24
August
Daily derivatives: Volatile period
Although the reversal for the downtrend is still not confirmed, new long positions for swing trading are not recommended due to the upcoming volatile period.
24
August
Although the reversal for the downtrend is still not confirmed, new long positions for swing trading are not recommended due to the upcoming volatile period.
24
August
The stock market experiences a significant decrease in session with low liquidity, showing investors’ caution sentiment. Besides, the downside risk is still present as the VNIndex closes below the 50-period moving average. Therefore, investors should reduce the portion of stock in their portfolios and wait for the next signals.
23
August
U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.
23
August
Although the reversal for the downtrend is still not confirmed, new long positions for swing trading are not recommended due to the upcoming volatile period.
23
August
Lực cầu bắt đáy trong phiên chiều đã đẩy VNIndex hồi phục trở lại quanh điểm tham chiếu với thanh khoản vẫn ghi nhận ở mức ổn định. Tuy nhiên, rủi ro giảm điểm vẫn còn nguyên vẹn khi chỉ số này duy trì kết phiên dưới đường trung bình động 20 kỳ. Do đó, nhà đầu tư nên giảm tỷ trọng cổ phiếu trong danh mục và chờ đợi các tín hiệu tiếp theo. Trong những phiên tiếp theo, nếu VNIndex có dấu hiệu tăng mạnh cùng với thanh khoản ở mức cao thì tín hiệu bán hình thành cuối tuần trước có thể sai.
22
August
PNJ’s Jul net revenue surged by 8.5% mom to VND2.4tn in July 23, -5.8% yoy compared to June performance (-17.1% yoy). Gold 24K gained the spotlight with a VND5.7tn, +1.2% yoy, 30.4% of total sales. - The Jul result rewarded 7M23 NPAT growth with a 0.4% yoy (VND1.2tn, completing 60.4% of annual guidance) vs -0.5% yoy in 6M23.
22
August
The stock market increases slightly during the session with liquidity records at a normal level. Despite the recoveries, the downside is present as the bearish market is confirmed before. Therefore, investors should reduce the portion of stock in their portfolios and wait for the next signals.
22
August
The trading interest has started to spread to all cover warrants which have different underlying assets as well as trading activity also surged across groups. This is the sign for the active market. However, the correction from the major market has negatively impacted the Cover Warrant market.
22
August
Although the reversal for the downtrend is still not confirmed, new long positions for swing trading are not recommended due to the upcoming volatile period.
22
August
In general, outflow across Vietnam’s ETF intensified strongly while an absence of signs of demand resurgence. In this case, selling pressure may present the next time, however, an expectation that demand will come back on some major ETFs the next time.
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.