Tiếng Việt
普通话
11
July
Market commentary: Rebound
Despite the recovery, the downside risk is still intact in the short term. Therefore, traders should stay on the sidelines and wait for the next signal.
Research Center
11
July
Chart of the day: Confirm bearish market again
In the short term, the downtrend is dominant because of the trending indicator and low liquidity.
08
July
Market commentary: Bullish piercing pattern
Bullish piercing appears on the VNIndex, implying a bullish signal. However, the downtrend is dominated in the short term with low liquidity. Therefore, traders should stay on the sidelines and wait for the next signal.
07
July
Market commentary: A new bottom
Based on the new low, the market sentiment has become pessimistic. Therefore, traders should stay on the sidelines and wait for the next signal.
06
July
Strategic Insight: A big bull?
Economic activities remain strong in the second quarter with an unexpectedly high growth rate due to the fruitful trade and recovering domestic consumption. Given this momentum, we predict that Vietnam’s economy to accelerate in the next quarter. However, the recession would possibly lower economic performance than expected through the global value chain transmission. For Vietnam stock market, we expect that the VNIndex would form a new trough thanks to solid macro indicators and the analysis of cycles and patterns of the VNIndex. Accordingly, the index would possibly reach the threshold of 1,300-1,400 points in 3Q22.
06
July
Market commentary: High selling pressure
Market sentiment has become cautious because of the second contraction. Therefore, traders should stay on the sidelines and wait for the next signal. Besides, traders should watch the double bottom pattern as the levels of the two last bottoms are the same.
05
July
Market commentary: Brokerage in the spotlight
Based on the contraction, the downside risk is still in the short term. Therefore, traders should stay on the sidelines and wait for the next signal. Besides, traders should watch the double bottom pattern as the levels of the two last bottoms are the same.
04
July
Fundflow 27 Jun – 01 Jul: Vietnam continues to be the leader of SEA
Market ended up to be net bought. Demand was mainly attracted by Financials and Industrials whilst selling activity was absorbed the most by Materials, Consumer Staples and Real Estate. With ETF flow, money inflow across Vietnam dropped. Net inflow was USD5mn. The positive flow of money was mainly driven by the demand on VFMVN Diamond and Fubon FTSE.
04
July
Market commentary: Bottom fishing
Because downside risk is still in the short term, traders should stay on the sidelines and wait for the next signal. Besides, traders should watch the double bottom pattern as the levels of the two last bottoms are the same.
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.