17
April
Daily derivatives: The retest
Long VN30F2005 at 700 pts zone (MA20 of hourly chart), take profit at 760 pts and set 680 pts as a stoploss level.
17
April
Long VN30F2005 at 700 pts zone (MA20 of hourly chart), take profit at 760 pts and set 680 pts as a stoploss level.
16
April
Technically speaking, the short-term uptrend is confirmed as the VN-Index closes above the significant resistance at 750 pts. Besides, market sentiment has been optimistic. Hence, traders can increase long positions and focus on leading stocks at these sessions.
16
April
In this scenario, intraday trading is recommended with the entry point for long positions at 685 pts zone (MA20 of hourly chart), take profit at 700 pts and set 680 pts as an immediate stoploss level.
15
April
The recommended entry point for long positions at 710 pts should not be closed with profit taking level at 780 pts. Notably, VN30F2004 will be expired today which could lead to unexpected volatility. Thus, for new positions, traders should wait for consolidation or short-term correction period to capture the best trigger point.
15
April
The short-term uptrend is dominant as the cash flow into the market. Therefore, traders can increase long positions and focus on leading stocks at these sessions.
15
April
We estimate Vinh Hoan will record revenue of VND1,537bn (-14.1% yoy) and net profit of VND137bn (-55.5% yoy), because of low export price and contracting gross margin compared to the high base of 1Q19. However, Vinh Hoan's gross margin may improve 1.3%p qoq thanks to (1) favourable farming expenses as Tan Hung farm came into operation and (2) stable outsourcing material price.
14
April
Bottom fishing bulls the market closed in green territory; hence, in the short term, the uptrend is still. Therefore, traders can increase long positions and focus on leading stocks at these sessions.
14
April
Long VN30F2004 at 712 pts when the H1 candle’s closing price stays above 710 pts level, take profit at 780 pts and set 700 pts zone as the immediate stoploss level.
13
April
Long positions captured at 690 pts zone should not be closed with target at 710 pts. For new intraday positions, long VN30F2004 at 683 pts zone, take profit at 710 pts and stoploss at 670 pts when MA20 is violated.
13
April
The bullish sentiment has been dominant thanks to the buying force. Besides, the uptrend is still in the short term as the VN-Index closes above the significant support at 750 pts. Therefore, traders can increase long positions and focus on leading stocks at these sessions.
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.