Tiếng Việt
普通话
24
August
Market commentary: Optimistic market sentiment
The short-term uptrend is still intact because of the optimistic sentiment of investors. Therefore, traders should increase their long position and focus on leading stocks.
Research Center
24
August
Fundflow 17-21 Aug: Inflow reaches a one-month high
Last week, foreign buying activities ticked up thanks to high demand on VHM via put through method. Breaking down by sectors, Real Estate, Consumer Discretionary, and Materials were accumulated the most whilst Consumer Staples, Industrials, and Financials experienced the sharp selling activities. Regarding to ETF flow, Vietnam became one of the main contributor for the increase of money inflow across SEA, thanks to VFMVN30 ETF and VanEck Vietnam which attracted the total of USD8.5mn last week.
24
August
MWG – Brief [BUY +63.4%] Profit growth elevates in July 2020
Mobile World recorded VND8,669bn revenue (-7% yoy) and VND326bn NPAT (+12.4% yoy) in Jul 2020. Mobile World’s net margin reached 3.8% in Jul 2020, rising 0.6%p yoy and 0.03%p mom, thanks to (1) efforts in upgrading store network, (2) operating expenses optimization, (3) larger revenue contribution of high-margin products (small appliances, watches) and (4) the yoy improvement of Bach Hoa Xanh’s post-spoilage gross margin.
24
August
ETF Review – Foreign ETFs’ review in Vietnam – 4Q20
FTSE Vietnam ETF will add GEX and no excluded in this quarterly review. Besides, VanEck Vectors Vietnam will not be added or excluded Vietnam stocks.
21
August
Daily derivatives: The broken trading range
785-790 pts will be the perfect zone for the late long re-entering the market (VN30F2009), take a profit at 800-805 pts zone, and stop a loss at 780 pts.
21
August
Market commentary: Breakout descending channel
Base on the confirmation of the downside channel, the short-term uptrend is still intact. Therefore, traders should increase their long position and focus on leading stocks.
21
August
Chart Of The Day: Confirm the uptrend
As mentioned above, the VNIndex can reach at 910-930 pts. Thus, investors should increase their long position and focus on leading sectors such as Energy and Banking.
20
August
Daily derivatives: Range bound
For range trading, long VN30F2009 at 780 pts, take a profit at 790 pts and stop a loss immediately at 775 pts. For breakout trading, long VN30F2009 when there is a closing price above 790 pts, take a profit at 800 pts and stop a loss at 785 pts.
20
August
Market commentary: High selling pressure
Despite the contraction, the short-term uptrend is still intact thanks to the confirmation of VNIndex, its closes above its 50-period moving average. Therefore, traders should increase their long position and focus on leading stocks.
20
August
Banking – 2Q20 review [Overweight] A makeup names restructuring
The big restructuring in 2Q20 with Keep NPL ratio low and Credit cost retreat. Overall, the banking industry posted strong 1H20 earnings growth despite of strong headwind from the virus globally. Combined net profit (NP) of non-financial HSX companies was down 23% yoy while financial led by banks reported a NP growth of 15% yoy in 1H20.
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.