20
September
FPT released August business results with VND3.8tn revenue (+35% yoy), and VND739bn PBT (+28% yoy). For 8M22, the company recorded revenue of VND27,1tn (+24% yoy) and PBT of VND5,0tn (+23.6% yoy), fulfilling 64% and 65% of its 2022 guidance, respectively. Particularly, the technology segment still strengthens its position with revenue of VND15.5tn (+24.1% yoy) and PBT of VND 2.3tn (+25% yoy).
20
September
Short positions on VN30F2210 should be held and stop the loss when there is the closing price above 1,260 pts level. (Hourly chart)
20
September
Based on the strong loss, the downtrend of the VNIndex is still intact in the short term. Besides, the VNIndex closes below significant moving averages. Therefore, traders should reduce long positions and wait for the next signals.
19
September
TNG posted August revenue of VND697bn (+21% yoy) and NPAT of VND37.6bn (+31% yoy) thanks to increased orders from key export markets, including the US and EU. Overall, in 8M22, the company recorded revenue of VND4,705bn (+33% yoy) and NPAT of VND204bn (+44% yoy), fulfilling 78% and 73% of its 2022F guidance, respectively.
19
September
Market ended up to be net sold. Supply mainly spread to Financials, Industrials, and Real Estate whilst demand was mainly absorbed by Energy, Consumer Discretionary, and Consumer Staples. With ETF flow, inflow has come back to Vietnam after experiencing three consecutive weeks of outflow. The inflow was mainly driven by the slowdown of outflow on VFMVN Diamond as well as demand also spread to other major ETFs.
19
September
Short VN30F2210 when there is the breakdown at 1,250 pts level and stop the loss when there is the closing price below 1,280 pts level. (Hourly chart)
19
September
The downtrend of the VNIndex is still intact in the short term due to pessimistic sentiment. Therefore, traders should reduce long positions and wait for the next signals.
19
September
The bearish trend is dominant in the short term because the breakdown occurs last week. In this case, investors should reduce long positions and wait for the next signals.
16
September
In Aug, total fertilizer export volume was 117,973 tonnes (+5% mom and +81% yoy), equivalent to USD71mn (-5% mom and +173% yoy). In contrast, the export price declined by 10% mom to reach USD602/tonne. Vietnam imported 246,015 tonnes (+46% mom and -100% yoy) of fertilizer in Aug, equivalent to USD113mn (+69% mom and -99% you). We estimate the gas input price in Aug was USD270/tonne (-2% mom and +21% yoy). Until mid-Sep, the average gas price is USD241/tonne, down 11% vs the Aug level.
16
September
We witnessed the slump in performance of FY11M2022 on year-on-year basis caused by weak sales volume in first 8 months of 2022, which showed a significant drop in demand from both domestic and export channels.
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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