Tiếng Việt
普通话
26
February
Market commentary: Markets make cautious gains
Despite the second recovery in a row, the downside risk is intact in the short term. Therefore, traders should be careful and wait for the next signal.
Research Center
26
February
Chart of the day: Wait for big trend?
As mentioned above, there is no signal for the bearish momentum in the medium- and long-term as well as we are still in the uptrend. Thus, investors should hold the current positions and captured positions at the buy zone (1,000-1,080 pts) and take action only when the next market leg is clear or there is the valid breakout at 1,200 pts zone.
25
February
Daily derivatives: High probability for the breakout
Buy VN30F2103 after ATO session and close all the positions when there is the closing price below 1,165 pts level. (Hourly time frame)
25
February
Market commentary: Resume uptrend
Despite the recovery, the downside risk is intact in the short term. Therefore, traders should be careful and wait for the next signal.
24
February
Market commentary: Selling pressure
The selling pressure appears near the 1,200-pts threshold (the strong resistance). That shows the market sentiment has become cautious. Therefore, traders should be careful and wait for the next signal.
24
February
Daily derivatives: The rectangle pattern and its price objective
Buy VN30F2103 at 1,140 pts zone and close all the positions when there is the closing price below 1,120 pts level. (Hourly time frame)
24
February
ACB – 4Q20 review [BUY +15.5%] Good in managing credit cost
ACB 2020 NP came at VND7.7tn, up 28% yoy and beating our estimate by 11% thanks to better-than-expected credit cost and CIR. Despite of the rise of new cases in early this year, the Government once again proves its ability in containing virus without broad business disruption. We lift 2021F NP to VND9.1tn after trimming expected credit cost and CIR. The TP is adjusted upward to VND35,600 and maintain BUY.
23
February
Daily derivatives: Whipsaw
As the market has moved rigidly where trading signals are invalid. Thus, traders should stay on the sidelines and wait for the valid information after the consolidation phase.
23
February
Market commentary: Cash flows into Energy
The uptrend is still intact in the short term because the index closes above all significant trending indicators. However, the 1,200-pts threshold is the strong resistance. Therefore, traders should increase the long position if the index closes above this threshold.
23
February
Market commentary: Cautious gains
The bullish market is confirmed as the index closes above all significant trending indicators. However, the 1,200-pts threshold is the strong resistance. Therefore, traders should increase the long position if the index closes above this threshold.
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.