Tiếng Việt
普通话
25
November
Daily derivatives: Intraday consolidation phase is expected
Long positions captured at 953 pts should not be closed, take a profit at 990-1,000 pts and stop a loss at 950 pts.
Research Center
25
November
Market commentary: Retest 1,000-pts threshold
The 1,000 pts is strong resistance in the next session, so the volatility of the VNIndex increases. However, the short-term uptrend is confirmed thanks to bullish signals of trend indicators. Thus, traders should hold their long position and focus on leading stocks.
24
November
Daily derivatives: Maintaining the bullish path
Long positions captured at 953 pts should not be closed, take a profit at 990-1,000 pts and stop a loss at 950 pts.
24
November
Market commentary: VHM leads market gains
Despite high volatility, the short-term uptrend is still intact. Thus, traders should hold their long position and focus on leading stocks.
24
November
MWG_3Q20 Review [BUY +39.7%] YoY NPAT growth to extend in 4Q20
Despite weakening demand of ICTs and CEs, we expect that earnings protection efforts of The Gioi Di Dong & Dien May Xanh and effective expansion of Dien May Xanh Super-mini format, will support Mobile World to achieve positive yoy NPAT growth in 2020. Based on 3-Y average PE multiple of 13.0x, we evaluate MWG share value at VND155,000 per share. The total expected return is 39.7%, including 1.3% cash dividend yield. BUY.
23
November
ACB – Review [BUY +25.9%] Raise TP to VND33,400
We reaffirm BUY and lift TP by 15% to VND33,400. The new TP implies a forward P/B of 1.76x on 2021 earnings. We highly appreciate the bank’s efforts in fulfilling 2020 goals including financial guidance, exclusive banca agreement and its relisting on HSX.
23
November
Market commentary: VNIndex is approaching the 1,000-pts threshold
The short-term uptrend is still intact thanks to an optimistic market sentiment. Thus, traders should hold their long position and focus on leading stocks.
23
November
Daily derivatives: Heading to 990 pts area
Long positions captured at 953 pts should not be closed, take a profit at 990-1,000 pts and stop a loss at 950 pts.
23
November
Fundflow 16-20 Nov: Vietnam maintains the positive flow of money
Last week, buying activities ticked up. Breaking down by sectors, buying activities were attracted by Real Estate, Industrials, and Consumer Staples whilst Financials, Energy, and Materials were sold the most. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN30 ETF which attracted the total of USD3.8mn last week.
20
November
Daily derivatives: Trigger the long positions
Buy VN30F2012 after ATO session, take profit at 990-1,000 pts and stop a loss at 945 pts.
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.