Tiếng Việt
普通话
10
January
Market commentary: Low liquidity
In the short term, the downside risk is still intact due to selling pressure at high level. Therefore, traders should wait for more bullish signals before opening long positions.
Research Center
10
January
Covered warrant 03-06 Jan: Trading interest focuses on STB and HPG CWs
Last week, trading volume decreased across the covered warrant market. However, trading value remained at normal level thanks to the market rebound phase. By underlying asset, covered warrants which have STB as the underlying asset kept attracting the most of trading interest from both foreign and domestic investors, mainly driving by CSTB2222 (26.7%), CSTB2215 (24.3%), and CSTB2218 (30.4%).
09
January
Fundflow 03-06 Jan: Vietnam’s market was lifted by the stable flow of money
Market ended up to be net bought, in which Financials, Real Estate, and Cons Staples attracted most of buying activity. Besides, Materials also ended up to be net bought thanks to large buy orders on HPG. With ETF flow, net inflow was USD52mn (-7% wow). The inflow was mainly lifted by the strong demand on VanEck and Fubon.
09
January
Daily derivatives: Keep holding the long positions
Long positions on VN30F2301 should be held and stop the loss when there is the closing price below 1,020 pts level. (Hourly chart)
09
January
Market commentary: Short-term profit taking?
The VNIndex decreases last Friday due to profit taking around 1,050 pts. That mean the downside risk is still intact in the short term. Therefore, traders should wait for more bullish signals before opening long positions.
09
January
Chart of the day: The range is still held
There is the strong supply near 1,100 pts zone as well as 1,050 pts zone is still held. The rebound phase could be extent only when 1,100 pts zone is broken. Therefore, investors should reduce the positions on leading stocks and wait for more accurate signal for the upcoming market leg.
06
January
Market commentary: Large-cap stocks in the spotlight
Based on the third bullish session, the downside risk is reduced, implying a bullish trend in the short term. However, the selling pressure at a 1,100-pts threshold is still intact. Therefore, traders should wait for more bullish signals before opening long positions.
06
January
Daily derivatives: Hold the long positions
Long positions on VN30F2301 should be held and stop the loss when there is the closing price below 1,020 pts level. (Hourly chart)
05
January
Agricultural – [Non-rated] – Brief – 2022 was a good year
According to the GSO estimate, in Dec, the total agriculture export value was USD1,713mn (-9% mom, -6% yoy). In which, rubber accounted for 21% of total export value, followed by coffee (18%) and rice (17%).
05
January
PET – Brief – Non-rated – In a bind
PET revenue in 2022F inched by 2.3% yoy to VND18tn (fulfilling 90% of full-year guidance). PET’s Nov performance tumbled 27% yoy to VND1.5tn net revenue driven by the decline of distribution revenue by 31% yoy. PET’s revenue in Nov 2022 decreased by 10% mom, attributed to the drop in laptop & IT devices sale by 45% mom, due to peak sales in Oct to avoid the impact of forex rising. PET is facing tumbling demand and supply on ICT products in 4Q22 and 2023F. In 2023F, PET will prioritize improving PBT and keeping the stable cash flow for the core business operation.
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.