22
February
Despite the gaining session, the VNIndex moves around the 1,500-pts threshold with low liquidity, implying the cautious market sentiment. Besides, the downside risk is still intact. Therefore, traders should be careful and stay on the sidelines until the next bullish signals.
21
February
Foreign demand ticked up. Buying activity focused on Real Estate and Consumer Staples whilst solid supply was absorbed by Materials. With ETF flow, inflow came back, driven by the strong demand on VFMVN30 ETF and SSIAM VNFIN Lead.
21
February
The VNIndex move around the 1,500-pts threshold with low liquidity, implying the cautious market sentiment. Besides, the downside risk is still intact. Therefore, traders should be careful and stay on the sidelines until the next bullish signals.
20
February
Long position on VN30F2203 should be held and stop the loss when there is the closing price below 1,500 pts level.
20
February
Bullish momentum has been improved as well as the medium-term trend is still supported. In this case, investors should continue to hold the current positions on leading stocks and position size should be closed by half when the 1,470 pts zone is pierced.
18
February
On Feb 18, PDR set up an analyst meeting to brief their 4Q21 results, land bank acquisition and development plan in 2022F-24F. The company claims to acquire at least 5,531ha as of end-2021 (459ha as of end-2020) in 8 provinces of which 18-20% is secured for development while the remainders are sought for a legal license. Breaking down by type of purpose, 28% of the total land bank is monetised for industrial estates. In detail, PDR plans to monetize a 24ha logistic area in Cai Mep-Vung Tau province and 394ha Cao Lanh industrial park in Dong Thap province in 2022F
18
February
On Feb 18 analyst meeting, Bamboo Capital Group (BCG) introduced us to the 4Q21 results and their 2022F business plans regarding real estate development and renewable energy strategy. - The net debt to equity is geared to 1.55-1.56x in 2020-21, raising concerns about their leverage. The company has yet provided its fund plan but could issue 60mn shares in 2022F to reduce this ratio.
18
February
The sector aggregated revenue was pegged at VND20.4tn (+92% yoy) in 4Q21 and VND60.5tn (+109% yoy) in 2021. In tandem with the revenue growth, aggregated profit after tax grew robustly with VND6.6tn (+88% yoy) in 4Q21 and VND21.5tn (+115% yoy) in 2021. We estimate that the ADTV in 1Q22F continues to stay at VND22tn-23tn (+20% yoy). Revenue from brokerage and margin lending could account for a major proportion in revenue and net profit structure. Therefore, revenue performance in 1Q22F could be secured with positive YoY results.
18
February
Despite the breakout for 1,500-pts threshold, the downside risk is still intact due to low liquidity. Therefore, traders should be careful and stay on the sidelines until the next bullish signals.
18
February
Buy point is ready on VN30F2203. Long this instrument after ATO session and stop the loss when there is the closing price below 1,500 pts level.
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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