17
March
Short positions captured at 1191 pts should not be closed, take some profit (close half of the positions) when 1,160 pts level is hit and stop the loss when there is the closing price above 1,200 pts level (Hourly time frame). Due to the low risk trade, traders could continue to place the short position after ATO session and follow the exit plan mentioned above.
17
March
The VNIndex still moves in a tight range, imply the cautious market sentiment. Besides, the downside risk is still intact because the index reaches the 1,200-pts threshold. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
16
March
ACB revealed its 2021 guidance with PBT target of VND10.6tn, up 10.5% yoy; credit growth of 9% and assets growth of 10%, meeting just 93%, 64% and 76% of our forecast respectively. We believe the above modest target is the result of the bank’s traditional conservative practice since it has not yet got the 2021’s credit growth quota from the SBV. Besides, cash dividend is not expected for 2020 and 2021.
16
March
Short VN30F2103 after ATO session, take some profit (close half of the positions) when 1,160 pts level is hit and stop the loss when there is the closing price above 1,200 pts level (Hourly time frame).
15
March
The downside risk is still intact because the VNIndex reaches the 1,200-pts threshold. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
15
March
Last week, foreign supply continued to overwhelm. Breaking down by sectors, selling activities mainly absorbed by Financials, Consumer Staples, and Utilities whilst Energy kept attracting the most foreign demand across the market. Vietnam was also negatively impacted by the outflow across SEA. Of which, VFMVN30 ETF kept leading the outflow which recorded the strong divestment (USD15mn). However, the money outflow has been partially recovered by the positive flow of money across VFMVN Diamond (USD11mn).
15
March
Entering the long near market peak is extremely risky as well as there is no signal for the collapse. In this context, traders should continue to stay on the sidelines, wait for the breakout confirmation and entering the long positions on the first pullback.
12
March
In the short term, the downside risk is still intact because the VNIndex reaches the 1,200-pts threshold. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
12
March
In the short term, the 1,200-pts threshold is the strong resistance. The market sentiment has become cautious when the index reaches the threshold. the breakout signals to confirm a trend are essential now. Until then, traders should be careful and stay on the sidelines.
11
March
Despite the second gaining session, the downside risk is still intact because the VNIndex reaches the 1,200-pts threshold. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
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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