27
October
Based on the rebound, the market sentiment has become optimistic. The short-term uptrend is still intact as the index closes above the significant moving averages. Therefore, the traders should hold their long position and focus on leading stocks.
26
October
On October 19, 2021, SCS announced its 3Q21 earnings results with revenue of VND172bn (+2.5% yoy) and PBT of VND130bn (+5.2% yoy). The high increase of average selling price (ASP) when ASP rose +22.5% yoy largely contributed to this gain. In the world, air cargo prices on all routes continuously increased to new highs of the year due to combined with strong consumer demand and strains capacity. We maintain BUY rating on SCS but upgrade our TP by 5.0% from VND152,600 to VND160,200.
26
October
The VNIndex retests the lower line of the small rectangle pattern. The short-term uptrend is still intact as the index closes above the significant moving averages. Therefore, the traders should hold their long position and focus on leading stocks.
26
October
The instrument is having the tendency to test the significant demand zone (1,450 pts zone). In this case, traders should stay on the sidelines and wait for the reaction of VN30F2111 at this zone.
25
October
Foreign selling activity kept overwhelming. Selling pressure focused on Real Estate, Materials, and Financials whilst Consumer Staples attracted the most foreign demand across the market. With ETF flow Vietnam attracted the flow of money after experiencing 6 consecutive weeks of outflow, mainly driven by the surge of demand across VFMVN30 ETF and SSIAM VNFIN Lead ETF.
25
October
Based on the recovery, the market sentiment has become optimistic. That implies the uptrend of the VNIndex. Therefore, the traders should increase their long position and focus on leading stocks.
25
October
The upward resumption phase is still active. In this case, investors should continue to hold the current positions on leading stocks. On the contrary, positions should be closed by half if the 1,300 pts area is pierced.
24
October
The uptrend still maintains but the short-term correction phase is active. In this case, traders should stay on the sidelines and wait for the valid buy point.
22
October
Despite the contraction, the uptrend of the VNIndex is still intact in the short term as the index hold 1,380 pts. Therefore, the traders should increase their long position and focus on leading stocks.
22
October
In 3Q21, revenue from product handover was minimum, mainly due to social lockdown in Southern Vietnam which prevented Nam Long from handover Akari City, Southgate project as planned. However, NLG earned a VND361bn revaluation gain from the consolidation of Southgate JSC driven by receiving an additional 15% voting right to 65%. NLG price has far been beyond our target price driven by the better-than-expected net profit in 3Q21. We will adjust the revaluation gains in 3Q21 to reflect the true landscape of NLG’s earnings in 21F and review our target price
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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