Research Center

Buy VN30F2101 after ATO session, riding the upward swing until it ends and stop a loss when 1,030 pts level is broken.

Despite the second contraction, the short-term uptrend is still intact as the VNIndex closes above significant thresholds. Therefore, traders should hold their long position and focus on leading stocks.

PVI Re will be listed on HNX exchange as ticker PRE from 24 Dec 2020 with reference price for opening date at VND20,000/share. Compared with VNR, PVI Re’s PB ratio is doubled at 1.7x. This valuation comes from its positive performance in recent years and their business strategy for following period 2021-2024. In 2019, PVI Re recorded revenue growth rate at 23% and NP growth rate at 12% while these number of VNR were 17% and 5%, respectively.

Despite the contraction, the short-term uptrend is still intact as the VNIndex closes above significant thresholds. Therefore, traders should hold their long position and focus on leading stocks.

Buy VN30F2101 at 1,050 pts zone (or after ATO session), riding the upward swing until it ends and stop a loss when 1,030 pts level is broken.

In the short term, the uptrend is strong thanks to the high demand on large-cap stocks. Therefore, traders should hold their long position and focus on leading stocks.

Long position captured at yesterday opening price (1,057 pts) should not be closed, take a profit at 1,070 pts and stop a loss immediately when 1,050 pts area is broken. For the best bid, buy VN30F2101 at 1,030 pts zone, riding the upward swing until it ends and stop a loss when 1,020 pts level is broken.

MSB debuts more than 1.17 billion shares with initial price of VND15,000 per share on 23 Dec on HoSE. The bank is expected to acquire higher profitability in 2021 onward given the following reasons: 1) gap growth earning by retrieving and provision of VAMC bonds ; 2) upfront fee by renewing bancassurance contracts, expected in 1Q21, and (3) divesting its consumer finance arm, FCCOM.

In overall, the corporate bond market was quiet in Oct 2020. Issuing value dropped by 25% compared to Sep 2020. Accumulated 10M20, about VND357tn worth of corporate bonds were issued, up 26% YoY as well as corporate bond rate has increased slightly in 2020.

In the short term, the uptrend is strong thanks to the high demand on large-cap stocks. Therefore, traders should hold their long position and focus on leading stocks.