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21
October
Daily derivatives: Short-term correction phase
Although there is the wide bearish swing, uptrend is still maintained. Thus, traders should wait for the buy point which would occur after the correction phase.
Research Center
21
October
Daily derivatives: Expiration date
Long positions on VN30F2110 (captured at 1,457 pts zone) should be held until ATC session ends and stop the loss when there is the closing price below 1,500 pts level (Hourly chart). For new long positions, traders should wait for the valid buy point on the upcoming contract (VN30F2111).
21
October
Market commentary: Foreigners sell heavily
Selling pressure appears at the afternoon session, showing the high volatility because the VNIndex retests the 1,400-pts threshold. However, the uptrend is still intact in the short term. Therefore, the traders should increase their long position and focus on leading stocks.
20
October
Market commentary: Cautious market sentiment
Selling pressure appears at the afternoon session, pushing market sentiment cautious in the short term because the VNIndex retests the 1,400-pts threshold. However, the uptrend is still intact in the short term. Therefore, the traders should increase their long position and focus on leading stocks.
20
October
ETF Review: Local ETFs sell LPB, NLG, and GMD heavily
Based on data as of 19 Oct 2021, we expect local ETFs to buy MSB, KDH, MBB, and ACB the most, with more than 5 million shares for each stock. On the sell side, LPB, NLG, and GMD will be sold heavily with 10.9 million shares, 9.8 million shares, and 8.6 million shares, respectively.
20
October
Daily derivatives: The rectangle pattern
Long positions on VN30F2110 (captured at 1,457 pts zone) should be held and stop the loss when there is the closing price below 1,500 pts level (Hourly chart). For new long positions, traders should wait for the valid buy point on the upcoming contract (VN30F2111).
19
October
Steel – Sector Brief – September Steel Production
This monthly report on Vietnam steel production is intended to track the developments in the steel market. Sept 2021 Vietnam steel production declined 4.2% mom (2.2mn tonnes), bringing 9M21 growth to 24.3% yoy (22.9mn tonnes). During Sept 21, we observe that only export saw positive sale volume growth of 13.1% mom. The local demand was sluggish (-10.7% mom).
19
October
MWG – Note – Quick comment on new chain TopZone
On Oct 16th, MWG briefly announced to launch the new chain name TopZone, specializing in Apple products. The management expected to expand up to 50 AAR stores and 10 APR stores as of end-1Q22F.
19
October
Market commentary: Retest the 1,400-pts threshold
Market sentiment has become still cautious as the VNIndex retests the 1,400-pts threshold. However, the uptrend is still intact in the short term. Therefore, the traders should increase their long position and focus on leading stocks.
19
October
NKG – Brief – Operational Updates
This monthly report on Nam Kim is intended to track the operational developments in the steel market. On Sep, NKG steel sale volume increased 13.1% mom (102,796 tonnes), bringing 9M21 growth to 57.9% yoy (797,614 tonnes). We observe that only export saw positive sale volume growth of 2.0% mom. The local demand was sluggish (-100.4% mom).
Featured Articles
15
March
Point Break
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
Outlook 2022 – The Big Uptrend
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
Time to bet on economic recovery?
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
Fragile hope of recovery path under the worst outbreak
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
INFLATION: A transient or long-lasting shock?
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.