04
November
The short-term uptrend is still intact as the VNIndex closes above the 1,000-pts threshold. However, the bullish signal is not enough to confirm the medium-term uptrend. Therefore, traders should stay on the sideline and wait for the next signals.
03
November
PVT posted decent results in 3Q22 with revenue of VND2,330bn (+39% yoy) and NPAT of VND386bn (+152% yoy). Revenue grew strongly thanks to the growth of its core business – transportation (+45% yoy to VND1,807bn in 3Q22), which was driven by higher tanker rates and the contribution from newly-acquired tankers. Overall, in 9M22, the company achieved a VND6,609bn revenue (+25% yoy) and VND832bn NPAT (+38% yoy), fulfilling 102/173% of its 2022F guidance.
03
November
Overall, SAB recorded a solid 3Q22 business result with a VND8.6tn revenue (+101% yoy), and VND1.3tn NPAT-MI (+202% yoy) due to a significant low base in 3Q21 when applying lock down measures. For 9M22, SAB revenue and NPAT-MI went up by 44% yoy and 77% yoy to VND25tn and VND4.2tn, respectively, fulfilling 72%/91% of guidance.
03
November
Based on our estimate, the fertilizer sector announced a VND28,491bn revenue (+47.1% yoy), and a VND4,188bn NPAT (+123.4% yoy) in 3Q22, mainly driven by the strong increase in selling prices. Nonetheless, with the fall in domestic selling and petite contribution from the export turnover, 3Q22 revenue/NPAT of the whole sector still lagged behind vs 2Q22 by 11.2%/24.7% qoq in 3Q22.
03
November
Long VN30F2211 after ATO session, set 1,080 pts area as the profit target and stop the loss when there is the closing price below 1,000 pts level. (Hourly chart)
03
November
The uptrend is still intact as the VNIndex closes above the 1,000-pts threshold. However, the bullish signal is not enough to confirm the medium-term uptrend. Therefore, traders should stay on the sideline and wait for the next signals.
02
November
Long VN30F2211 after ATO session, set 1,080 pts area as the profit target and stop the loss when there is the closing price below 1,000 pts level. (Hourly chart)
02
November
The uptrend is still intact as the VNIndex crosses up the 1,000-pts threshold and forms Doji candlesticks. That implies a short-term recovery. However, the bullish signal is not enough to confirm the medium-term uptrend. Therefore, traders should stay on the sideline and wait for the next signals.
01
November
Although SBV returns to support liquidity to its counterparties this week, funding cost in the money market has increased significantly in preparation for FOMC’s meeting in November. The development in the foreign exchange market remains tight as the interbank USDVND this week still anchors to SBV’s selling price, indicating that FX traders are watching closely to Fed’s decision this time. Due to the importance of the Fed’s interest rate decision in November, we predict that interbank rates in the Vietnam money market will remain high for several next weeks.
01
November
VSH posted its 3Q22 decent business results with revenue of VND652bn (+126% yoy) and PAT of VND221bn (up from the loss of –VND42bn in 3Q21), mainly bolstered by the increase of average selling price (+22% yoy) and output (+85% yoy). Overall, the revenue and PAT in 9M22 were VND2,122bn (+117% yoy) and VND882bn (+353% yoy) and fulfilled 105%/168% its full year guidance.
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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