01
November
Traders should hold their long position and focus on the leading sector because of the small rectangle pattern. However, the long-term uptrend is still intact. Hence, the contraction is the opportunity to accumulate stocks for long-term positions at significant supports such as the 1,400-pts threshold.
31
October
Tien Phong Securities (ORS VN Equity) gets approval from the HSX to list on HSX. The first trading date on HSX will be on Nov 4th 2021, reference price is VND 28,300/share. Currently, ORS is trading at 16x TTM PE and 2.8x PB respectively, which are in line with the sector average (PE 17x and PB 3.0x). The 1-year return of ORS is advancing by 378%, beating the VNINDEX.
31
October
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.
29
October
Vinhomes buoyed the morning trading session with the announcement of a vibrant VND11.1tn NPATMI, +84.3% yoy, 9.1% qoq, topping those listed in the Vietnamese equity market and marking the two consecutive earnings quarters of over VND10tn. Per management, three new mega townhouse projects, Wonder Park, Dream City, Coloa, are rescheduled to open for retail sale in 2022F instead of 2021. We are reviewing our presale forecasts to reflect the new landscape of VHM’s development pipeline.
29
October
This monthly report on Hoa Sen is intended to track the operational developments in the steel market. On Sep, HSG steel sale volume increased 20.3% mom (200,545 tonnes), bringing FY21 growth to 41% yoy (2,286,861 tonnes). The local demand revived from low base in August (43.8% mom).
29
October
The uptrend is still intact as the VNIndex breaks out the 1,400-pts threshold or the upper line of the small rectangle pattern. That implies the target price is 1,470-1,500-pts. Therefore, the traders should hold their long position and focus on leading stocks.
28
October
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.
28
October
The VNIndex breaks out the 1,400-pts threshold or the upper line of the small rectangle pattern, showing the short-term uptrend. That implies the target price is 1,470-1,500-pts. Therefore, the traders should hold their long position and focus on leading stocks.
27
October
Long VN30F2111 after ATO session and stop the loss when there is the closing price below 1,460 pts level (Hourly chart).
27
October
Although there is the positive reaction at 1,460 pts area, buy point is still not confirmed. In this case, traders should stay on the sidelines and wait for the valid buy point.
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
