03
March
The VNIndex moves in a tight range, implying the cautious market sentiment. Besides, the 1,200-pts threshold is the strong resistance; hence the selling pressure may appear on large-cap stocks in the short term. Traders should be careful and wait for the breakout signal to confirm the uptrend.
03
March
The 1,200-pts threshold is the strong resistance; hence the selling pressure may appear on large-cap stocks in the short term. Traders should be careful and wait for the breakout signal to confirm the uptrend.
02
March
Long positions captured at 1,183.5 pts should be closed when there is the closing price below 1,175 pts level (Hourly time frame). For new long positions, long VN30F2103 at 1,180 pts zone and stop the loss when there is the closing price below 1,165 pts level. (Hourly time frame)
02
March
Based on data of 26 Feb, we expect that FTSE Vietnam ETF will add PDR and HSG in the 2Q21, while it will not exclude Vietnam stocks in this quarterly review. Besides, VanEck Vectors Vietnam ETF will not remove ticker but add SHB in this quarterly review.
01
March
Long positions captured at 1,183.5 pts should be closed by half at 1,200 pts level. The remaining positions must be closed when there is the closing price below 1,175 pts level. (Hourly time frame)
01
March
The market sentiment has become cautious in the short term. However, the next strong resistance is the 1,200-pts threshold, the highest level of VNIndex. Therefore, traders should be careful and wait for the breakout signal to confirm the uptrend.
01
March
01
March
In 1Q21, we estimate Vinh Hoan’s NPAT will reach VND158bn (-13.2% yoy and -11.7% qoq), mainly hit by the fast qoq decrease of pangasius material price. In 2021, we estimate Vinh Hoan’s 2021 NPAT at VND823bn (+16.7% yoy) thanks to Collagen & Gelatin’s revenue surge and revenue contribution of Sa Giang, delivering higher estimated profit margins than those of fillet-related products. We maintain BUY with TP of VND47,000. Total expected return is 22%.
01
March
Last week, foreign supply surged. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples, Real Estate, and Financials whilst Health Care attracted the most foreign demand across the market. Regarding to ETF flow, Vietnam recorded the first week of outflow since Nov 2020 due to the strong divestment on VFMVN30 ETF.
26
February
Due to the high volatility level, position size should be minimized. Buy VN30F2103 after ATO session and close all the positions when there is the closing price below 1,165 pts level. (Hourly time frame)
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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