05
June
Long positions captured at 812 pts zone should not be closed and let profit run up to 835 pts zone as well as stoploss level remains at 800 pts. For new positions, long VN30F2006 at 810 pts zone when this instrument retests its MA20, take profit at 835 pts and stoploss at 800 pts.
04
June
Although the VNIndex reaches the significant resistance of 880 to 900 pts, the short-term uptrend is still intact. Therefore, traders can hold long positions and focus on leading stocks.
04
June
NTC is among the rare breeds immune to the market downturn trickled by COVID-19, The market price has spiked up by 23.1% in the last six month, beating the INDEX perfomance in the same period. We think the increasing trading money flow into NTC is fueled by the exacerbated optimism about the robust outlook of FDI stream to Vietnam steaming from the chain supply relocation out of China and the leverage of Vietnam to a preferred partner in US cooperative projects.
04
June
As of 02 Jun, our KIS universe was traded at 14.2x its 2020 earnings, higher than 2019-end PE of 13.3x. In terms of technical analysis, the VNIndex is now heading back to 900, its strong support when the pandemic broke out in early February, warning a strong selling pressure there. Although new money may continue to support the market in the coming weeks, we recommend a cautious stance in Jun
03
June
Long positions captured at 812 pts zone should not be closed and let profit run up to 835 pts zone as well as stoploss level remains at 800 pts.
03
June
In the short term, market sentiment has become optimistic as the rebound of the VNIndex. That confirmed the short-term uptrend. Therefore, traders can hold long positions and focus on leading stocks.
03
June
We see an easing path of monetary policy as SBV not only pauses the liquidity withdrawal in the open market but also lowers short-term rates in several funding markets, according to the Decision 418/QĐ-NHNN 2020. Short-term interbank rates reacted quickly to this decision when dropping to near all-time low levels, while short-term bond yields also fell off after the rate-cut signal.
03
June
Long VN30F2006 at 812 pts zone when this level is broken, take profit at 835 pts and stoploss immediately at 800 pts level.
02
June
As the valuation is becoming expensive, we recommend traders and investors to keep a cautious stance in the coming weeks.
01
June
Long VN30F2006 at 812 pts zone when this level is broken, take profit at 835 pts and stoploss immediately at 800 pts level.
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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