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HSG’ revenue increased slightly by 2.1% yoy to VND8,1tn in 4QFY23, NPAT posted VND438.4bn (+2,987% qoq), a significant improvement compares to previous year loss. Overall, in FY23, HSG earned a total VND31.6tn (-36%yoy) in Revenue and VND28.3bn (-90.8% yoy) in NPAT, fulfilling 87%/9.4% of the company annual guidance.

In 3Q23, VGC recorded revenue of VND3.5tn (-11.7% qoq, +22.4% yoy) and a NPAT of VND433.6.6bn (-47.3% qoq, +168.2% yoy) The company process a blended gross margin of 30.8%, a noticeable improvement compares to 3Q22 25.5%. As of 9M23, the company earned an accumulated VND10.2tn in revenue and VND1.2tn in NPAT, fulfilling 64%/100% of their annual guidance.

During this period, short positions are extremely risky due to the high volatile market move. In order to reduce the risk, trader should wait for the consolidation phase to capture the good entry.

Selling pressure intensifies suddenly again, causing the stock market to decrease heavily during the session. Notably, the important support zone of the 1,080-1,100 points zone is broken with high liquidity, indicating a selling signal. Therefore, investors should reduce a portion of stocks in their portfolio to the safety threshold and wait for the next signal. The next time, if the market appears recovery session, investors should be careful with their investment decisions. Because the downside risk is at a high level and more probability it is a Bull Trap.

The current rebound phase is ended. Subsequent bearish candles have faded rebound phase and increase the risk for holding long positions. Besides, MA200 is reached which means new short positions are risky. Thus, traders should stay on the sidelines and wait for valid trading signal.

Selling pressure in the afternoon causes the stock market to decrease again with low liquidity. The downside risk is still intact as the VNIndex maintains to end below all major moving average lines. However, the important support zone of the 1,080-1,100 points is still not breakout. Therefore, investors should stay on the sidelines and wait for the next signals.

On October24, POW organized the analyst meeting. In 9M23, revenue and NPAT was VND21,119bn and VND861bn, respectively. The volume in 9MQ23 was 11,149mn kWh (+10% yoy), which fulfilled 71.5% of the 2023 plan. In 4Q23, we estimate revenue and NPAT to be VND7,390bn (+40% qoq, -4% yoy) and VND235bn (+684% qoq, -68% yoy), respectively.

We tuned in to VIC’s analyst meeting on Oct 31 which featured the strategic visibility on Vinfast and shed some colors on its 3Q23 operational updates. Vingroup’s 3Q23 NPAT was resilient at VND567.3bn (12% yoy, 169.3% qoq), thanks to a combination of the brisk revenue growth of 68% yoy, 1.7% qoq to VND47.9tn and other income of VND6,619bn. However, the NPATMI was in red territory at VND669bn.

The current rebound phase is ended. Subsequent bearish candles have faded rebound phase and increase the risk for holding long positions. Besides, MA200 is reached which means new short positions are risky. Thus, traders should stay on the sidelines and wait for valid trading signal.

Although still weak, the return of inflow helps the stock market to experience a gain day again with declined liquidity. That shows positive signals, however, that could also be a Bull Trap. The downside risk is still intact and quite significant as the VNIndex maintains to end below all major moving average lines. Therefore, investors should stay on the sidelines and wait for the next signals.