02
10月
In this case, investors should reduce a portion of stocks in their portfolio to the safety threshold. The next time, if the VNIndex successfully surpasses the important resistance threshold of 1,200-pts with high liquidity, this will be the opportune moment for investors to begin disbursing their capital again.
02
10月
The stock market recoveries slightly during the session with low liquidity, showing investors’ sentiment is still quite cautious. The downside risk is still intact as the VNIndex maintains to end below the 50-period moving average. Therefore, investors should reduce a portion of stocks in their portfolio to the safety threshold and focus on leading stocks.
02
10月
Oversold condition is reached as well as volatile period is active. New short positions are risky and selling point carries bad risk/reward ratio. Thus, traders should stay on the sidelines and wait for the favorable trading point.
02
10月
Economic activities accelerated further in 3Q23 mainly thanks to the impressive improvement in export activities and the solid investment from foreign and government sectors. On the upside, it seems the negative impact of external factors on Vietnam's economy has become less severe when the end of the global trajectory of rate hikes was counting down. Export turnover recorded a much softer decline, and FDI disbursement preserved its acceleration. However, domestic consumption continued decelerating due to a slowing recovery in foreign tourism, the lingering hardship of employees in the manufacturing sector, and the limited impact of fiscal measures. For future developments, we expect the export activities to recover and overwhelmingly drive the economy to accelerate in the next quarter.
29
9月
Oversold condition is reached as well as volatile period is active. New short positions are risky and selling point carries bad risk/reward ratio. Thus, traders should stay on the sidelines and wait for the favorable trading point.
29
9月
The stock market remains to have a high volatility session as demand in the afternoon to help the VNIndex ends around the reference points with low liquidity. The downside risk is still intact as this index maintains to end below the 50-period moving average. Therefore, investors should reduce a portion of stocks in their portfolio to the safety threshold and focus on leading stocks.
28
9月
Demand intensifies strongly in the afternoon, helping the stock market increase again after four consecutive deep loss sessions. However, the downside risk is still intact as the VNIndex maintains to end below the 50-period moving average. Therefore, investors should reduce a portion of stocks in their portfolio to the safety threshold and focus on leading stocks.
28
9月
BHX’s Aug sales soared to VND2.9tn (+3.5% mom, + 20% yoy), which was attributed to higher bill numbers (+4% mom) and fresh volume (+10% mom). TGDD and DMX’ Aug sales continued to decrease to VND6.8tn (+0.0% mom, -13% yoy) but being a slowdown compared to the drop of 25% yoy in June and 20% yoy in July, which was driven by the positive yoy growth of laptops and white products.
28
9月
The stock market has a 4th consecutive deep loss day with liquidity at a normal level, showing investors’ sentiment is still quite cautious. Besides, the VNIndex still closes below the 50-period moving average, indicating the downside risk is intact. Therefore, investors should reduce a portion of stocks in their portfolio to the safety threshold and focus on leading stocks.
28
9月
Oversold condition is reached as well as volatile period is active. New short positions are risky and selling point carries bad risk/reward ratio. Thus, traders should stay on the sidelines and wait for the favorable trading point.
24
8月
U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.
02
8月
July’s data revealed a substantial improvement in economic activities with a softer decline in export turnover, an improving industrial production, and a renewed acceleration in retail sales. On one hand, U.S. consumers tend to regain their confidence during the late phase of the global interest rate hike, fastening the resolution of the overstocking and consequently promoting Vietnam’s export activities. On the other hand, retail sales recorded a higher growth rate than in June coupled with moderate inflation after a series of easing fiscal policies, likely reflecting an expanding demand. We predict economic performance to improve further next month due to softening external headwinds and expanding domestic demand.
28
7月
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. In addition, the well-controlled inflation and stable exchange rate provide more space for the monetary authority to follow the easing tendency in the next quarter.
13
7月
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. Investment opportunities exist in Power and Agriculture, Seafood industries that backed by El-Nino and China consumption themes. Besides, crushed stone industry also offers a lucrative choice from 3Q23 for those investors seeking for rising public spending theme. We expect the target range for VNIndex in 2H23 to be 1,260-1,340 points.
30
6月
GSO’s June report shows a slight acceleration in economic performance for the second quarter of 2023. Although the economic growth surpassed the downgraded market assessment, it is far from the expected value in the eco-socio tasks. For the latest update in June, export activities deteriorated under the persistent slowdown in the consumption of Vietnam’s major trading partners, showing challenges for the economy to speed up. Regarding domestic factors, the recovery momentum in post-pandemic exhausted with retail sales much lower than the potential level. In the short term, we predict public investment will mainly support economic growth before material improvement in external factors occurs.
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