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The money market has eased this week after SBV released liquidity support with a massive amount of repo contracts. Interbank rates were lowering for the second consecutive week with lower trading value, likely indicating that the liquidity problem in the banking system was resolved. In this, investors seem to watch closely the development of the FX market heading FOMC meeting in November. USDVND upturn remains persistent and it seems that SBV would return to implement monetary tools to stabilize the exchange rate in the next few weeks.

The VN30F2211 is traded 32 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.

Based on the second sharp contraction, the market confirms the downtrend again 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.

Market ended up to be net bought. Demand mainly spread to Consumer Staples, Financials and Materials, focusing on VNM, MSN, VCB, CTG, DPM and DCM. foreign selling activity was mainly absorbed by Materials and Real Estate focusing on HPG, VHM, NVL, DXG, KDH and VIC. With ETF flow, inflow remained at Vietnam. Net inflow was USD18mn. The positive flow of money was mainly driven by the strong demand on VanEck and Diamond.

Ca Mau Fertilizer (DCM) issued 3Q22’s business results on Oct 24, posting a VND3,307bn revenue (+83% yoy, -19% qoq) and a VND731bn NPAT (+95% yoy, -30% qoq). After hitting the peak of 48.5% in 1Q22, the gross margin fell steadily and reached 30.5% in 3Q22 (-2.68%p qoq and -1.73%p yoy).

Assisted by 88% yoy increase in pangasius export value and favorable base in 3Q21, Nam Viet announced VND1,239bn revenue (+88.9% yoy, -4.4% qoq) and VND120bn NPAT, vs a VND13bn loss in 3Q21. In 9M22, ANV delivered VND3,752bn revenue (+54% yoy) and VND567bn NPAT (+663% yoy), fulfilling 76%/90% of 2022 revenue/EBT guidance.

On Oct 20, TNH announced 3Q22 business results with a VND131bn revenue (+10% qoq and +5.3% yoy) and a VND44bn NPAT (+15.8% qoq but -26.4% yoy). In 9M22, the company posted revenue of VND338bn (+10% yoy) and a NPAT of VND98bn (-10% yoy), fulfilling 78%/65% of full-year guidance.

Based on the sharp contraction, the market confirms the downtrend again in the short term. Therefore, traders should stay on the sideline and wait for the next signals.

TNG announced 3Q22 IR News on Oct 19, which delivered positive business results. Specifically, the company posted 3Q22 revenue of VND2,018bn (+18% yoy) and NPAT of VND105bn (+23% yoy). Overall, in 9M22, the company achieved VND5,259bn (+29% yoy) in revenue and VND230bn in NPAT (+37% yoy) thanks to the recovered demand in main export markets including the US, and the EU.

The VN30F2211 is traded 26 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.