22
April
The company targets a VND28,000bn revenue (-2.1%yoy) and a VND1,600bn NPAT (-28% yoy) amid input volatility and logistic cost concerns. In 1Q22, the company’s revenue was VND7,100bn (+46% yoy) and NPAT was VND507bn (+58.9% yoy), fulfilling 25.3%/31.6% of annual guidance, respectively. 2Q22 revenue is expected to be over VND8,000bn.
22
April
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase or consolidation phase.
22
April
In the short term, the VNIndex closed below the 1,400-pts threshold, implying the downside risk. The rectangle pattern is confirmed with the pattern's target of a 1,340-pts zone. Therefore, traders should wait for the next signals and stay on the sidelines.
21
April
PVD targets a VND4.7tn revenue (+17.5% yoy), and a VND0bn PBT (vs VND62bn in 2021) in 2022F. The earnings guidance is set blank as the company has yet reaped the fruitful results from the oil price hike. Per the company, although the drilling market has started to warm thanks to rising oil prices, however, some drilling contracts were already signed in 2021 with low Jack-up (JU) day rates. PVD expects the JU day rate will improve from 3Q22F thanks to new contracts.
21
April
On April 20, SSI Securities (SSI) announced consolidated business results for 1Q22. Revenue was pegged VND2,008bn(-17% qoq, +33% yoy) and NPAT was VND706bn (-29% qoq , +67% yoy). 1Q22 fulfilled 19% and 20% of full-year company’s target for revenue and profit, respectively. With the lost market share on HSX, brokerage revenue was VND599bn (-24% qoq, +37% yoy). Brokerage rate was also reduced to 0.1845% (-0.43bps qoq). Margin balance at end-Mar was VND20,620bn (-9.4% qoq) and still the top 1 in margin provider. Although margin balance dropped by 10%, revenue from this profession recorded VND566bn (+2% qoq, +131% yoy) thanks to improved lending rate.
21
April
The VNIndex closed below the 1,400-pts threshold, implying the downside risk. The rectangle pattern is confirmed with the pattern's target of a 1,340-pts zone. Therefore, traders should wait for the next signals and stay on the sidelines.
21
April
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase on the upcoming contract.
20
April
The company held an AGM session on Apr 20th to articulate the business plan, coming out with optimistic business guidance. The company targets a VND13,000bn revenue (+43.5% yoy) and a VND1,600bn NPAT (+46% yoy) in 2022F. In 1Q22, the company reached VND3,276bn in revenue (+83% yoy) and VND553bn in NPAT (+3.2x yoy) completing 24%/33% of full-year forecast.
20
April
This monthly report on Vietnam steel production is intended to track the developments in the steel market. During Mar 22, we observed the continuous domestic revival in all finished steel products on month-on-month basic. . The total consumption volume (excluded steel coil) was up 17.4% mom to 1.9mn tonnes, -6.0% yoy.
20
April
Traders should stay on the sidelines and wait for the new short positions which would come after the rebound phase.
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.
Tiếng Việt
普通话
