21
May
Daily derivatives: Buy on pullback
Buy VN30F2106 at 1,390-1,400 pts area and stop the loss when there is the closing price below 1,370 pts.
21
May
Buy VN30F2106 at 1,390-1,400 pts area and stop the loss when there is the closing price below 1,370 pts.
20
May
In the short term, the VNIndex retests the highest peak of 1,280 pts, which is the strong resistance. Hence, traders should be careful and wait for the next signal. If the index closes above the threshold, traders can increase their long position and force on leading stocks.
20
May
Expiration date often has unexpected volatility as well as chasing the bullish swing is not recommended. In this case, traders should stay on the sideline and wait for the agreed value of the upcoming contract to define the best buy point.
19
May
Despite the recovery, the downside risk is still intact in the short term as the net selling pressure of foreigners. In addition, the VNIndex reaches a significant resistance of 1,280-pts. Hence, traders should be careful and wait for the next signal.
19
May
For new positions, traders should wait for the next market leg after the consolidation phase.
18
May
The net selling pressure of foreigners still pushes market sentiment cautious in the short term. Hence, traders should be careful and wait for the next signal.
18
May
The remaining long positions captured at 1,280-1,340 pts area should be closed after ATO session. For new positions, traders should wait for the next market leg after the consolidation phase.
17
May
In the short term, the net selling pressure of foreigners pushes market sentiment cautious. The downside risk may increase. Hence, traders should be careful and wait for the next signal.
17
May
Last week, foreign selling activity kept increasing. Breaking down by sectors, selling activities continued to be mainly absorbed Real Estate, Financials, and Materials. With ETF flow, Vietnam continued to be divested,. Particularly, the money outflow was mainly contributed by the divestment across X FTSE Vietnam and VFMVN30 ETF. However, the outflow was partially recovered by the money inflow across VFMVN Diamond (USD11mn).
17
May
We revise up the presale value from VND13.5tn to VND15.4tn in FY21F and from VND16.7tn to VND23.2tn in FY22F to factor in the encouraging attributes 1) the average selling price (ASP) Mizuki condo project is around VND37-42m/ sq m in 2021 in tandem with the latest launch on April, 2) Dai Phuoc townhouse project could be developed in 4Q21F-1Q22F instead of being transferred to third party, and 3) Waterfront Izumi ASP could enjoy an excitement up to VND40-45m/ sqm.
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.