Tiếng Việt
普通话
13
June
Daily derivatives: The range is still respected
Long position on VN30F2206 should be held and stop the loss when there is the closing price below 1,270 pts level. (Hourly chart)
Research Center
13
June
Market commentary: Profit-taking
Despite the strong contraction, the VNIndex maintains the bullish trend thanks to bullish signals of technical indicators. Therefore, traders may hold long positions.
13
June
Chart of the day: Profit-taking at 1,300 pts
Based on a bullish market, traders may open small long positions on leading stocks. However, the downside risk is still intact in the long term, hence, they should avoid buying on margin.
10
June
Daily derivatives: Heading to the selling zone
Long position on VN30F2206 should be held and stop the loss when there is the closing price below 1,270 pts level. (Hourly chart)
10
June
Market commentary: Low liquidity
The VNIndex confirms the bullish trend thanks to the breakout of the small rectangle, continuation pattern, with a target price of around 1,400 pts. Therefore, traders may open and hold long positions.
09
June
NT2 – AGM Brief – Stays resilient amid headwinds
The management sets conservative guidance when it targets the output of 4.34bn kWh (+35% yoy), revenue of VND8,129bn (+32% yoy), and PAT of VND468bn (-12% yoy). NT2 is going to pay a 15% cash dividend at par for 2022F. In 1Q22, NT2 recorded a splendid result with a VND2,006bn (+22% yoy) and a VND159.6bn (+38.9% yoy), fulfilling 25%/34% annual guidance. 2Q22’s net profit is predicted to exceed 20% of quarterly plan. NT2 expects to enjoy better results in 2022F and a spectacular result since 2024F when its assets reach full depreciation.
09
June
Power – Brief – Nonrated – May operational updates
In May 2022, total electricity production was 23.34bn kWh (+3.2% mom, -2.7% yoy). Hydropower output also surged 47.9% yoy, 44.7% mom to hit 8.31bn kWh in the context of rising gas and coal prices when coal and gas thermal power output plunged. Vinacomin and Dong Bac pledged to supply enough coal for remaining months when total coal volume supplied to power plants is expected to reach 43.99mn tonnes. The nuclear power plant and Block B - O Mon projects are considered to be resumed to meet surging power demand.
09
June
Daily derivatives: Demand comes back
Long position on VN30F2206 should be held and stop the loss when there is the closing price below 1,270 pts level. (Hourly chart)
09
June
Market commentary: Breakout of small rectangle
Based on the breakout, the VNIndex confirmed the small rectangle, continuation Pattern, with a target price of around 1,400 pts. Therefore, traders may open and hold long positions.
08
June
Daily derivatives: Retest 1,300 pts area
Long position on VN30F2206 should be held and stop the loss when there is the closing price below 1,270 pts level. (Hourly chart)
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.