19
August
VN30F2008 is expired today as well as unexpected volatility will occur. Long positions captured at 780 pts zone should be held, take a profit at 810 pts, and out the position at 780 pts to take the break-even point.
19
August
Base on the rebound, market sentiment has become optimistic as the VNIndex closes above its 50-period moving average. Therefore, traders should increase their long position and focus on leading stocks
19
August
In 2H20, we estimate Mobile World to record VND48,938bn revenue (-3.2% yoy) and VND1,552bn NPAT (-9.5% yoy), mostly driven by management board’s efforts to protect earnings of The Gioi Di Dong & Dien May Xanh and yoy widening profit margins of Bach Hoa Xanh.
19
August
We envisage another gloomy quarter in 3Q20F as some social distancing requirements to curb the second wave of COVID-19 could blow sales events. Despite a sluggish 3Q20F industry conditions, sector’s bottom line in 3Q20F could see steady yoy growth leading by VHM, KDH thanks to the delivery schedule is more skewed in favour of 2H20F.
18
August
Long positions captured at 780 pts zone should be held, take a profit at 810 pts, and out the position at 780 pts to take the break-even point.
18
August
Market sentiment has become cautious as the VNIndex retests its 50-period moving average. However, the short-term uptrend is still intact as thanks to the confirmation of trending indicators. Therefore, traders should increase their long position and focus on leading stocks.
17
August
Long positions captured at 780 pts zone should be held, take a profit at 810 pts, and out the position at 780 pts to take the break-even point.
17
August
Despite the second contraction in a row, the uptrend of VN-Index is still intact in the short term. Therefore, traders should increase their long position and focus on leading stocks.
17
August
Last week, foreign selling activities increased strongly. Breaking down by sectors, Real Estate, Materials, and Financials were sold the most whilst Utilities and Consumer Staples experienced the solid foreign buying activities. Regarding to ETF flow, Vietnam maintained the positive flow of money, recorded at USD1mn whilst the flow of money across SEA recorded at a 1-month low.
17
August
We consider it positive toward action on selling 36% stake in Long Dien Group as its underlying cash supports DXG’ need for working capital. We maintain BUY rating and a RNAV-based target price of VND12,800 with 10-50% discounts applied to the fair value of each project based on the respective project’s execution period and land acquisition
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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