26
December
Market ended up to be net bought with net buy value was USD61mn. Foreign demand was mainly absorbed by Utilities, Materials and Financials whilst largest sell orders concentrated mainly on EIB. With ETF flow, net inflow was USD22mn. The positive flow of money was mainly driven by the strong demand on VanEck and Fubon.
26
December
Last week, trading volume dropped across the covered warrant market. Besides, trading value also depreciated, recording at VND44bn, down 40% WoW. 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 CSTB2215 (7.2%).
26
December
In November, TCM posted decent business results with revenue of USD13.9mn (+8.4% yoy, +2.3% mom) and NPAT of USD0.8mn (+470% yoy, +0% mom mainly thanks to better cost management and savings on Covid-related expenses compared to November 2021). Overall, in 11M22, the company achieved USD170.3mn (+23% yoy) in revenue and USD10.6mn (+108% yoy) in NPAT, fulfilling 96% and 99% of its 2022F guidance, respectively.
26
December
Although there is demand near 1,000 pts zone, the trading signal is still unclear. In this case, traders could stay on the sidelines and wait for more accurate signal to avoid the price noise. (Hourly chart)
26
December
The market sentiment has become cautious in the short term. Therefore, traders should be careful and sell long positions if the VNIndex closes below the 1,000-pts threshold.
26
December
The VNIndex moves in the tight range, implying the sideways. Hence, traders should wait for the breakout or breakdown to confirm the next trend.
23
December
TNG posted a positive November performance with revenue of VND507bn (+16% yoy) and NPAT remained unchanged at VND20.7bn. Overall, in 11M22, the company achieved a VND6,336bn revenue (+27% yoy) and a VND277bn NPAT (+29% yoy), fulfilling 106% and 99% of its 2022F guidance, respectively. We expect TNG to finish 2022 successfully with revenue and NPAT respectively fulfill 114% and 106% full-year guidance.
23
December
Although there is demand near 1,000 pts zone, the trading signal is still unclear. In this case, traders could stay on the sidelines and wait for more accurate signal to avoid the price noise. (Hourly chart)
23
December
The stock market rebounded yesterday thanks to the high demand that appeared when the VNIndex retested the 1,000-pts threshold. Despite the recovery, the short-term downside risk is still intact at a high level. Therefore, traders should be careful and sell long positions if the VNIndex closes below the 1,000-pts threshold.
22
December
We witnessed the bounce-back of construction steel sales volume in Nov. Total Nov steel sales volume posted 509,767 tonnes, decreasing by 13.7% yoy and 9.4% mom, which caused by weak domestic and global demand.
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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