16
November
Long positions captured at 914 pts should be closed after ATO session. For new positions, traders should wait for the reaction of VN30F2011 at 910 pts zone due to the maintenance of the medium-term uptrend.
16
November
Based on the sharp contraction, the downside risk is increased in the short term. Thus, traders should be cautious and wait for more signals.
16
November
Given resilient TCB’s CASA growth momentum, we raise NIM by 48bps for 2020F and 30-40bps for 2021-2024F. 2020F NP is forecast at VND11.5tn, increasing by 11% vs. latest update. We maintain BUY on TCB and raise TP to VND28,400.
16
November
We think the recent price rally have been reflected the fact NSHL IP is approved in Oct and there is no stronger price growth in months ahead. We downgrade to Hold as we are uncertain on the solid FDI recovery to Vietnam which compresses KBC’s business performance.
14
November
On Nov 14, Mobile World held 3Q20 analyst meeting to update more information about business results. Of which, Mobile World’s revenue delivered VND8,700bn in Oct 2020, increasing 10% yoy and 4% mom, mainly premised by the positive contribution of Bach Hoa Xanh’s revenue.
13
November
Long positions captured at 914 pts zone should not be closed, take a profit at 950 pts and out the positions when 900 pts level is broken.
13
November
In the short term, the Oct peak is the strong resistance, so the VNIndex needs to close above this threshold to maintain an uptrend. Thus, investors should wait for the breakout to increase their long position.
13
November
As mentioned above, the VNIndex needs to close above the peak to maintain an uptrend. Thus, investors should wait for the breakout to open a long position.
12
November
Long positions captured at 914 pts zone should not be closed, take a profit at 950 pts and out the positions when 900 pts level is broken.
12
November
Based on the optimistic market sentiment, the uptrend is still intact in the short term. Thus, investors should focus on leading stocks and increase the proportion when a short-term correction or consolidation phase occurs.
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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