Tiếng Việt
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18
April
Market commentary: Cautious rebound
Despite the recovery, the downside risk is still intact because of a high selling pressure at high level. Hence, traders should be careful if the market still shows negative signals.
Research Center
» Investment Strategy » ETF Review
17
April
Market commentary: High profit-taking
The downside risk is still intact because of the sharp losing session. Hence, traders should be careful if the market still shows negative signals.
14
April
Market commentary: Energy in the spotlight
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.
13
April
ETF Review: VN DIAMOND Index remove EIB
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.
13
March
ETF Review: VanEck buy NVL, VND, and SHB the most
In this review, the VanEck Vietnam ETF will change the benchmark index from the MVIS Vietnam Index to MarketVector Vietnam Local Index. Accordingly, the VanEck Vietnam ETF will focus 100% on the Vietnam stocks market based on the new index. The ETF will remove STB while it will add DCM and DXG.
09
March
ETF Review: FTSE Vietnam Index will remove four tikcers
FTSE Russell announced that the FTSE Vietnam Index will remove TCH, PDR, STB, and PLX while it will add SHB and EIB in this review. The new weights will be effective on 20 Mar 2023.
18
January
ETF Review: Local ETFs buy MWG the most
HoSE announced new constituents of the VN30Index and VNFIN LEAD Index last Monday. Accordingly, the VN30Index will add BCM and remove KDH in the 1H23 review. Besides, the VNFIN LEAD Index will not include or remove any tickers. Based on data as of 17 July 2023, we expect local ETFs to buy MWG, GMD, and OCB the most with 13.9 million shares, 9.1 million shares, and 5.3 million shares, respectively. On the sell side, MSB will be sold heavily with 11.3 million shares.
12
January
ETF Review: VN30 Index adds BCM and removes KDH
In this quarterly review, the VN30Index is expected to add BCM and remove KDH. We expect the local ETFs, which use the VN30Index as a benchmark index, to buy MBB and HPG the most with 1.2 million shares and 1.0 million shares. On the sell side, KDH and ACB will be sold heavily with 2.9 million shares and 1.3 million shares.
12
December
ETF Review: Foreign ETFs buy VND, NVL, and SSI the most
The FTSE Vietnam Index will not remove and add any ticker in the 4Q22. Besides, the MVIS Vietnam Index will remove BCG, DXG, ITA, and THD in this quarterly review. Based on data as of 12 Dec 2022, we expect that foreign ETFs will sell VRE and STB the most with 12 million shares and 11 million shares. On the buy-side, VND, NVL, and SSI will be bought heavily with 12 million shares, 10 million shares, and 5 million shares. The new weights will be effective on 19 Dec 2022.
Featured Articles
15
March
Point Break
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Outlook 2022 – The Big Uptrend
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
Time to bet on economic recovery?
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Fragile hope of recovery path under the worst outbreak
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
INFLATION: A transient or long-lasting shock?
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.