![NKG-Brief-[HOLD]-Sales volume was flat on mom basic](https://kisvn.vn/en/wp-content/uploads/sites/2/2019/09/page-phantich-m.jpg)
14
June
Total May steel sales volume posted 77,447 tonnes, increasing 0.2% mom and decreasing 8.9% yoy. The 5M23 total sales volume came in at 349,414 tonnes, -19.8% yoy. In which, the steel coat volume declined 22.1% yoy to 286,699 tonnes and the steel pipes volume was down by 7.0% yoy to 62,715 tonnes.
Total May steel sales volume posted 619,165 tonnes, increasing by 5.6% yoy and 15.6% mom thanks to the strong export. The total May domestic sales volume diminished by 19.1% yoy but upped 3.1% mom to 390,548 tonnes.
14
June
Long positions on VN30F2306 should not be closed and stop the loss when there is the closing price below 1,080 pts level (Hourly chart).
14
June
The VNIndex crosses the 1,120-pts threshold along the liquidity high level, implying a strong uptrend market in the future. Therefore, investors should open long positions.
13
June
We expect foreign ETFs to sell HPG and NVL the most with net values of 11.3 million shares and 10.9 million shares. On the buy-side, EIB will be expected to buy heavily with 10.3 million shares. The new weights will be effective on 19 May 2023.
13
June
The money market situation this week was mostly unchanged heading to June FOMC except for interbank rates, especially below 6-month tenors, sliding due to T-bill maturity. The G-bond yield was flat, and USDVND recorded a slight increase after four consecutive weeks of reduction. Looking ahead to next week, we predict that liquidity conditions will remain soft due to the insignificant change in lending activities, although there is no more T-bill maturity. Furthermore, it seems more likely that Fed will pause the rate hike in the upcoming June’s meeting, providing SBV more space to follow easing policies to promote economic growth in the future.
13
June
5M23 preliminary revenue posted VND4,070bn (-36.3% yoy) backed by high base . Of which, the pangasius export decreased by 44.5% yoy as we estimated the ASP drop significantly 19% yoy, while the volume export decreased in key markets including US, EU, and China in 5M23 due to the weaker demand and high stockpile. We maintain a HOLD rating
13
June
Long positions on VN30F2306 should not be closed and stop the loss when there is the closing price below 1,050 pts level (Hourly chart).
13
June
In the short term, the VNIndex has tested the previous resistance level. Accordingly, the uptrend will be consolidated if this index crosses the 1,120-pts threshold. Therefore, investors should open long positions and observe the next movements of the market.
13
June
Last week, trading volume increased, staying above 4-week average, recording at 80mn shares. By underlying asset, covered warrants which have HPG and STB as the underlying asset continued to attract the most of trading interest from both domestic and foreign investors.
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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