Tiếng Việt
普通话
24
June
Daily derivatives: Wait for the valid breakout
Long VN30F2007 at 805 pts when this level is broken, take a profit at 835 pts and stop a loss at 795 pts.
Research Center
23
June
Market commentary: Selling pressure on
Market sentiment has become cautious as the selling pressure at the afternoon session. That is a warning signal about the short-term uptrend. Besides, the range of 880 to 900 pts is a strong significant resistance of the VNIndex. Therefore, investors wait for the breakout or more confirmation signals.
23
June
LHG – 2020 AGM Brief – A lure dividend yield
At its AGM on Jun 22, LHG guided for a cautious FY20F net profit growth by-14% yoy to VND122.5bn amid a stellar revenue growth. We put our BUY rating to LHG thanks to an attractive dividend yield and encouraging leasing demand outlook, However, we think LHG is worthy for short-term alpha seeking investors betting in industrial property as we are concerned about its medium term contingent liability to Tan Thuan company.
22
June
Daily derivatives: A Line in the sand for the bull
Long VN30F2007 at 805 pts when this level is broken, take a profit at 835 pts and stop a loss at 795 pts.
22
June
Fundflow 15-19 Jun: Large buy orders on VHM
Last week, foreign buying activities increased dramatically, recorded a net buy value of USD634mn. Vietnam continued to attract money inflow, recorded the net inflow at USD6mn, two times higher than the previous week. Of which, VanEck Vietnam ETF, SSIAM VNFIN Lead ETF and VFMVN Diamond ETF attracted the total of USD8.4mn money inflow whilst VFMVN30 ETF experienced an outflow.
22
June
Market commentary: CTD in the spotlight
In the short term, the downside risk reduces. However, the range of 880 to 900 pts is a strong significant resistance of the VNIndex. Therefore, investors wait for the breakout or more confirmation signals.
22
June
KDH – 2020 AGM Brief – A rebound post COVID-19
At its AGM on Jun 19, KDH reaffirmed its contracted sales growth was tracking in line with the group’s FY20F net profit guidance. In FY20F, management guided for VND3.5tn revenue (+24.4% yoy), and VND1.1tn net profit +20% yoy backed by faster delivery of Safira and Verosa project in 2H20F.
19
June
Market commentary: VIC limits up at the ATC session
The market sentiment has become optimistic as a big rebound. The downside risk reduces in the short term, but the range of 880 to 900 pts is a strong significant resistance of the VNIndex. Therefore, investors wait for the breakout or more confirmation signals.
19
June
Daily derivatives: Scalping strategy
MA20 sloped upward as well as the instrument closed above MA5 with upward crossing Stochastic, intraday long positions could be captured. Long VN30F2007 at 790 pts, take a profit at 810 pts and stop a loss at 785 pts.
19
June
Chart of the day: The next market leg is unclear
In this context, there is no signal for the bear as well as outcomes for the next market leg are not confirmed. Thus, investors should hold the positions but proportion in leading stocks should not be increased.
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.