04
November
Despite the contraction, the VNIndex maintains its short-term uptrend as the index closed above the significant moving average and 1,400-pts threshold. Therefore, the traders should hold their long position and focus on leading stocks.
03
November
The captured long positions on VN30F2111 should not be closed and stop the loss when there is the closing price below 1,460 pts level (Hourly chart). For new positions, traders could trigger the long positions at 1,500-1,520 pts zone and stop the loss when there is the closing price below 1,460 pts level (Hourly chart).
03
November
Market sentiment has become optimistic in the short term, showing the uptrend. The VNIndex has been approaching the target price of a small rectangle pattern at 1,470-1,500 pts. Therefore, the traders should hold their long position and focus on leading stocks.
02
November
Despite the bearish session, the uptrend of the VNIndex is still intact in the short term. The target price of a small rectangle pattern is 1,470-1,500-pts. Therefore, the traders should hold their long position and focus on leading stocks.
02
November
The captured long positions on VN30F2111 should not be closed and stop the loss when there is the closing price below 1,460 pts level (Hourly chart). For new positions, traders could trigger the long positions at 1,500-1,520 pts zone and stop the loss when there is the closing price below 1,460 pts level (Hourly chart).
02
November
Foreign demand ticked up. Buying activity focused on Financials, Utilities, and Materials whilst Industrials and Consumer Staples were sold the most. With ETF flow, Vietnam kept attracting the flow of money, mainly driven by the surge of demand across VFMVN30 ETF and SSIAM VNFIN Lead ETF.
01
November
We tuned in to VIC’s analyst meeting on Nov 1 which features the strategical visibility on Vinfast and shares some lights on its 3Q21 operational updates. Vingroup reported its loss 3Q21 NPATMI at VND351bn in light of shrinking revenue growth of 16.2% yoy to VND30.1tn. Vinfast market share is the most prominent point in 3Q21 performance. Specifically, VinFast retained the number 1 position domestically with Fadil being the best-selling car model. Vinfast also rolled out more than 10k charging ports, covering 62/63 provinces and cities across Vietnam.
01
November
October macro figures well illustrate that the economic recovery has been more resilient than our expectation in the early reopening. From the supply side, the industrial sector has been through a resilient recovery to surpass a pre-pandemic level. On the demand side, retail sales also rebounded remarkably shortly after easing social-distancing rules, while export demand remained sound and stable. From our view, this is just a start of the successful economic recovery in the fourth quarter.
01
November
The VNIndex tested the 1,450-pts threshold, implying the short-term uptrend. The target price of a small rectangle pattern is 1,470-1,500-pts. Therefore, the traders should hold their long position and focus on leading stocks.
01
November
Khang Dien House Trading and Investment JSC’s (KDH) 3Q21 revenue reached VND1,199bn, -31.7% yoy and net profit posted VND316.6bn, -12.4% yoy. Overall, the 9Q21 performance was mixed with a -2.9% yoy total revenue growth to VND3.1tn and a 2.4% yoy net profit growth to VND788bn. We still keep our concern that buying sentiment would not be relaxed until 2022F given the transmission fear could postpone the sales events and deter the traffic for show flats.
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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