19
October
Despite the second divergent session, the uptrend is still intact in the short term as the VNIndex closes above the significant moving averages. Therefore, investors may hold their long position and focus on leading tickers.
19
October
Buy VN30F2011 at 880 pts zone, take a profit at 910 pts and stop a loss at 870 pts.
19
October
Last week, selling activities kept overwhelming. Breaking down by sectors, selling pressure continued to focus on Consumer Staples, Financials, and Industrials whilst Materials and Consumer Discretionary was accumulated the most. Regarding to ETF flow, Vietnam recorded the first week of outflow after experiencing 3 consecutive weeks of inflow. VFMVN30 ETF was the main contributor which recorded USD1.6mn of outflow despite VFMVN Diamond ETF attracted USD0.5mn last week.
19
October
Vinh Hoan announced Sep 2020 IR News in Oct 19 2020, which delivered preliminary single-digit yoy revenue growth. In aggregate 3Q20, Vinh Hoan can record VND1,800bn revenue (-4.4% yoy), mainly lead by the EU surge, which is in line with our estimates.
16
October
Despite the divergent session, the short-term uptrend is still intact as the VNIndex closes above the significant moving averages. Therefore, investors may hold their long position and focus on leading tickers.
16
October
Investors should continue to hold the current positions and force on leading stocks such as Banking tickers.
16
October
Buy VN30F2011 at 880 pts zone, take a profit at 910 pts and stop a loss at 870 pts.
15
October
Although pangasius export can still recover slowly, we believe Vinh Hoan’s business results will improve significantly in 2021 thanks to Collagen & Gellatin surge. Therefore, we reiterate BUY for VHC share with TP of VND50,000. Total expected return is 22.1%.
15
October
Buy VN30F2011 at 870 pts zone, take a profit at 910 pts and stop a loss at 860 pts.
15
October
In the short term, the uptrend is still intact due to the high demand on large-cap stocks. The target price of the rectangle pattern is 940-950 pts. Therefore, investors may hold their long position and focus on leading tickers.
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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