11
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 stay on the sidelines, wait for the breakout confirmation and entering the long positions on the first pullback.
10
March
Buy VN30F2103 at 1,170 pts, set the all-time high (1,200 pts) as the profit target and stop the loss when 1,160 pts level is broken.
10
March
Despite the recovery, the downside risk is still intact in the short term as the VNIndex reaches the 1,200-pts threshold. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
10
March
The market sentiment has become cautious in the short term, showing the downside risk. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
09
March
Despite the increase of bearish momentum, the range and the benchmark for the bull – MA200 are still held. Therefore, traders should continue to stay on the sidelines and wait for the range is broken or the reaction of VN30F2103 at MA200 to capture the big market leg.
09
March
Ongoing developments in the interbank and G-bond markets showed more tightening liquidity conditions than previously, which resulted in upward pressure on interbank rates and G-bond yields. From our perspective, rising inflation, global G-bond yield hikes, and improving lending activity are potential drivers for interbank rates and G-bond yields to increase further in March.
09
March
We increase our RNAV-based target price to VND121,700 thanks to faster sales growth in Grand Park and Ocean Park projects. Industrial park segment is evaluated in timeframe of 10 years at the lease rate of USD90-95 per sq m p.a. We discount about 50% NAV of IP segment to reflect the execution risk and presales risk. However, we also reduce our discount rates applied to Can Gio and Green Ha Long projects from 85-75% to 80-70% as we have more information on the licensing process.
08
March
The downside risk is intact in the short term due to selling pressure on Banking tickers. Besides, the 1,200-pts threshold is the strong resistance. Therefore, traders should be careful and wait for the next signal to confirm the current trend.
08
March
During the rigid price movement where trading signals are invalid, traders should continue to stay on the sidelines and wait for the range is broken or the reaction of VN30F2103 at MA200 to capture the big market leg.
08
March
Last week, foreign supply surged. Breaking down by sectors, selling activities mainly absorbed by Financials, Consumer Staples, and Real Estate whilst Energy attracted the most foreign demand across the market. Vietnam recorded no inflow/outflow activities last week. Of which, VFMVN30 ETF kept leading the outflow which recorded the strong divestment (USD4.5mn). However, the money outflow has been recovered by the positive flow of money across VFMVN Diamond and SSIAM VNFIN Lead.
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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