fulfilled 65% and 81% of revenue and NPAT guidance.

HAG posted 3Q22 business results with a VND1,441bn revenue (+160% yoy, +17% qoq), and a VND370bn NPAT (+16x yoy, +40% qoq). In detail, revenue from fruits were VND577bn (-10% qoq, +162% yoy), followed by pigs with VND540bn (+108% qoq, +195% yoy), and others with VND324bn (-2% qoq, +115% yoy) in 3Q22.

In the short term, market sentiment has become optimistic because the VNIndex crosses the 1,000-pts threshold with high volume. That implies a short-term recovery. However, the bullish signal is not enough to confirm the medium-term uptrend. Therefore, traders should stay on the sideline and wait for the next signals.

In 3Q22 Vinhomes recorded the VND14.4tn NPATMI, +29.8% yoy, +28.4x qoq thanks to a VND10,923bn financial income from the bulk sale transactions in Empire and Crown projects. In addition, Empire project contributed a VND13.2tn out of VND14.4tn property revenue, prompting a VND17.8tn total revenue in 3Q22.

On Oct 25, TRA announced 3Q22 business results with a VND604bn revenue (+6.4% yoy, +2.4% qoq) and a VND77bn NPAT (+8.3% yoy, -10% qoq). Gross margin fell from the peak of 62.2% in 2Q22 to 56.5% (+4.4%p yoy) in 3Q22. In 9M22, TRA posted revenue/NPAT of VND1,818bn (+14.4% yoy) and VND251bn (+28% yoy), respectively, fulfilling 78%/88% of full-year guidance.

The VN30F2211 is traded 30 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur which would stop out the late short. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.

Last week, trading value kept decreasing across the covered warrant market, mainly impacting by the stock market correction. Particularly, trading value was fell to VND37bn. By underlying asset, covered warrants which have STB as the underlying asset kept attracting interest from both domestic and foreigners, mainly driving by CSTB2220 (-51.4%) and CSTB2215 (-41.5%).

Despite the recovery, the market confirms the downtrend in the short term. Besides, the VNIndex closes belove the 1,000-pts threshold, showing a pessimistic sentiment. Therefore, traders should stay on the sideline and wait for the next signals.