Tiếng Việt
普通话
23
July
Market commentary: Bullish market
Despite the rebound, the downside risk is still intact in the short term. The recovery may be the bull trap. Therefore, traders should be careful and reduce the position.
Research Center
23
July
Daily derivatives: Demand is strong
Buy VN30F2108 at 1,415 pts zone, take profit at 1,475 pts zone and stop the loss when there is the closing price below 1,400 pts level (Hourly chart).
22
July
Daily derivatives: Indecision area
Traders should stay on the sidelines and wait for the better market environment due to the unfavorable risk/reward ratio for both long and short positions. The trigger point is expected to occur on Friday.
22
July
NLG – 2Q21 review [BUY +22%] Still going strong
We maintain our Add rating as presales of Akari, Mizuki, Waterfront, VSIP Quang Ninh and Waterpoint projects should be on track in FY21-22F. Key risk in our model is worse-than-expected COVID-19 which could dampen the homebuyers’ demand.
21
July
Market commentary: Divergence
The market sentiment has become cautious, implying the downside risk. Therefore, traders should be careful and reduce the position.
21
July
Daily derivatives: Massive demand is needed to bring the uptrend back
Traders should stay on the sidelines and wait for the better market environment due to the unfavorable risk/reward ratio for both long and short positions.
20
July
Market commentary: Sharp rebound
Despite the recovery, the downside risk is intact in the short term due to the sell-off. Therefore, traders should be careful and reduce the position.
20
July
Daily derivatives: Bearish momentum comes back
Traders should stay on the sidelines and wait for the better market environment due to the unfavorable risk/reward ratio for both long and short positions.
20
July
Fundflow 12 – 16 Jul: Money inflow across Vietnam skyrockets
Foreign demand kept spreading to major sectors, such as Materials, Financials, and Real Estate. Last week, money inflow across Vietnam skyrocked. Net inflow was USD93mn, a 3-month high. Particularly, the money inflow was continued to drive by the strong demand on Fubon FTSE Vietnam ETF (USD86mn) whilst money inflow has started to slow down across other major ETFs
19
July
Market commentary: A Third crash session
The market sentiment has become pessimistic because of the third crash. The downside risk is rose as the sale-off. Therefore, traders should be careful and reduce the position.
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.