04
October
Foreign selling activity kept overwhelming. Selling pressure continued to on Financials, Real Estate and Materials whilst Consumer Staples attracted the most foreign demand across the market. With ETF flow, Vietnam experienced the outflow, mainly driven by the divestment on X FTSE Vietnam and VFMVN30 ETF.
04
October
The downside risk increases in the short term as selling pressure on large-cap stocks. Therefore, traders should be careful and reduce long positions.
04
October
In this situation, traders should wait for a signal to confirm the new trend before opening new positions. However, the long-term uptrend is still intact. Hence, the contraction is the opportunity to accumulate stocks for long-term positions at significant supports such as the 1,300-pts threshold.
04
October
In this quarterly review, the VN30Index and VNFIN LEAD Index rebalances their weight according to the new free-float rate, share outstanding, price... While VN DIAMOND Index is expected to add OCB and remove LPB. We expect local ETFs to buy OCB, CTG, GMD, and MSB the most with 8.4 million shares, 3.8 million shares, 3.3 million shares, and 2.9 million, respectively. On the sell side, LPB will be sold heavily with 11.2 million shares.
01
October
Despite the bullish market, market sentiment has become cautious as the VNIndex increases slightly. Besides, the uptrend may be reversed as the breakout signal of the symmetrical triangle is false. Therefore, traders should be careful and wait for the next signals.
01
October
The VNIndex tested the 1,450-pts threshold, implying the short-term uptrend. The target price of a small rectangle pattern is 1,470-1,500-pts. Therefore, the traders should hold their long position and focus on leading stocks.
30
September
Market sentiment has become cautious due to the downside risk. Besides, the uptrend may be reversed as the breakout signal of the symmetrical triangle is false. Therefore, traders should be careful and wait for the next signals.
29
September
Despite the strong recovery, the downside risk is intact in the short term. Besides, the uptrend may be reversed as the breakout signal of the symmetrical triangle is false. Therefore, traders should be careful and wait for the next signals.
28
September
Foreign selling activity kept overwhelming. Selling pressure continued to on Real Estate and Materials whilst Financials attracted the most foreign demand across the market. With ETF flow, Vietnam experienced the outflow, mainly driven by the divestment on X FTSE Vietnam, VFMVN30 ETF, and VFMVN Diamond ETF.
15
March
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
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
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
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
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.
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