13
October
Despite the contraction, the uptrend is still intact in the short term as the VNIndex breaks out the Aug peak at 1,380 pts. Therefore, the traders should increase their long position and focus on leading stocks.
12
October
Long positions on VN30F2110 (captured at 1,457 pts zone) should not be closed and stop the loss when there is the closing price below 1,435 pts level (Hourly chart). For new long positions, traders need to wait for the pullback to trigger the positions.
12
October
Foreign selling activity kept overwhelming. Selling pressure focused on Materials, Consumer Staples, and Industrials whilst Financials attracted the most foreign demand across the market. With ETF flow, Vietnam experienced the outflow, mainly driven by the divestment on X FTSE Vietnam and VFMVN30 ETF.
12
October
The VNIndex breaks out the Aug peak at 1,380 pts and closes at a high day level, implying the bullish marker. Therefore, the traders should increase their long position and focus on leading stocks.
11
October
The VNIndex retests the Aug peak at 1,380 pts. The index should need a breakout to confirm an uptrend. Until the confirmation signal, traders should be careful and stay on the sidelines.
11
October
Long positions on VN30F2110 (captured at 1,457 pts zone) should not be closed and stop the loss when there is the closing price below 1,435 pts level (Hourly chart). For new long positions, traders should wait for the pullback to trigger the positions.
10
October
The upward resumption phase is confirmed. In this case, investors should continue to hold the current positions and add more positions on leading stocks. On the contrary, positions should be closed by half if the 1,300 pts area is pierced.
08
October
This quarterly earnings report on Vietnam steel production is intended to track the earning growth trend in the steel market. We think the splendid growth record in 2Q21 could sustain in 3Q21 of which net profit of HPG, HSG, NKG and TLH are widely rumored to record around VND9.5tn, VND950bn, VND650bn, and VND105bn, + 2.5x/2.1x/6.8x/8.5x yoy backed by 1) Buoyant demand from the U.S. and EU 2) expanding gross margin.
08
October
The VNIndex still retests the Sep peak at 1,365 pts. However, the index should need a breakout to confirm an uptrend. Until the confirmation signal, traders should be careful and stay on the sidelines.
08
October
Long positions on VN30F2110 (captured at 1,457 pts zone) should not be closed and stop the loss when there is the closing price below 1,435 pts level (Hourly chart).
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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