![HAG – [Non-rated] – Brief – Clearer business path](https://kisvn.vn/en/wp-content/uploads/sites/2/2019/09/page-phantich-m.jpg)
27
October
HAG posted 3Q22 business results with a VND1,441bn revenue (+160% yoy, +17% qoq), and a VND370bn NPAT (+16x yoy, +40% qoq). In detail, revenue from fruits were VND577bn (-10% qoq, +162% yoy), followed by pigs with VND540bn (+108% qoq, +195% yoy), and others with VND324bn (-2% qoq, +115% yoy) in 3Q22.
27
October
The VN30F2211 is traded 23 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur which would stop out the late short. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
27
October
In the short term, the downtrend is still intact, as the VNIndex closes below the 1,000-pts threshold. Therefore, traders should stay on the sideline and wait for the next signals.
26
October
On Oct 25, DBD posted 3Q22 business results with a VND394bn revenue (+16.9% qoq, -28.9% yoy), and a VND54bn NPAT (-9.3% qoq, +31.2% yoy). In 3Q22, revenue from production increased by 20% qoq and 18% yoy to VND392bn. Other revenue was modest with VND2bn vs VND221bn in 3Q21 and that dipped the 3Q22 revenue.
26
October
On Oct 25, TRA announced 3Q22 business results with a VND604bn revenue (+6.4% yoy, +2.4% qoq) and a VND77bn NPAT (+8.3% yoy, -10% qoq). Gross margin fell from the peak of 62.2% in 2Q22 to 56.5% (+4.4%p yoy) in 3Q22. In 9M22, TRA posted revenue/NPAT of VND1,818bn (+14.4% yoy) and VND251bn (+28% yoy), respectively, fulfilling 78%/88% of full-year guidance.
26
October
Despite the recovery, the market confirms the downtrend in the short term. Besides, the VNIndex closes belove the 1,000-pts threshold, showing a pessimistic sentiment. Therefore, traders should stay on the sideline and wait for the next signals.
26
October
The VN30F2211 is traded 30 pts below VN30 Index which carries high level of volatility in upcoming sessions and the intraday rally could occur which would stop out the late short. Thus, new short position on VN30F2211 is risky, traders should stay on the sidelines and wait for the valid trading point.
26
October
Last week, trading value kept decreasing across the covered warrant market, mainly impacting by the stock market correction. Particularly, trading value was fell to VND37bn. By underlying asset, covered warrants which have STB as the underlying asset kept attracting interest from both domestic and foreigners, mainly driving by CSTB2220 (-51.4%) and CSTB2215 (-41.5%).
25
October
The money market has eased this week after SBV released liquidity support with a massive amount of repo contracts. Interbank rates were lowering for the second consecutive week with lower trading value, likely indicating that the liquidity problem in the banking system was resolved. In this, investors seem to watch closely the development of the FX market heading FOMC meeting in November. USDVND upturn remains persistent and it seems that SBV would return to implement monetary tools to stabilize the exchange rate in the next few weeks.
25
October
Ca Mau Fertilizer (DCM) issued 3Q22’s business results on Oct 24, posting a VND3,307bn revenue (+83% yoy, -19% qoq) and a VND731bn NPAT (+95% yoy, -30% qoq). After hitting the peak of 48.5% in 1Q22, the gross margin fell steadily and reached 30.5% in 3Q22 (-2.68%p qoq and -1.73%p yoy).
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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